Haben Consulting Limited - Period Ending 2018-04-30

Registration number: 05412235

Haben Consulting Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2018

Smith-Milne & Co. Limited
Chartered Certified Accountants
23 Church Street
Rickmansworth
Hertfordshire
WD3 1DE

Haben Consulting Limited

Contents

Company Information	1
Director's Report	2
Accountants' Report	3
Profit and Loss Account	4
Statement of Comprehensive Income	5
Balance Sheet	6
Statement of Changes in Equity	7
Notes to the Financial Statements	8 to 12

Haben Consulting Limited

Company Information

Director

Mr Martin Keith Wheeler

Company secretary

Mrs Julia Kirsten Wheeler

Registered office

34 Copthorne Road Croxley Green Rickmansworth Hertfordshire WD3 4AQ

Accountants

Smith-Milne & Co. Limited Chartered Certified Accountants 23 Church Street Rickmansworth Hertfordshire WD3 1DE

Page 1

Haben Consulting Limited

Director's Report for the Year Ended 30 April 2018

The director presents his report and the financial statements for the year ended 30 April 2018.

Director of the company

The director who held office during the year was as follows:

Mr Martin Keith Wheeler

Principal activity

The principal activity of the company is Computer Consultancy Activities

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the director on 18 January 2019 and signed on its behalf by:

.........................................
Mr Martin Keith Wheeler
Director

Page 2

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Haben Consulting Limited
for the Year Ended 30 April 2018

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Haben Consulting Limited for the year ended 30 April 2018 as set out on pages 4 to 12 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/gb/en/discover/public-value/rulebook.html.

This report is made solely to the Board of Directors of Haben Consulting Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Haben Consulting Limited and state those matters that we have agreed to state to the Board of Directors of Haben Consulting Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Haben Consulting Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Haben Consulting Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Haben Consulting Limited. You consider that Haben Consulting Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Haben Consulting Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Smith-Milne & Co. Limited
Chartered Certified Accountants
23 Church Street
Rickmansworth
Hertfordshire
WD3 1DE

18 January 2019

Page 3

Haben Consulting Limited

Profit and Loss Account for the Year Ended 30 April 2018

	Note	2018 £	2017 £
Turnover		100,250	122,502
Cost of sales		(366)	-
Gross profit		99,884	122,502
Administrative expenses		(13,541)	(14,799)
Operating profit		86,343	107,703
Interest payable and similar expenses		21	5
		21	5
Profit before tax	4	86,364	107,708
Taxation		(16,409)	(21,420)
Profit for the financial year		69,955	86,288

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

The notes on pages 8 to 12 form an integral part of these financial statements.

Page 4

Haben Consulting Limited

Statement of Comprehensive Income for the Year Ended 30 April 2018

	2018 £	2017 £
Profit for the year	69,955	86,288
Total comprehensive income for the year	69,955	86,288

The notes on pages 8 to 12 form an integral part of these financial statements.

Page 5

Haben Consulting Limited

(Registration number: 05412235)
Balance Sheet as at 30 April 2018

	Note	2018 £	2017 £
Fixed assets
Tangible assets	5	941	941
Current assets
Debtors	6	42,000	45,981
Cash at bank and in hand		14,584	5,431
		56,584	51,412
Creditors: Amounts falling due within one year	7	(46,233)	(52,066)
Net current assets/(liabilities)		10,351	(654)
Net assets		11,292	287
Capital and reserves
Called up share capital	8	2	2
Profit and loss account		11,290	285
Total equity		11,292	287

For the financial year ending 30 April 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 18 January 2019
 

.........................................

Mr Martin Keith Wheeler
Director

The notes on pages 8 to 12 form an integral part of these financial statements.

Page 6

Haben Consulting Limited

Statement of Changes in Equity for the Year Ended 30 April 2018

	Share capital £	Profit and loss account £	Total £
At 1 May 2017	2	285	287
Profit for the year	-	69,955	69,955
Total comprehensive income	-	69,955	69,955
Dividends	-	(58,950)	(58,950)
At 30 April 2018	2	11,290	11,292

	Share capital £	Profit and loss account £	Total £
At 1 May 2016	2	286	288
Profit for the year	-	86,288	86,288
Total comprehensive income	-	86,288	86,288
Dividends	-	(86,289)	(86,289)
At 30 April 2017	2	285	287

The notes on pages 8 to 12 form an integral part of these financial statements.

Page 7

Haben Consulting Limited

Notes to the Financial Statements for the Year Ended 30 April 2018

1	General information

The company is a private company limited by share capital, incorporated in Other.

The address of its registered office is:
34 Copthorne Road
Croxley Green
Rickmansworth
Hertfordshire
WD3 4AQ

The principal place of business is:
34 Copthorne Road
Croxley Green
Rickmansworth
Hertfordshire
WD3 4AQ

These financial statements were authorised for issue by the director on 18 January 2019.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Page 8

Haben Consulting Limited

Notes to the Financial Statements for the Year Ended 30 April 2018

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office Equipment	25% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2017 - 1).

Page 9

Haben Consulting Limited

Notes to the Financial Statements for the Year Ended 30 April 2018

4	Profit before tax

Arrived at after charging/(crediting)

	2018 £	2017 £
Depreciation expense	-	755

Page 10

Haben Consulting Limited

Notes to the Financial Statements for the Year Ended 30 April 2018

5	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 May 2017	9,460	9,460
At 30 April 2018	9,460	9,460
Depreciation
At 1 May 2017	8,519	8,519
At 30 April 2018	8,519	8,519
Carrying amount
At 30 April 2018	941	941
At 30 April 2017	941	941

6

Debtors

	2018 £	2017 £
Trade debtors	42,000	47,600
Other debtors	-	(1,619)
	42,000	45,981

7

Creditors

Creditors: amounts falling due within one year

	2018 £	2017 £
Due within one year
Taxation and social security	19,251	33,136
Accruals and deferred income	1,208	-
Other creditors	25,774	18,930
	46,233	52,066

8	Share capital

Allotted, called up and fully paid shares

Page 11

Haben Consulting Limited

Notes to the Financial Statements for the Year Ended 30 April 2018

	2018		2017
	No.	£	No.	£
Share capital of £1 each	2	2	2	2

9

Dividends

		2018		2017
		£		£
Final dividend of £58,950.00 (2017 - £86,288.71) per ordinary share		-		-

10	Related party transactions

Directors' remuneration

The director's remuneration for the year was as follows:

	2018 £	2017 £
Remuneration	8,164	8,061

Page 12