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Abbreviated Unaudited Accounts |
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for the Year Ended 31 May 2016 |
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for |
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Hilite Highway Control Specialists Ltd |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 31 May 2016 |
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for |
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Hilite Highway Control Specialists Ltd |
Hilite Highway Control Specialists Ltd (Registered number: 04685908) |
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Contents of the Abbreviated Accounts |
for the Year Ended 31 May 2016 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
Hilite Highway Control Specialists Ltd |
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Company Information |
for the Year Ended 31 May 2016 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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BANKERS: |
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Hilite Highway Control Specialists Ltd (Registered number: 04685908) |
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Abbreviated Balance Sheet |
31 May 2016 |
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31.5.16 | 31.5.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 4 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
4 |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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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. |
Hilite Highway Control Specialists Ltd (Registered number: 04685908) |
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Abbreviated Balance Sheet - continued |
31 May 2016 |
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The financial statements were approved by the director on
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Hilite Highway Control Specialists Ltd (Registered number: 04685908) |
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Notes to the Abbreviated Accounts |
for the Year Ended 31 May 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover |
Turnover represents net invoiced services provided, excluding value added tax. |
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Goodwill |
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Tangible fixed assets |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
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The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
capital element of the future payments is treated as a liability. |
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Revenue recognition |
Revenue is recognised under an exchange transaction with a customer when, and to the extent that, the company |
receives a right to consideration from its performance. |
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Part completed contracts at the year-end that fulfil the criteria are included in these financial statements based on |
their fair value of the right to consideration at the balance sheet date. The value is included in debtors as |
Amounts recoverable on contract. |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 June 2015 |
and 31 May 2016 |
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AMORTISATION |
At 1 June 2015 |
and 31 May 2016 |
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NET BOOK VALUE |
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At 31 May 2016 |
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At 31 May 2015 |
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Hilite Highway Control Specialists Ltd (Registered number: 04685908) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 May 2016 |
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3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 June 2015 |
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Additions |
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Disposals | ( |
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At 31 May 2016 |
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DEPRECIATION |
At 1 June 2015 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 May 2016 |
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NET BOOK VALUE |
At 31 May 2016 |
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At 31 May 2015 |
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4. | CREDITORS |
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Creditors include an amount of £
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.5.16 | 31.5.15 |
value: | £ | £ |
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Ordinary | £1 |
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6. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 31 May 2016 and |
31 May 2015: |
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31.5.16 | 31.5.15 |
£ | £ |
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Balance outstanding at start of year | ( |
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Amounts advanced |
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Amounts repaid | ( |
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Balance outstanding at end of year | ( |
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This amount is interest free and repayable on demand. |