HC_BIM_LIMITED - Accounts

HC BIM LIMITED - Company Information

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Company Registration No. 08059398 (England and Wales)

HC BIM LIMITED

DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2016

HC BIM LIMITED

COMPANY INFORMATION

Directors

Mr S Haley

Mr A Zghari

Secretary

Mr S Barnes

Company number

08059398

Registered office

Maple House

118 High Street

Purley

Surrey

United Kingdom

CR8 2AD

Accountants

Bryden Johnson

King's Parade

Lower Coombe Street

Croydon

Surrey

CR0 1AA

Business address

Maple House

118 High Street

Purley

Surrey

United Kingdom

CR8 2AD

HC BIM LIMITED

CONTENTS

Page

Directors' report

Accountants' report

Profit and loss account

Balance sheet

Notes to the financial statements

5 - 6

HC BIM LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 MAY 2016

- 1 -

The directors present their report and financial statements for the year ended 31 May 2016.

Principal activities

The principal activity of the company continued to be that of sale, deployment and support of specialist software systems for the construction industry.

Directors

The following directors have held office since 1 June 2015:

Mr S Haley

Mr A Zghari

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

18 November 2016

HC BIM LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF HC BIM LIMITED FOR THE YEAR ENDED 31 MAY 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 HC BIM Limited for the year ended 31 May 2016 set out on pages 3 to 6 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 HC BIM 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 HC BIM Limited and state those matters that we have agreed to state to the Board of Directors of HC BIM 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 HC BIM Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that HC BIM 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 HC BIM Limited. You consider that HC BIM 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 HC BIM 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

Bryden Johnson

King's Parade

Lower Coombe Street

Croydon

Surrey

CR0 1AA

HC BIM LIMITED

PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31 MAY 2016

- 3 -

2016

2015

Notes

Turnover

68,581

93,067

Cost of sales

(43,011)

(69,430)

Gross profit

25,570

23,637

Administrative expenses

(8,309)

(4,558)

Profit on ordinary activities before taxation

17,261

19,079

Tax on profit on ordinary activities

(3,665)

(3,816)

Profit for the year

13,596

15,263

HC BIM LIMITED

BALANCE SHEET

AS AT

31 MAY 2016

- 4 -

2016

2015

Notes

Current assets

Debtors

76,214

59,557

Cash at bank and in hand

741

528

76,955

60,085

Creditors: amounts falling due within one year

(48,006)

(44,732)

Total assets less current liabilities

28,949

15,353

Capital and reserves

Called up share capital

Profit and loss account

28,859

15,263

Shareholders' funds

28,949

15,353

For the financial year ended 31 May 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 18 November 2016

Mr S Haley

Director

Company Registration No. 08059398

HC BIM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2016

- 5 -

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.

Taxation

2016

2015

Domestic current year tax

U.K. corporation tax

3,665

3,816

Total current tax

3,665

3,816

Debtors

2016

2015

Trade debtors

27,907

9,758

Other debtors

48,307

49,799

76,214

59,557

Creditors: amounts falling due within one year

2016

2015

Trade creditors

14,679

6,029

Taxation and social security

7,929

9,152

Other creditors

25,398

29,551

48,006

44,732

Share capital

2016

2015

Allotted, called up and fully paid

9,000 Ordinary of 1p each

HC BIM LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2016

- 6 -

Statement of movements on profit and loss account

Profit
and loss
account

Balance at 1 June 2015

15,263

Profit for the year

13,596

Balance at 31 May 2016

28,859

Control

The ultimate controlling party is Mr S Haley by virtue of his majority shareholding.

Related party relationships and transactions

During the year the company paid a management charge to HC QS Limited of £2,400 (2015: £1,400) a company in which Mr S Haley holds a controlling interest, and also recharged costs from them of £590 (2015: £64). The company paid to HCQS Limited net cash advances totalling £nil (2015: £30,000). At the year end, the company was owed £41,807 (2015: £28,536) by HC QS Limited.

During the year the company paid subcontractors services of £40,698 (2015: £66,023) to Mr A Zgahri a director of the company. At the year end the company owed £14,679 (2015: £6,023) to Mr A Zghari.