HC Squared Limited - Filleted accounts

HC Squared Limited - Filleted accounts

H C SQUARED LIMITED - Company Information

Print Friendly Version

HC Squared Limited
Registered number: 08431475
Balance Sheet
as at 31 March 2017
Notes 2017 2016
£ £
Fixed assets
Tangible assets 2 85 2,479
Current assets
Debtors 3 5,595 5,921
Cash at bank and in hand 3,546 4,609
9,141 10,530
Creditors: amounts falling due within one year 4 (11,017) (21,017)
Net current liabilities (1,876) (10,487)
Net liabilities (1,791) (8,008)
Capital and reserves
Called up share capital 2 2
Profit and loss account (1,793) (8,010)
Shareholders' funds (1,791) (8,008)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P W Hill
Director
Approved by the board on 18 July 2017
HC Squared Limited
Notes to the Accounts
for the year ended 31 March 2017
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
2 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2016 9,577
At 31 March 2017 9,577
Depreciation
At 1 April 2016 7,098
Charge for the year 2,394
At 31 March 2017 9,492
Net book value
At 31 March 2017 85
At 31 March 2016 2,479
3 Debtors 2017 2016
£ £
VAT recoverable 1,357 32
Other debtors 4,238 5,889
5,595 5,921
4 Creditors: amounts falling due within one year 2017 2016
£ £
Other creditors 11,017 21,017
5 Related party transactions
P W Hill, director and shareholder

Interest free loan

Amount due to the related party (4,628) (9,628)




R Harding, director and shareholder


Interest free loan

Amount due to the related party (4,889) (9,889)
6 Controlling party
P W Hill and R Harding each hold 50% of the issued share capital of the company, and therefore it is considered that there is no ultimate controlling party.
7 Other information
HC Squared Limited is a private company limited by shares and incorporated in England. Its registered office is:
7a Coombe Road
New Malden
KT3 4PX
HC Squared Limited 08431475 false 2016-04-01 2017-03-31 2017-03-31 VT Final Accounts March 2017 P W Hill No description of principal activity 08431475 core:WithinOneYear 2016-03-31 08431475 core:ShareCapital 2016-03-31 08431475 core:RetainedEarningsAccumulatedLosses 2016-03-31 08431475 2016-04-01 2017-03-31 08431475 bus:PrivateLimitedCompanyLtd 2016-04-01 2017-03-31 08431475 bus:AuditExempt-NoAccountantsReport 2016-04-01 2017-03-31 08431475 bus:Director40 2016-04-01 2017-03-31 08431475 core:PlantMachinery 2016-04-01 2017-03-31 08431475 countries:England 2016-04-01 2017-03-31 08431475 bus:FRS102 2016-04-01 2017-03-31 08431475 bus:FullAccounts 2016-04-01 2017-03-31 08431475 2017-03-31 08431475 core:WithinOneYear 2017-03-31 08431475 core:ShareCapital 2017-03-31 08431475 core:RetainedEarningsAccumulatedLosses 2017-03-31 08431475 core:PlantMachinery 2017-03-31 08431475 2016-03-31 08431475 core:PlantMachinery 2016-03-31 iso4217:GBP