Registered number: 06445491

Hicat Limited

Abbreviated accounts

for the year ended 31 March 2016

Hicat Limited

Contents

• Abbreviated Balance sheet
• Notes to the financial statements

Hicat Limited

Abbreviated balance sheet

as at 31 March 2016

		2016		2015
	Notes	£	£	£	£
Fixed Assets
Tangible assets			302		412
Current Asset
Stock		452		2,482
Cash at bank and in hand		5,012		3,179
Debtors		2,223		329
		7,687		5,990
Creditors: amounts falling due within one year	7	(58,633)		(53,864)
Net current assets			(50,946)		(47,874)
Total assets less current liabilities			(50,644)		(47,462)
Net assets			(50,644)		(47,462)
Capital and reserves
Share Capital			1		1
Profit and loss account			(50,645)		(47,463)
Shareholder's funds			(50,644)		(47,462)

The directors' statements required by Sections 475(2) and (3) are shown on the following page which forms part of this Balance Sheet.

Hicat Limited

Registered number: 06445491

Abbreviated balance sheet (continued)

Directors' statements required by Sections 475(2) and (3)
for the year ended 31 March 2016

In approving these abbreviated accounts as directors of the company we hereby confirm:

(a)	that for the year stated above the company was entitled to the exemption conferred by Section 477 of the Companies Act 2006 ;
(b)	that no notice has been deposited at the registered office of the company pursuant to Section 476 requesting that an audit be conducted for the year ended 31 March 2016 ; and
(c)	that we acknowledge our responsibilities for:
	(1)	ensuring that the company keeps accounting records which comply with Section 386 ; and
	(2)	preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the year then ended in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the provisions of the Companies Act relating to financial statements, so far as applicable to the company.

These abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 and the Financial Reporting Standard for Smaller Entities (effective April 2008) relating to small companies.

The abbreviated accounts were approved by the Board on 30 December 2016 and signed on its behalf by
Mark Hill
Director

Hicat Limited

Notes to the abbreviated financial statements

for the year ended 31 March 2016

1	Accounting policies
1.1	Basis of preparation The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2	Turnover Turnover represents value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
1.3	Tangible fixed assets and depreciation Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
	Motor vehicles	25% straight line
	Equipment, fixtures and fittings	25% straight line
1.4	Stocks Stock is valued at the lower of cost and net realisable value.

4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
		£		£		£
	Cost
	At 1 April 2015	440		-		440
	At 31 March 2016	440		-		440
	Depreciation
	At 1 April 2015	28		-		28
	Charge for the year	110		-		110
	At 31 March 2016	138		-		138
	Net book value
	At 31 March 2016	302		-		302
	At 31 March 2015	412		-		412

8	Share capital	2016		2015		2016		2015
		No		No		£		£
	Allotted, called up and fully paid:
	Ordinary shares of £ 1 each	1		1		1		1

10	Controlling interest
	The controlling and ultimate controlling party is Mark Hill, the director of the company, by virtue of the fact that he/she owns 100% of the issued share capital.

11

Going concern

The directors have reviewed the twelve months ahead and have considered the company's financial position and note no material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern irrespective of the adverse balance sheet. This is considered appropriate as the directors are satisfied that the company's major creditors will not demand repayment of amounts outstanding to the detriment of other creditors.