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Financial Statements |
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for the Year Ended 31 July 2017 |
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for |
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HATS (PTS) LTD |
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REGISTERED NUMBER:
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Financial Statements |
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for the Year Ended 31 July 2017 |
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for |
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HATS (PTS) LTD |
HATS (PTS) LTD (REGISTERED NUMBER: 07368860) |
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Contents of the Financial Statements |
FOR THE YEAR ENDED 31 JULY 2017 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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HATS (PTS) LTD |
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Company Information |
FOR THE YEAR ENDED 31 JULY 2017 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Unit C2A, Comet Studios |
De Havilland Court |
Penn Street |
Amersham |
Buckinghamshire |
HP7 0PX |
HATS (PTS) LTD (REGISTERED NUMBER: 07368860) |
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Balance Sheet |
31 JULY 2017 |
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31/7/17 | 31/7/16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT (LIABILITIES)/ASSETS | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and
387 of the Companies Act 2006 and |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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HATS (PTS) LTD (REGISTERED NUMBER: 07368860) |
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Notes to the Financial Statements |
FOR THE YEAR ENDED 31 JULY 2017 |
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1. | STATUTORY INFORMATION |
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Hats (Pts) Ltd is a
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The company's registered number and registered office address can be found on the |
Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The financial statements have been prepared under the historical cost convention and in |
accordance with Financial Reporting Standard 102 ("FRS 102"), the financial reporting |
standard applicable in the United Kingdom and the Republic of Ireland and the Companies |
Act 2006. |
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This is the first time the company has adopted FRS 102 and no adjustments were required |
to comparative period: |
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The Director has assessed the company's ability to continue in operational existence for the |
foreseeable future in accordance with the FRC (going concern and liquidity risk guidance |
(October 2009). Therefore it is considered appropriate to prepare the financial statements |
on a going concern basis. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding |
discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that |
have been enacted or substantively enacted by the balance sheet date. |
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HATS (PTS) LTD (REGISTERED NUMBER: 07368860) |
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Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 JULY 2017 |
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2. | ACCOUNTING POLICIES - continued |
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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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. |
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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. |
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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 profit or loss over the relevant period. |
The capital element of the future payments is treated as a liability. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the |
company's pension scheme are charged to profit or loss in the period to which they relate. |
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Going concern |
The director has review the on going working capital of the company to ensure that there |
are sufficient resources to meet its financial liabilities to continue trading in the foreseeable |
future. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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HATS (PTS) LTD (REGISTERED NUMBER: 07368860) |
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Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 JULY 2017 |
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Motor | Computer |
fittings | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 August 2016 |
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Additions |
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At 31 July 2017 |
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DEPRECIATION |
At 1 August 2016 |
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Charge for year |
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At 31 July 2017 |
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NET BOOK VALUE |
At 31 July 2017 |
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At 31 July 2016 |
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Fixed assets, included in the above, which are held under hire purchase contracts or |
finance leases are as follows: |
Motor |
vehicles |
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COST |
Additions |
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At 31 July 2017 |
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DEPRECIATION |
Charge for year |
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At 31 July 2017 |
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NET BOOK VALUE |
At 31 July 2017 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/7/17 | 31/7/16 |
£ | £ |
Trade debtors |
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Other debtors |
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Prepayments |
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HATS (PTS) LTD (REGISTERED NUMBER: 07368860) |
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Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 JULY 2017 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/7/17 | 31/7/16 |
£ | £ |
Trade creditors |
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Tax |
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Social security and other taxes | ( |
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VAT | 27,281 | 6,766 |
Accrued expenses |
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