Hosting Systems Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04212030 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2018

for

Hosting Systems Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Ms J M Moran

A H Bates

REGISTERED OFFICE:

The Hub Trentham Business Quarter

Bellringer Road

Stoke on Trent

Staffordshire

ST4 8GB

REGISTERED NUMBER:

04212030 (England and Wales)

FIXED ASSETS

Intangible assets

5

-

125

Tangible assets

6

25,073

12,738

25,073

12,863

CURRENT ASSETS

Debtors

7

39,657

49,033

Cash at bank

133,815

74,113

173,472

123,146

CREDITORS

Amounts falling due within one year

8

167,430

124,353

NET CURRENT ASSETS/(LIABILITIES)

6,042

(1,207

)

TOTAL ASSETS LESS CURRENT LIABILITIES

31,115

11,656

CAPITAL AND RESERVES

Called up share capital

6,550

6,550

Retained earnings

24,565

5,106

SHAREHOLDERS' FUNDS

31,115

11,656

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 6 February 2019 and were signed on its behalf by:

A H Bates - Director

Ms J M Moran - Director

1.	STATUTORY INFORMATION

Hosting Systems 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements cover the company as an individual entity, have been prepared under the

historical cost convention and are presented in Pounds Sterling (£) being the functional currency.

The financial statements have been prepared on the assumption that the company is able to carry on

business as a going concern, which the directors consider appropriate having regard to the company's

current and expected performance.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102

'The Financial Reporting Standard applicable in the UK and Republic of Ireland' section 1AC.35, not to

disclose related party transactions with wholly owned subsidiaries within the group.

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 2012, is being amortised evenly over its estimated useful life of six 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.

Short leasehold

-

Straight line over 50 years

Fixtures and fittings

-

Straight line over 6 years

Computer equipment

-

at varying rates on cost

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible

preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in

profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value

with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax, if applicable. 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 statement of financial position 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2017 - 5 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2017

and 31 October 2018

15,000

AMORTISATION

At 1 November 2017

14,875

Charge for year

125

At 31 October 2018

15,000

NET BOOK VALUE

At 31 October 2018

-

At 31 October 2017

125

6.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 November 2017

12,457

18,750

52,819

84,026

Additions

-

2,500

13,860

16,360

At 31 October 2018

12,457

21,250

66,679

100,386

DEPRECIATION

At 1 November 2017

2,429

18,750

50,109

71,288

Charge for year

249

278

3,498

4,025

At 31 October 2018

2,678

19,028

53,607

75,313

NET BOOK VALUE

At 31 October 2018

9,779

2,222

13,072

25,073

At 31 October 2017

10,028

-

2,710

12,738

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

29,592

34,729

Other debtors

10,065

14,304

39,657

49,033

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

27,938

23,764

Taxation and social security

50,526

30,891

Other creditors

88,966

69,698

167,430

124,353

9.	OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments, guarantees and contingencies that are not included in the

statement of financial position amount to £28,000.