HSC_UK_LIMITED - Accounts


Company Registration No. 04610250 (England and Wales)
HSC UK LIMITED
DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2016
HSC UK LIMITED
COMPANY INFORMATION
Directors
Mr S Haley
Mr P Smith
Secretary
Mr S Barnes
Company number
04610250
Registered office
Maple House
118 High Street
Purley
Surrey
CR8 2AD
United Kingdom
CR8 2AD
Accountants
Bryden Johnson
Kings Parade
Lower Coombe Street
Croydon
Surrey
CR0 1AA
Business address
Maple House
118 High Street
Purley
Surrey
United Kingdom
CR8 2AD
HSC UK LIMITED
CONTENTS
Page
Directors' report
1
Accountants' report
2
Profit and loss account
3
Balance sheet
4
Notes to the financial statements
5 - 7
HSC UK LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 JUNE 2016
- 1 -
The directors present their report and financial statements for the year ended 30 June 2016.
Principal activities

The principal activity of the company continued to be that of provision of 3D modelling services to the rail industry.provision of 3D modelling services to the rail industry.

Directors
The following directors have held office since 1 July 2015:
Mr S Haley
Mr P Smith
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
By order of the board
Mr S Barnes
Secretary
15 November 2016
HSC UK LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF HSC UK LIMITED FOR THE YEAR ENDED 30 JUNE 2016
- 2 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of HSC UK Limited for the year ended 30 June 2016 set out on pages 3 to 7 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 http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of HSC UK Limited, as a body, in accordance with the terms of our engagement letter dated 25 August 2016. Our work has been undertaken solely to prepare for your approval the financial statements of HSC UK Limited and state those matters that we have agreed to state to the Board of Directors of HSC UK Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than HSC UK Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that HSC UK Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of HSC UK Limited. You consider that HSC UK 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 financial statements of HSC UK 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 statutory financial statements.
Bryden Johnson
5 December 2016
Chartered Accountants
Kings Parade
Lower Coombe Street
Croydon
CR0 1AA
HSC UK LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2016
- 3 -
2016
2015
Notes
£
£
Turnover
143,150
124,822
Cost of sales
(135,120)
(115,535)
Gross profit
8,030
9,287
Administrative expenses
(5,926)
(4,577)
Operating profit
2,104
4,710
Other interest receivable and similar income
2
-
65
Profit on ordinary activities before taxation
2,104
4,775
Tax on profit on ordinary activities
3
(421)
(955)
Profit for the year
8
1,683
3,820
HSC UK LIMITED
BALANCE SHEET
AS AT
30 JUNE 2016
30 June 2016
- 4 -
2016
2015
Notes
£
£
£
£
Current assets
Debtors
5
81,561
46,794
Cash at bank and in hand
6,718
30,172
88,279
76,966
Creditors: amounts falling due within one year
6
(78,872)
(69,242)
Total assets less current liabilities
9,407
7,724
Capital and reserves
Called up share capital
7
1,000
1,000
Profit and loss account
8
8,407
6,724
Shareholders'  funds
9,407
7,724
For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the Board for issue on 15 November 2016
Mr S Haley
Mr P Smith
Director
Director
Company Registration No. 04610250
HSC UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2016
- 5 -
1
Accounting policies
1.1
Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover

Turnover represents amounts receivable for services net of VAT and trade discounts.

2
Investment income
2016
2015
£
£
Bank interest
-
65
-
65
3
Taxation
2016
2015
£
£
Domestic current year tax
U.K. corporation tax
421
955
Total current tax
421
955
4
Dividends
2016
2015
£
£
Ordinary interim paid
-
12,000
5
Debtors
2016
2015
£
£
Trade debtors
24,541
20,355
Other debtors
57,020
26,439
81,561
46,794
HSC UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2016
- 6 -
6
Creditors: amounts falling due within one year
2016
2015
£
£
Trade creditors
44,136
58,830
Taxation and social security
650
955
Other creditors
34,086
9,457
78,872
69,242
7
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1,000Ordinary shares of £1 each
1,000
1,000
8
Statement of movements on profit and loss account
Profit
and loss
account
£
Balance at 1 July 2015
6,724
Profit for the year
1,683
Balance at 30 June 2016
8,407
9
Control

There is not considered to be an ultimate controlling party.

HSC UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2016
- 7 -
10
Related party relationships and transactions

The company was invoiced £135,120 (2015: £105,735) for 3D modelling and commercial management services undertaken by Perfidelis Limited, a company in which Mr P Smith is a director. At 30 June 2016 the company owed Perfidelis Limited £71,730 (2015: £66,462).

 

The company was invoiced £nil (2015: £12,715) for 3D modelling and commercial management services undertaken by HCQS Limited and £2,400 (2015: £2,400) for bookkeeping services, a company in which Mr S Haley is a director. At the year end, the company was owed £11,600 (2015: £7,770) from HCQS Limited.

 

At 30 June 2016 the company was owed £500 (2015: £500) from Haley's Limited a company in which Mr S Haley is a director.

 

Haley's Limited, a company in which Mr S Haley is also a director, invoiced HSC UK Limited £2,535 (2015: £975) for management charges, insurance and software costs during the year. At 30 June 2016 the company owed £5,042 (2015: £nil) to Haley's Limited a company in which Mr S Haley is a director.

 

At 30 June 2016 the company was owed £14,000 (2015: £11,000) from HC M&E Limited a company in which Mr S Haley is a director.

 

.

 

 

 

2016-06-302015-07-01falsetruetruetruetruetruetmp4745.html2016-12-08046102502015-07-012016-06-3004610250uk-bus:Director12015-07-012016-06-3004610250uk-bus:Director22015-07-012016-06-3004610250uk-bus:CompanySecretaryDirector2015-07-012016-06-3004610250uk-bus:RegisteredOffice2015-07-012016-06-30046102502016-06-3004610250uk-bus:EntityAccountantsOrAuditors2016-06-30046102502014-07-012015-06-30046102502015-06-30046102502015-06-3004610250uk-bus:OrdinaryShareClass12015-07-012016-06-3004610250uk-bus:OrdinaryShareClass12016-06-3004610250uk-bus:OrdinaryShareClass12015-06-30xbrli:purexbrli:sharesiso4217:GBP