Hadu Limited - Filleted accounts

Registered number

06109272

Hadu Limited

Filleted Accounts

28 February 2018

Hadu Limited
Registered number:		06109272
Balance Sheet
as at 28 February 2018

Notes			2018			2017
£				£
Fixed assets
Tangible assets	2		439			586

Current assets
Stocks		-			120
Cash at bank and in hand		2,673			2,468
		2,673			2,588

Creditors: amounts falling due within one year	3	(2,837)			(5,269)

Net current liabilities			(164)			(2,681)

Net assets/(liabilities)			275			(2,095)

Capital and reserves
Called up share capital			1			1
Profit and loss account			274			(2,096)

Shareholder's funds			275			(2,095)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Saumabha Mandal
Director
Approved by the board on 28 November 2018

Hadu Limited
Notes to the Accounts
for the year ended 28 February 2018


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is the amount derived from ordinary activities, and is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from provision of services is recognised when the amount of revenue can be measured reliably, it is probable that the economic benefit from the transaction will flow to the company and stage of completion of the services can be measured reliably at the balance sheet date.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses.

	Plant and machinery	25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

2	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 March 2017	1,453		17,710		19,163
	Disposals	-		(17,710)		(17,710)
	At 28 February 2018	1,453		-		1,453

	Depreciation
	At 1 March 2017	867		17,710		18,577
	Charge for the year	147		-		147
	On disposals	-		(17,710)		(17,710)
	At 28 February 2018	1,014		-		1,014

	Net book value
	At 28 February 2018	439		-		439
	At 28 February 2017	586		-		586


3	Creditors: amounts falling due within one year			2018		2017
£					£

	Other creditors			1,045		5,215
	Taxation and social security costs			1,234		-
	Accruals			558		54
				2,837		5,269


4	Other information

	Hadu Limited is a private company limited by shares and incorporated in England. Its registered office is:
	1 Wildacres
	Northwood
	Middlesex
	HA6 3JD

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