HBS Group Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03022805 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

HBS Group Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P C S Adams

D P Smith

P C S Adams

SECRETARY:

P C S Adams

REGISTERED OFFICE:

53 Davies Street

London

W1K 5JH

REGISTERED NUMBER:

03022805 (England and Wales)

ACCOUNTANTS:

DJM Accountants LLP

5 Stirling Court Yard

Stirling Way

Borehamwood

Hertfordshire

WD6 2FX

FIXED ASSETS

Tangible assets

4

127

169

CURRENT ASSETS

Debtors

5

3,155

121

Investments

6

800

Cash at bank

1,148

577

5,103

1,498

CREDITORS

Amounts falling due within one year

7

(13,277

)

(5,576

)

NET CURRENT LIABILITIES

(8,174

)

(4,078

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(8,047

)

(3,909

)

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

(9,047

)

(4,909

)

SHAREHOLDERS' FUNDS

(8,047

)

(3,909

)

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 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 applicable to companies subject to the small companies regime.

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 12 December 2019 and were signed on its behalf by:

P C S Adams - Director

1.	STATUTORY INFORMATION

HBS Group 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 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.

Tangible fixed assets

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

Plant and machinery etc

-

25% 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

and 31 March 2019

950

DEPRECIATION

At 1 April 2018

781

Charge for year

42

At 31 March 2019

823

NET BOOK VALUE

At 31 March 2019

127

At 31 March 2018

169

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

Trade debtors

2,685

-

Other debtors

470

121

3,155

121

6.	CURRENT ASSET INVESTMENTS

2019

2018

£

Unlisted investments

800

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

Trade creditors

-

(1

)

Taxation and social security

(451

)

(451

)

Other creditors

13,728

6,028

13,277

5,576

HBS Group Limited - Accounts to registrar (filleted) - small 18.2

HBS Group Limited - Accounts to registrar (filleted) - small 18.2