For the year ended 05 April 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 07405530
Hire Design Ltd
For the year ended 05 April 2015
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
Hire Design Ltd
Accountants' Report
For the year ended 05 April 2015
In order to assist you to fulfil your duties under Companies Act
2006
,
we have prepared for your approval the
|
accounts of Hire Design Ltd for the year ended
05
April
2015
which comprise the Profit and Loss Account
,
|
the Balance Sheet and the related notes from the company
'
s accounting records and from information and
|
explanations you have given us
.
|
As a practising firm of the Association of Chartered Certified Accountants
,
we are subject to its ethical and
|
other professional requirements which are detailed at http
://
rulebook
.
accaglobal
.
com
.
|
This report is made solely to the Board of Directors of Hire Design Ltd
,
as a body
,
in accordance with the
|
terms of our engagement letter dated
16
July
2014
.
Our work has been undertaken solely to prepare for your
|
approval the accounts of Hire Design Ltd and state those matters that we have agreed to state to the Board of
|
Directors of Hire Design Ltd
,
as a body
,
in this report in accordance with the requirements of the Association
|
of Chartered Certified Accountants and as detailed at http
://
www
.
accaglobal
.
com
/
factsheet
163
.
To the fullest
|
extent permitted by law
,
we do not accept or assume responsibility to anyone other than Hire Design Ltd and
|
its Board of Directors as a body for our work or for this report
.
|
It is your duty to ensure that Hire Design Ltd has kept adequate accounting records and to prepare statutory
|
accounts that give a true and fair view of the assets
,
liabilities
,
financial position and profit of Hire Design
|
Ltd
.
You consider that Hire Design Ltd is exempt from the statutory audit requirement for the year
.
|
JLS & Co Accountants Limited
112 Gilfach Street
BARGOED
CF81 8LQ
22 October 2015
1 of 4
Notes to the Abbreviated Financial Statements
|
Hire Design Ltd
For the year ended 05 April 2015
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.
|
Proposed dividends are only included as liabilities in the financial statements when their payment has been
|
approved by the shareholders prior to the balance sheet date
.
|
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Computer Equipment
The company
'
s preference shares are treated as a financial liability since they are subject to mandatory
|
redemption for a fixed or determinable amount at a fixed or determinable time and are thus included in creditors
|
in the financial statements rather than as part of the company
'
s issued share capital
.
|
3 of 4
Notes to the Abbreviated Financial Statements
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Hire Design Ltd
For the year ended 05 April 2015
6,159
2,445
8,604
3,442
2,086
Charge for year
5,528
3,076
2,717
Mr Scott Kedward
Balance at year end
3,971
99
-
4,070
-
3,971
99
-
4,070
-
Mrs Maria Kedward
Balance at year end
3,972
99
-
4,071
-
3,972
99
-
4,071
-
4 of 4