Company Registration No. 05548532 (England and Wales)
HCR Systems Limited
Unaudited accounts
for the year ended 31 August 2017
HCR Systems Limited
Unaudited accounts
Contents
HCR Systems Limited
Company Information
for the year ended 31 August 2017
Company Number
05548532 (England and Wales)
Registered Office
UNIT 22 MELTON ENTERPRISE PARK, REDCLIFF
NORTH FERRIBY
MELTON
HU14 3RS
Accountants
Northfield Business Services Limited
107 Boothferry Road
Hessle
East Yorkshire
HU13 9BA
HCR Systems Limited
Statement of financial position
as at
31 August 2017
Tangible assets
650,445
656,753
Inventories
165,206
119,569
Investments
288,067
303,154
Cash at bank and in hand
375,119
279,469
Creditors: amounts falling due within one year
(187,793)
(287,700)
Net current assets
723,041
514,298
Total assets less current liabilities
1,373,486
1,171,051
Creditors: amounts falling due after more than one year
(54,738)
(64,996)
Provisions for liabilities
Deferred tax
(7,336)
(8,598)
Net assets
1,311,412
1,097,457
Called up share capital
10,000
10,000
Profit and loss account
1,301,412
1,087,457
Shareholders' funds
1,311,412
1,097,457
For the year ending 31 August 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 24 October 2017.
Shaun Roberts
Director
Company Registration No. 05548532
HCR Systems Limited
Notes to the Accounts
for the year ended 31 August 2017
HCR Systems Limited is a private company, limited by shares, registered in England and Wales, registration number 05548532. The registered office is UNIT 22 MELTON ENTERPRISE PARK, REDCLIFF, NORTH FERRIBY, MELTON, HU14 3RS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 August 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line
Fixtures & fittings
20% Straight Line
Computer equipment
20% Straight Line
HCR Systems Limited
Notes to the Accounts
for the year ended 31 August 2017
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 September 2016
613,762
64,334
32,564
21,123
731,783
Additions
-
1,838
4,212
1,443
7,493
At 31 August 2017
613,762
66,172
36,776
22,566
739,276
At 1 September 2016
-
33,732
24,327
16,971
75,030
Charge for the year
-
8,000
4,034
1,767
13,801
At 31 August 2017
-
41,732
28,361
18,738
88,831
At 31 August 2017
613,762
24,440
8,415
3,828
650,445
At 31 August 2016
613,762
30,602
8,237
4,152
656,753
Finished goods
165,206
119,569
Trade debtors
73,043
89,727
Accrued income and prepayments
9,399
10,079
7
Investments held as current assets
2017
2016
Unlisted investments
288,067
303,154
8
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
11,883
11,883
Trade creditors
65,995
120,197
Taxes and social security
95,055
91,042
Loans from directors
12,310
22,928
9
Creditors: amounts falling due after more than one year
2017
2016
HCR Systems Limited
Notes to the Accounts
for the year ended 31 August 2017
10
Share capital
2017
2016
Allotted, called up and fully paid:
10,000 Ordinary shares of £1 each
10,000
10,000
11
Average number of employees
During the year the average number of employees was 7 (2016: 6).