For the year ended 28 February 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 08421052
HM Network Ltd
For the year ended 28 February 2016
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
HM Network Ltd
Accountants' Report
For the year ended 28 February 2016
As described on the balance sheet you are responsible for the preparation of the financial statements for the year
|
ended
28
February
2016
and you consider that the company is exempt from an audit under the Companies Act
|
2006
.
|
In accordance with your instructions
,
we have compiled these unaudited financial statements in order to assist you
|
to fulfil your statutory responsibilities
,
from the accounting records and information and explanations supplied to us
.
|
C L Simpson & Co
312 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EH
1 of 4
Notes to the Abbreviated Financial Statements
|
HM Network Ltd
For the year ended 28 February 2016
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
|
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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:
|
1,700
1,700
612
218
Charge for year
830
870
1,088
3 of 4
Notes to the Abbreviated Financial Statements
|
HM Network Ltd
For the year ended 28 February 2016
Allotted called up and fully paid
|
2016
2015
100
Class A shares of £
1
.
00
each
|
100
100
100
100
4 of 4