Hind Consultancy Services Limited - Accounts to registrar - small 17.1
Hind Consultancy Services Limited - Accounts to registrar - small 17.1
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 December 2016 |
for |
Hind Consultancy Services Limited |
Hind Consultancy Services Limited (Registered number: 03321717) |
Contents of the Financial Statements |
for the Year Ended 31 December 2016 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Hind Consultancy Services Limited |
Company Information |
for the Year Ended 31 December 2016 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Mynshull House |
78 Churchgate |
Stockport |
Cheshire |
SK1 1YJ |
Hind Consultancy Services Limited (Registered number: 03321717) |
Balance Sheet |
31 December 2016 |
2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
Investment property | 6 |
CURRENT ASSETS |
Debtors | 7 |
Investments | 8 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 9 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 11 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 12 |
Fair value reserve | 13 |
Retained earnings | 13 |
SHAREHOLDERS' FUNDS |
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. |
Hind Consultancy Services Limited (Registered number: 03321717) |
Balance Sheet - continued |
31 December 2016 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director on |
Hind Consultancy Services Limited (Registered number: 03321717) |
Notes to the Financial Statements |
for the Year Ended 31 December 2016 |
1. | STATUTORY INFORMATION |
Hind Consultancy Services Limited is a |
The company's registered number and registered office address can be found on the Company Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax. |
Tangible fixed assets |
Plant and machinery etc | - |
Investment property |
Investment properties are initially measured at cost and subsequently measured at fair value. Changes in fair |
value are recognised in profit or loss. |
The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the |
generally accepted accounting principle set out in FRS 102. The director considers that, because investment |
properties are not held for consumption, but for their investment potential, to depreciate them would not give a |
true and fair view. |
If this departure from the Companies Act 2006 had not been made in order to give a true and fair view, the profit |
for the financial year would have been reduced by depreciation. However the amount of depreciation cannot |
reasonably be quantified, because depreciation is only one of many factors reflected in the annual valuation and |
the amount relating to the depreciation of the property cannot be separately identified. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or |
substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
Hind Consultancy Services Limited (Registered number: 03321717) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2016 |
2. | ACCOUNTING POLICIES - continued |
Pension costs and other post-retirement benefits |
The company does not operate a company pension scheme but makes contributions to a personal pension scheme |
of the director. Contributions payable for the year are charged in the profit and loss account. |
Fixed and current asset investments |
Fixed and current asset investments are stated at fair value. Changes in fair value are recognised in profit or loss. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 January 2016 |
Additions |
Disposals | ( |
) |
At 31 December 2016 |
DEPRECIATION |
At 1 January 2016 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31 December 2016 |
NET BOOK VALUE |
At 31 December 2016 |
At 31 December 2015 |
5. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST OR VALUATION |
At 1 January 2016 |
Additions |
Valuation changes |
At 31 December 2016 |
NET BOOK VALUE |
At 31 December 2016 |
At 31 December 2015 |
Hind Consultancy Services Limited (Registered number: 03321717) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2016 |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 January 2016 |
and 31 December 2016 |
NET BOOK VALUE |
At 31 December 2016 |
At 31 December 2015 |
Cost or valuation at 31 December 2016 is represented by: |
£ |
Valuation in 2016 | 395,000 |
If the investment properties had not been revalued they would have been included at the following historical |
cost: |
2016 | 2015 |
£ | £ |
Cost | 333,649 | 333,649 |
The investment properties were valued on an open market basis basis on 31 December 2016 by the director . |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Other debtors |
Directors' current accounts |
Accrued income |
8. | CURRENT ASSET INVESTMENTS |
2016 | 2015 |
£ | £ |
Listed investments |
9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Corporation tax |
VAT |
Other creditors |
Accrued expenses |
Hind Consultancy Services Limited (Registered number: 03321717) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2016 |
10. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2016 | 2015 |
£ | £ |
Within one year |
Between one and five years |
11. | PROVISIONS FOR LIABILITIES |
2016 | 2015 |
£ | £ |
Deferred tax |
Deferred |
tax |
£ |
Balance at 1 January 2016 |
Provided during year |
Balance at 31 December 2016 |
12. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
Ordinary | £1 | 2 |
13. | RESERVES |
Fair |
Retained | value |
earnings | reserve | Totals |
£ | £ | £ |
At 1 January 2016 | 443,547 |
Profit for the year |
Dividends | ( |
) | ( |
) |
Transfer from retained |
earnings | (4,442 | ) | 4,442 | - |
At 31 December 2016 | 461,575 |
Hind Consultancy Services Limited (Registered number: 03321717) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2016 |
14. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 31 December 2016 and |
31 December 2015: |
2016 | 2015 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
The loan was interest free and repayable on demand. |
15. | RELATED PARTY DISCLOSURES |
16. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |