The Happy Puzzle Company Limited - Accounts to registrar (filleted) - small 18.2

The Happy Puzzle Company Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 02781931(England and Wales)











Financial Statements

for the Year Ended 31 March 2019

for

THE HAPPY PUZZLE COMPANY LIMITED

THE HAPPY PUZZLE COMPANY LIMITED (REGISTERED NUMBER: 02781931)






Contents of the Financial Statements
for the Year Ended 31 March 2019




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


THE HAPPY PUZZLE COMPANY LIMITED

Company Information
for the Year Ended 31 March 2019







DIRECTOR: Mr G M Ucko





SECRETARY: Mrs R R Ucko





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 02781931(England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

THE HAPPY PUZZLE COMPANY LIMITED (REGISTERED NUMBER: 02781931)

Abridged Balance Sheet
31 March 2019

31.3.19 31.3.18
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 36,345 49,982
Tangible assets 5 7,478 9,970
43,823 59,952

CURRENT ASSETS
Stocks 259,227 360,858
Debtors 268,740 257,988
Cash at bank and in hand 93,135 184,188
621,102 803,034
CREDITORS
Amounts falling due within one year 336,408 613,175
NET CURRENT ASSETS 284,694 189,859
TOTAL ASSETS LESS CURRENT
LIABILITIES

328,517

249,811

CREDITORS
Amounts falling due after more than
one year

(162,500

)

(92,500

)

PROVISIONS FOR LIABILITIES (2,374 ) -
NET ASSETS 163,643 157,311

THE HAPPY PUZZLE COMPANY LIMITED (REGISTERED NUMBER: 02781931)

Abridged Balance Sheet - continued
31 March 2019

31.3.19 31.3.18
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 163,543 157,211
SHAREHOLDERS' FUNDS 163,643 157,311

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director on 29 November 2019and were signed
by:





Mr G M Ucko- Director


THE HAPPY PUZZLE COMPANY LIMITED (REGISTERED NUMBER: 02781931)

Notes to the Financial Statements
for the Year Ended 31 March 2019

1. STATUTORY INFORMATION

The Happy Puzzle Company 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

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 - 25% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.

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.


THE HAPPY PUZZLE COMPANY LIMITED (REGISTERED NUMBER: 02781931)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2019

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in
periods different from those in which they are recognised in financial statements. Deferred
tax is measured using tax rates and laws that have been enacted or substantively enacted
by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over
the period of the lease.

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 21(2018 - 23) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2018
and 31 March 2019 310,547
AMORTISATION
At 1 April 2018 260,565
Amortisation for year 13,637
At 31 March 2019 274,202
NET BOOK VALUE

At 31 March 2019 36,345
At 31 March 2018 49,982

THE HAPPY PUZZLE COMPANY LIMITED (REGISTERED NUMBER: 02781931)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2019

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2018
and 31 March 2019 202,228
DEPRECIATION
At 1 April 2018 192,258
Charge for year 2,492
At 31 March 2019 194,750
NET BOOK VALUE
At 31 March 2019 7,478
At 31 March 2018 9,970

6. LOANS

An analysis of the maturity of loans is given below:

31.3.19 31.3.18
£    £   
Amounts falling due within one year or on demand:
Other loans 95,040 59,182

Amounts falling due between one and two years:
Other loans - 1-2 years 60,000 30,000

Amounts falling due between two and five years:
Other loans - 2-5 years 102,500 62,500

7. SECURED DEBTS

The following secured debts are included within creditors:

31.3.19 31.3.18
£    £   
Other loans - 122,500

Other loans are secured under personal guarantee by the director.

THE HAPPY PUZZLE COMPANY LIMITED (REGISTERED NUMBER: 02781931)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2019

8. CALLED UP SHARE CAPITAL

**ERROR - CONFLICTS FOUND BETWEEN POSTINGS AND SHARE REGISTER - PLEASE REVIEW
EXCEPTION REPORT (EXR).


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.19 31.3.18
value: £    £   
55 A Ordinary £1 45 55
45 B Ordinary £1 - 45
1 C Ordinary £1 - -
1 D Ordinary £1 - -
1 E Ordinary £1 - -
1 F Ordinary £1 - -
45 100

The following shares were issued during the year for cash at par :

1C Ordinary share of £1
1D Ordinary share of £1
1 E Ordinary share of £1
1 F Ordinary share of £1

9. RESERVES
Retained
earnings
£   

At 1 April 2018 157,211
Profit for the year 83,913
Dividends (77,581 )
At 31 March 2019 163,543