Hunt 4 A Bargain Limited - Accounts to registrar (filleted) - small 18.2
Hunt 4 A Bargain Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2018 |
| FOR |
| HUNT 4 A BARGAIN LIMITED |
| HUNT 4 A BARGAIN LIMITED (REGISTERED NUMBER: 08893417) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 28 FEBRUARY 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| HUNT 4 A BARGAIN LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 28 FEBRUARY 2018 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Astral House |
| Granville Way |
| Bicester |
| Oxfordshire |
| OX26 4JT |
| HUNT 4 A BARGAIN LIMITED (REGISTERED NUMBER: 08893417) |
| BALANCE SHEET |
| 28 FEBRUARY 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| HUNT 4 A BARGAIN LIMITED (REGISTERED NUMBER: 08893417) |
| BALANCE SHEET - continued |
| 28 FEBRUARY 2018 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director on |
| HUNT 4 A BARGAIN LIMITED (REGISTERED NUMBER: 08893417) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 28 FEBRUARY 2018 |
| 1. | STATUTORY INFORMATION |
| Hunt 4 A Bargain Limited is a |
| company's registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Significant judgements and estimates |
| The preparation of financial statements requires the use of certain critical accounting estimates. It also requires |
| management to exercise its judgement in the process of applying accounting policies. The areas involving a |
| higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the |
| financial statements, are disclosed in the accounting policies below. |
| Estimates and judgements are continually evaluated and are based on historical experience and other factors, |
| including expectations of future events that are believed to be reasonable under the circumstances. |
| Turnover |
| Revenue is recognised for the provision of services when it is probable that an economic benefit will flow to the |
| entity and the revenue and costs can be reliably measured. For continuing services, revenue is recognised when |
| the stage of completion can be reliably measured. |
| Revenue is recognised for the sale of goods, when the significant risks and rewards of ownership of the goods |
| have passed to the buyer (usually on the dispatch of goods), the amount of revenue can be measured reliably, it is |
| probable that the economic benefit will flow to the entity and the costs incurred or to be incurred in respect of the |
| transaction can be measured reliably. |
| Tangible fixed assets |
| Plant & Machinery | - |
| Fixtures & Fittings | - |
| Motor Vehicles | - |
| Computer Equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
| the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
| substantively enacted by the balance sheet date. |
| HUNT 4 A BARGAIN LIMITED (REGISTERED NUMBER: 08893417) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 28 FEBRUARY 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
| those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
| have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
| timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
| will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant & | Fixtures | Motor | Computer |
| Machinery | & Fittings | Vehicles | Equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 March 2017 |
| and 28 February 2018 |
| DEPRECIATION |
| At 1 March 2017 |
| Charge for year |
| At 28 February 2018 |
| NET BOOK VALUE |
| At 28 February 2018 |
| At 28 February 2017 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Other debtors |
| Prepayments |
| HUNT 4 A BARGAIN LIMITED (REGISTERED NUMBER: 08893417) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 28 FEBRUARY 2018 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Bank loans and overdrafts |
| Tax |
| Social Security & Other Taxes |
| Directors' Current Accounts |
| Accrued Expenses |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2018 | 2017 |
| £ | £ |
| Bank loans |
| The Director has given a personal guarantee, on the bank loan, as described in note 11. |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2018 | 2017 |
| value: | £ | £ |
| Ordinary | £0.10 | 10 | 10 |
| 10. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The Director has provided personal guarantee of £20,000 in respect of the bank loan. |
| 11. | RELATED PARTY DISCLOSURES |
| During the year, total dividends of £14,418 (2017 - £21,000) were paid to the director . |