Haaco Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC329549 (Scotland)

Financial Statements for the Year Ended 31 December 2018

for

Haaco Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P Hazel

REGISTERED OFFICE:

7 Ythan Terrace

Ellon

Aberdeenshire

AB41 9LJ

REGISTERED NUMBER:

SC329549 (Scotland)

ACCOUNTANTS:

J M Taylor

7 Ythan Terrace

Ellon

Aberdeenshire

AB41 9LJ

FIXED ASSETS

Tangible assets

3

275,082

284,568

CURRENT ASSETS

Debtors

4

-

1,500

Cash at bank

4,678

2,090

4,678

3,590

CREDITORS

Amounts falling due within one year

5

442,251

442,455

NET CURRENT LIABILITIES

(437,573

)

(438,865

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(162,491

)

(154,297

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(162,591

)

(154,397

)

SHAREHOLDERS' FUNDS

(162,491

)

(154,297

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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.

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 director on 23 December 2019 and were signed by:

P Hazel - Director

1.	STATUTORY INFORMATION

Haaco Ltd is a private company, limited by shares , registered in Scotland. 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.

Turnover

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

value added tax and other sales taxes.

Tangible fixed assets

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

Land and buildings

-

2% on cost and in accordance with the property

Plant and machinery etc

-

25% on reducing balance

3.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2018

and 31 December 2018

324,483

57,363

381,846

DEPRECIATION

At 1 January 2018

51,601

45,677

97,278

Charge for year

6,527

2,959

9,486

At 31 December 2018

58,128

48,636

106,764

NET BOOK VALUE

At 31 December 2018

266,355

8,727

275,082

At 31 December 2017

272,882

11,686

284,568

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade debtors

-

1,500

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade creditors

-

287

Taxation and social security

179

408

Other creditors

442,072

441,760

442,251

442,455

6.	RELATED PARTY DISCLOSURES

During the year the director Mr Paul Hazel advanced the company net amounts totalling £441,032

This amount remained outstanding at 31st December 2018 and is included within Other creditors in the notes to

the accounts.

7.	ULTIMATE CONTROLLING PARTY

During the year the company was controlled by the director Mr Paul Hazel by virtue of his majority 70% holding

in the ordinary share capital of the company.