Higher Frequency Trading Ltd - Abbreviated accounts 16.1

Higher Frequency Trading Ltd - Abbreviated accounts 16.1

CHRONICLE SOFTWARE LTD - Company Information

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REGISTERED NUMBER: 08381496 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 January 2016

for

Higher Frequency Trading Ltd

Higher Frequency Trading Ltd (Registered number: 08381496)






Contents of the Abbreviated Accounts
for the Year Ended 31 January 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Higher Frequency Trading Ltd

Company Information
for the Year Ended 31 January 2016







DIRECTOR: P Lawrey





REGISTERED OFFICE: Town House
White Rose Lane
Woking
Surrey
GU22 7JS





REGISTERED NUMBER: 08381496 (England and Wales)





ACCOUNTANTS: SJD Accountancy
1st Floor
Unit 1 Beacontree Plaza
Gillette Way
Reading
Berkshire
RG2 0BS
Page 1
Higher Frequency Trading Ltd (Registered number: 08381496)

Abbreviated Balance Sheet
31 January 2016

31.1.16 31.1.15
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 35,976 35,976
Tangible assets 3 1,015 5,579
36,991 41,555

CURRENT ASSETS
Debtors 41,301 32,391
Cash at bank 6,650 95,869
47,951 128,260
CREDITORS
Amounts falling due within one year 9,106 50,755
NET CURRENT ASSETS 38,845 77,505
TOTAL ASSETS LESS CURRENT
LIABILITIES
75,836
119,060

CAPITAL AND RESERVES
Called up share capital 4 1 1
Profit and loss account 75,835 119,059
SHAREHOLDERS' FUNDS 75,836 119,060

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 26 May 2016 and were signed by:





P Lawrey - Director


The notes form part of these abbreviated accounts

Page 2
Higher Frequency Trading Ltd (Registered number: 08381496)

Notes to the Abbreviated Accounts
for the Year Ended 31 January 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements 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 net invoiced sales of goods, 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.


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

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2015
and 31 January 2016 35,976
NET BOOK VALUE

At 31 January 2016 35,976
At 31 January 2015 35,976

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2015 11,158
Additions 2,031
At 31 January 2016 13,189
DEPRECIATION
At 1 February 2015 5,579
Charge for year 6,595
At 31 January 2016 12,174
NET BOOK VALUE
At 31 January 2016 1,015
At 31 January 2015 5,579

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.16 31.1.15
value: £    £   
1 Ordinary 1.00 1 1

Page 3