| Humantix Limited |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Humantix Limited for the year ended 31 January 2015 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Humantix Limited for the year ended 31 January 2015 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook. |
| This report is made solely to the Board of Directors of Humantix Limited, as a body, in accordance with the terms of our engagement letter dated 3 December 2008. Our work has been undertaken solely to prepare for your approval the accounts of Humantix Limited and state those matters that we have agreed to state to the Board of Directors of Humantix Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Humantix Limited and its Board of Directors as a body for our work or for this report. |
| It is your duty to ensure that Humantix Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Humantix Limited. You consider that Humantix Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the accounts of Humantix Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the abbreviated accounts. |
|
| Chisnall & Co |
| Chartered Accountants |
| 17 Stowell Close |
| Ashford |
| Kent |
| TN23 5HS |
|
| Date: 29 October 2015 |
|
| Humantix Limited |
| Registered number: |
04239598 |
| Abbreviated Balance Sheet |
| as at 31 January 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
13,608 |
|
|
28,851 |
| Investments |
3 |
|
|
76 |
|
|
76 |
|
|
|
|
13,684 |
|
|
28,927 |
|
| Current assets |
| Stocks |
|
|
12,159 |
|
|
7,926 |
| Debtors |
|
|
140,534 |
|
|
121,313 |
| Cash at bank and in hand |
|
|
9,894 |
|
|
1,160 |
|
|
|
162,587 |
|
|
130,399 |
|
| Creditors: amounts falling due within one year |
|
|
(117,286) |
|
|
(129,582) |
|
| Net current assets |
|
|
|
45,301 |
|
|
817 |
|
| Total assets less current liabilities |
|
|
|
58,985 |
|
|
29,744 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(42,672) |
|
|
(19,680) |
|
| Provisions for liabilities |
|
|
|
- |
|
|
(2,396) |
|
|
| Net assets |
|
|
|
16,313 |
|
|
7,668 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
16,312 |
|
|
7,667 |
|
| Shareholders' funds |
|
|
|
16,313 |
|
|
7,668 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Mr D W Stallion |
| Director |
| Approved by the board on 28 October 2015 |
|
| Humantix Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 January 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Leasehold land and buildings |
Over the remaining term of the lease |
|
Plant and machinery |
25% straight line |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
Leasing and hire purchase commitments |
|
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.
The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
Rentals paid under operating leases are charged to income on a straight line basis over the lease term. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 February 2014 |
190,634 |
|
At 31 January 2015 |
190,634 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 February 2014 |
161,783 |
|
Charge for the year |
15,243 |
|
At 31 January 2015 |
177,026 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2015 |
13,608 |
|
At 31 January 2014 |
28,851 |
|
|
|
|
|
|
|
|
| 3 |
Investments |
£ |
|
|
Cost |
|
At 1 February 2014 |
76 |
|
|
At 31 January 2015 |
76 |
|
|
|
|
|
|
|
|
The company holds 20% or more of the share capital of the following companies: |
|
| Capital and |
Profit (loss) |
|
Company |
Shares held |
reserves |
for the year |
|
|
Class |
% |
£ |
£ |
|
Frendz Limited |
Ordinary |
76 |
|
1,668 |
|
16,144 |
|
| 4 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
1 |
|
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
Mr D W Stallion |
|
Director's current account, repayable on demand, interest charged at 4%.to 5 April 2014 and 3.25% thereafter. |
71,179 |
|
- |
|
(44,702) |
|
26,477 |
|
|
|
71,179 |
|
- |
|
(44,702) |
|
26,477 |
|
|
|
|
|
|
|
|
|
