Haelan Centre Ltd 31/03/2018 iXBRL
Haelan Centre Ltd 31/03/2018 iXBRL
Company registration number:
04701730
Unaudited filleted financial statements
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Directors and other information
Directors |
|
(Resigned 1 October 2017) | |
|
|||
|
|||
Secretary |
|
||
Company number |
|
||
Registered office |
|
||
|
|||
|
|||
|
|||
Business address |
|
||
|
|||
|
|||
|
|||
Accountants |
|
||
10 Dartmouth Park Hill | |||
London | |||
NW5 1HL | |||
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Haelan Centre Ltd
Year ended 31 March 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Haelan Centre Ltd for the year ended 31 March 2018 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf.
Chartered Certified Accountants
10 Dartmouth Park Hill
London
NW5 1HL
7 December 2018
Statement of financial position
31 March 2018
2018 | 2017 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Intangible assets | 5 | - |
|
||||||
Tangible assets | 6 |
|
|
||||||
_______ | _______ | ||||||||
|
|
||||||||
Current assets | |||||||||
Stocks |
|
|
|||||||
Debtors | 7 |
|
|
||||||
Cash at bank and in hand |
|
|
|||||||
_______ | _______ | ||||||||
|
|
||||||||
Creditors: amounts falling due | |||||||||
within one year | 8 |
(
|
(
|
||||||
_______ | _______ | ||||||||
Net current (liabilities)/assets |
(
|
|
|||||||
_______ | _______ | ||||||||
Total assets less current liabilities |
|
|
|||||||
_______ | _______ | ||||||||
Net assets |
|
|
|||||||
_______ | _______ | ||||||||
Capital and reserves | |||||||||
Called up share capital |
|
|
|||||||
Profit and loss account |
|
|
|||||||
_______ | _______ | ||||||||
Shareholders funds |
|
|
|||||||
_______ | _______ | ||||||||
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
07 December 2018
, and are signed on behalf of the board by:
Director
Company registration number:
04701730
Statement of changes in equity
Year ended 31 March 2018
Called up share capital | Profit and loss account | Total | |||
£ | £ | £ | |||
At 1 April 2016 |
|
|
|
||
Profit for the year |
|
|
|||
_______ | _______ | _______ | |||
Total comprehensive income for the year | - |
|
|
||
Issue of shares |
|
|
|||
Dividends paid and payable |
(
|
(
|
|||
_______ | _______ | _______ | |||
Total investments by and distributions to owners |
|
(
|
(
|
||
_______ | _______ | _______ | |||
At 31 March 2017 and 1 April 2017 |
|
|
|
||
Profit for the year |
|
|
|||
_______ | _______ | _______ | |||
Total comprehensive income for the year | - |
|
|
||
Dividends paid and payable |
(
|
(
|
|||
_______ | _______ | _______ | |||
Total investments by and distributions to owners | - |
(
|
(
|
||
_______ | _______ | _______ | |||
At 31 March 2018 |
|
|
|
||
_______ | _______ | _______ | |||
Notes to the financial statements
Year ended 31 March 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 41 The Broadway, Crouch End, London, N8 8DT.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Goodwill
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill | - |
|
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery | - |
|
|
|
Fittings fixtures and equipment | - |
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
42
(2017:
45
).
5.
Intangible assets
Goodwill | Total | ||
£ | £ | ||
Cost | |||
At 1 April 2017 and 31 March 2018 |
|
|
|
_______ | _______ | ||
Amortisation | |||
At 1 April 2017 |
|
|
|
Charge for the year |
|
|
|
_______ | _______ | ||
At 31 March 2018 |
|
|
|
_______ | _______ | ||
Carrying amount | |||
At 31 March 2018 | - | - | |
_______ | _______ | ||
At 31 March 2017 |
|
|
|
_______ | _______ | ||
6.
Tangible assets
Short leasehold property | Plant and machinery | Fixtures, fittings and equipment | Motor vehicles | Total | ||
£ | £ | £ | £ | £ | ||
Cost | ||||||
At 1 April 2017 |
|
|
|
|
|
|
Additions | - | - | 30,759 | - | 30,759 | |
_______ | _______ | _______ | _______ | _______ | ||
At 31 March 2018 |
|
|
|
|
|
|
_______ | _______ | _______ | _______ | _______ | ||
Depreciation | ||||||
At 1 April 2017 |
|
|
|
|
|
|
Charge for the year |
|
|
|
|
|
|
_______ | _______ | _______ | _______ | _______ | ||
At 31 March 2018 |
|
|
|
|
|
|
_______ | _______ | _______ | _______ | _______ | ||
Carrying amount | ||||||
At 31 March 2018 |
|
|
|
|
|
|
_______ | _______ | _______ | _______ | _______ | ||
At 31 March 2017 |
|
|
|
|
|
|
_______ | _______ | _______ | _______ | _______ | ||
7.
Debtors
2018 | 2017 | |||
£ | £ | |||
Trade debtors |
|
|
||
Other debtors |
|
|
||
_______ | _______ | |||
|
|
|||
_______ | _______ | |||
8.
Creditors: amounts falling due within one year
2018 | 2017 | |||
£ | £ | |||
Bank loans and overdrafts | - |
|
||
Trade creditors |
|
|
||
Corporation tax |
|
|
||
Social security and other taxes |
|
|
||
Other creditors |
|
|
||
_______ | _______ | |||
|
|
|||
_______ | _______ | |||
9.
Directors advances, credits and guarantees
Two of the directors accounts were overdrawn at the end of the year by £2,500 and £9,500. No interest was charged by the company. The loans were repaid to the comany by 26th November 2018.