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

REGISTERED NUMBER: 08206228 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2019

FOR

HSPM LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

H G Stocks

REGISTERED OFFICE:

Vector House

Merle Common Road

OXTED

Surrey

RH8 0RP

REGISTERED NUMBER:

08206228 (England and Wales)

ACCOUNTANTS:

McKenzies

Chartered Accountants

2 Station Road West

Oxted

Surrey

RH8 9EP

FIXED ASSETS

Tangible assets

4

827

1,055

CURRENT ASSETS

Debtors

19,997

-

Cash at bank

61,361

101,517

81,358

101,517

CREDITORS

Amounts falling due within one year

15,430

29,444

NET CURRENT ASSETS

65,928

72,073

TOTAL ASSETS LESS CURRENT LIABILITIES

66,755

73,128

PROVISIONS FOR LIABILITIES

157

200

NET ASSETS

66,598

72,928

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

65,598

71,928

SHAREHOLDERS' FUNDS

66,598

72,928

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Income Statement and an abridged Balance Sheet for the year ended 30 September 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 20 January 2020 and were signed by:

H G Stocks - Director

1.	STATUTORY INFORMATION

HSPM Ltd 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.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

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

-

33% on cost and 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.

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 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2018

6,627

Additions

400

At 30 September 2019

7,027

DEPRECIATION

At 1 October 2018

5,572

Charge for year

628

At 30 September 2019

6,200

NET BOOK VALUE

At 30 September 2019

827

At 30 September 2018

1,055

5.	OTHER FINANCIAL COMMITMENTS

The company is committed to paying operating lease payments on a vehicle of £1,227 (2018 - £4,907).

6.	RELATED PARTY DISCLOSURES

During the year, total dividends of £32,125 (2018 - £37,000) were paid to the director .

7.	ULTIMATE CONTROLLING PARTY

The controlling party is H G Stocks.