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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31ST MAY 2018 |
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FOR |
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HAMPSHIRE & REGIONAL |
CONSULTANCY SERVICES LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31ST MAY 2018 |
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FOR |
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HAMPSHIRE & REGIONAL |
CONSULTANCY SERVICES LIMITED |
HAMPSHIRE & REGIONAL |
CONSULTANCY SERVICES LIMITED (REGISTERED NUMBER: 08154840) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MAY 2018 |
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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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Chartered Accountants' Report | 6 |
HAMPSHIRE & REGIONAL |
CONSULTANCY SERVICES LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST MAY 2018 |
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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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Chartered Accountants |
24 Park Road South |
Havant |
Hampshire |
PO9 1HB |
HAMPSHIRE & REGIONAL |
CONSULTANCY SERVICES LIMITED (REGISTERED NUMBER: 08154840) |
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BALANCE SHEET |
31ST MAY 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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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: |
(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. |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the director on
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HAMPSHIRE & REGIONAL |
CONSULTANCY SERVICES LIMITED (REGISTERED NUMBER: 08154840) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MAY 2018 |
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1. | STATUTORY INFORMATION |
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Hampshire & Regional Consultancy Services Limited is a
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England and Wales. 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 presentation currency of the financial statements is Pound Sterling (£) and is rounded to the nearest Pound |
(£). |
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The financial statements contain information about Hampshire & Regional Consultancy Services Limited as an |
individual entity. |
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Significant judgements and estimates |
The preparation of financial statements often requires the use of judgements, estimates and assumptions that |
affect the reported amounts of assets and liabilities at the date of the financial statements, and revenues and |
expenses during the reporting period. These judgements, estimates and assumptions are based on |
management's historical experience, knowledge and other factors including expectations of future events or |
actions that are believed to be reasonable under the circumstances. Actual results may differ from those |
amounts estimated. |
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In preparing these financial statements, management do not believe that they have made any critical |
judgements or used any significant estimates or assumptions in applying the company's accounting policies. |
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Turnover and revenue recognition |
Turnover is recognised to the extent that the company obtains the right to consideration in exchange for its |
performance. Revenue is measured at the fair value of the consideration received or receivable, excluding VAT. |
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Turnover represents consultancy services (excluding VAT). Income is recognised in the period in which the |
consultancy service has been provided. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Tangible fixed assets are included at cost less depreciation and impairment. |
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The asset's residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if |
appropriate. |
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Financial instruments |
Financial instruments are recognised in line with Sections 11 and 12 of FRS 102. |
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Basic financial instruments such as bank and cash loans and trade receivables and payables are initially |
recognised at transaction price, unless they constitute a financing arrangement when the transaction is |
measured at the present value of the future receipts/payments discounted at a market rate of interest. Such |
instruments are subsequently carried at amortised cost using the effective interest rate method. |
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HAMPSHIRE & REGIONAL |
CONSULTANCY SERVICES LIMITED (REGISTERED NUMBER: 08154840) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MAY 2018 |
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2. | ACCOUNTING POLICIES - continued |
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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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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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2017 - NIL). |
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1st June 2017 |
and 31st May 2018 |
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DEPRECIATION |
At 1st June 2017 |
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Charge for year |
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At 31st May 2018 |
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NET BOOK VALUE |
At 31st May 2018 |
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At 31st May 2017 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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HAMPSHIRE & REGIONAL |
CONSULTANCY SERVICES LIMITED (REGISTERED NUMBER: 08154840) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MAY 2018 |
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7. | RELATED PARTY DISCLOSURES |
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The Director |
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Dividends of £90,000 (2017: £90,000) were declared and deemed paid to the director during the period under |
review. As at the year end the company has declared dividends in excess of the distributable profits. |
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£42,639 (2017: £145,078) is due to the company from the director as at the year end. No interest is charged on |
this amount. |
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8. | GOING CONCERN |
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At 31 May 2018, the company had net liabilities of £4,246 (2017: net assets of £93,489). |
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These accounts have been prepared on the going concern basis, which is dependent on a company under |
common control. Management have confirmed that this company will continue to financially support the company |
to ensure that it can continue to operate. |
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On the basis of the above, the director considers that the going concern basis is deemed appropriate for the |
preparation of these accounts. |
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
HAMPSHIRE & REGIONAL |
CONSULTANCY SERVICES LIMITED |
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The following reproduces the text of the report prepared for the director in respect of the company's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file |
a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and |
the Report of the Director are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Hampshire & Regional Consultancy Services Limited for the year ended 31st May 2018 which |
comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's |
accounting records and from information and explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the director of Hampshire & Regional Consultancy Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hampshire & Regional Consultancy Services Limited and state those matters that we have agreed to state to the director of Hampshire & Regional Consultancy Services Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hampshire & Regional Consultancy Services Limited and its director for our work or for this report. |
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It is your duty to ensure that Hampshire & Regional Consultancy Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Hampshire & Regional Consultancy Services Limited. You consider that Hampshire & Regional Consultancy Services Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Hampshire & Regional Consultancy Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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Chartered Accountants |
24 Park Road South |
Havant |
Hampshire |
PO9 1HB |
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