Chris Hicks Financial Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04760836 (England and Wales)

Chris Hicks Financial Services Limited

Unaudited Financial Statements for the Year Ended 31 May 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C Hicks

Miss C A Hicks

REGISTERED OFFICE:

Flat 111 St George's Church

Arundel Street

Manchester

Lancashire

M15 4JZ

REGISTERED NUMBER:

04760836 (England and Wales)

FIXED ASSETS

Intangible assets

4

7,050

9,400

Tangible assets

5

1,790

1,706

8,840

11,106

CURRENT ASSETS

Debtors

6

15,359

5,710

Cash at bank

3,868

3,450

19,227

9,160

CREDITORS

Amounts falling due within one year

7

27,753

19,643

NET CURRENT LIABILITIES

(8,526

)

(10,483

)

TOTAL ASSETS LESS CURRENT LIABILITIES

314

623

CAPITAL AND RESERVES

Called up share capital

8

301

301

Retained earnings

9

13

322

SHAREHOLDERS' FUNDS

314

623

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 19 December 2018 and were signed on its behalf by:

C Hicks - Director

1.	STATUTORY INFORMATION

Chris Hicks Financial Services Limited is a private company, limited by shares , registered in England and Wales. The

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

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value

added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any

accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

15% on reducing balance

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.

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 3 (2017 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2017

and 31 May 2018

23,500

AMORTISATION

At 1 June 2017

14,100

Amortisation for year

2,350

At 31 May 2018

16,450

NET BOOK VALUE

At 31 May 2018

7,050

At 31 May 2017

9,400

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 June 2017

9,018

Additions

400

At 31 May 2018

9,418

DEPRECIATION

At 1 June 2017

7,312

Charge for year

316

At 31 May 2018

7,628

NET BOOK VALUE

At 31 May 2018

1,790

At 31 May 2017

1,706

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.18

31.5.17

£

£

Directors' current accounts

15,359

5,710

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.18

31.5.17

£

£

Trade creditors

855

1

Tax

26,898

19,642

27,753

19,643

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.18

31.5.17

value:

£

£

100

Ordinary

£1

100

100

100

Ordinary A

£1

100

100

100

Ordinary B

£1

100

100

1

Ordinary C

£1

1

1

301

301

9.

RESERVES

Retained

earnings

£

At 1 June 2017

322

Profit for the year

112,407

Dividends

(112,716

)

At 31 May 2018

13