|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
Report of the Directors and |
|
Unaudited Financial Statements for the Year Ended 30 June 2017 |
|
for |
|
Havex Limited |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
Report of the Directors and |
|
Unaudited Financial Statements for the Year Ended 30 June 2017 |
|
for |
|
Havex Limited |
Havex Limited (Registered number: 08557653) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Year Ended 30 June 2017 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Report of the Directors | 2 |
|
Income Statement | 3 |
|
Balance Sheet | 4 |
|
Notes to the Financial Statements | 6 |
|
Havex Limited |
|
Company Information |
for the Year Ended 30 June 2017 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
First Floor |
15a Hill Avenue |
Amersham |
Buckinghamshire |
HP6 5BD |
Havex Limited (Registered number: 08557653) |
|
Report of the Directors |
for the Year Ended 30 June 2017 |
|
The directors present their report with the financial statements of the company for the year ended 30 June 2017. |
|
PRINCIPAL ACTIVITY |
The principal activity of the company in the year under review was that of export and import of general goods in the UK |
and overseas. |
|
DIVIDENDS |
No dividends will be distributed for the year ended 30 June 2017. |
|
DIRECTORS |
The directors shown below have held office during the whole of the period from 1 July 2016 to the date of this report. |
|
|
|
|
Other changes in directors holding office are as follows: |
|
|
|
STATEMENT OF DIRECTORS' RESPONSIBILITIES |
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with |
applicable law and regulations. |
|
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors |
have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting |
Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not |
approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the |
company and of the profit or loss of the company for that period. In preparing these financial statements, the directors |
are required to: |
|
- | select suitable accounting policies and then apply them consistently; |
- | make judgements and accounting estimates that are reasonable and prudent; |
|
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the |
company's transactions and disclose with reasonable accuracy at any time the financial position of the company and |
enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for |
safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud |
and other irregularities. |
|
ON BEHALF OF THE BOARD: |
|
|
|
|
|
|
|
|
|
Havex Limited (Registered number: 08557653) |
|
Income Statement |
for the Year Ended 30 June 2017 |
|
30.6.17 | 30.6.16 |
Notes | £ | £ |
|
TURNOVER |
|
|
|
Cost of sales |
|
|
GROSS (LOSS)/PROFIT | ( |
) |
|
|
Administrative expenses |
|
|
OPERATING LOSS | 3 | ( |
) | ( |
) |
|
Interest receivable and similar income |
|
|
(4,297 | ) | (1,937 | ) |
|
Interest payable and similar expenses | 4 |
|
|
LOSS BEFORE TAXATION | ( |
) | ( |
) |
|
Tax on loss |
|
|
LOSS FOR THE FINANCIAL YEAR | ( |
) | ( |
) |
Havex Limited (Registered number: 08557653) |
|
Balance Sheet |
30 June 2017 |
|
30.6.17 | 30.6.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
|
|
Investments | 6 |
|
|
|
|
|
CURRENT ASSETS |
Stocks | 7 |
|
|
Debtors | 8 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 9 |
|
|
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
) |
|
|
CREDITORS |
Amounts falling due after more than one
year |
10 |
|
|
NET LIABILITIES | ( |
) | ( |
) |
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
|
|
|
|
|
The directors acknowledge their 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. |
Havex Limited (Registered number: 08557653) |
|
Balance Sheet - continued |
30 June 2017 |
|
|
|
|
The financial statements were approved by the Board of Directors on
|
|
|
|
|
|
|
|
Havex Limited (Registered number: 08557653) |
|
Notes to the Financial Statements |
for the Year Ended 30 June 2017 |
|
1. | STATUTORY INFORMATION |
|
Havex Limited is a
|
registered number and registered office address can be found on the Company Information page. |
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
The accounts have been prepared under the going concern convention which assumes the continuing support of |
the company directors. |
|
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
|
Tangible fixed assets |
|
Plant and machinery | - |
|
|
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
|
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. |
|
Current or deferred taxation assets and liabilities are not discounted. |
|
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. |
|
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
|
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. |
|
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. |
|
3. | OPERATING LOSS |
|
The operating loss is stated after charging: |
|
30.6.17 | 30.6.16 |
£ | £ |
Depreciation - owned assets |
|
|
Havex Limited (Registered number: 08557653) |
|
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2017 |
|
4. | INTEREST PAYABLE AND SIMILAR EXPENSES |
30.6.17 | 30.6.16 |
£ | £ |
Loan interest |
|
|
|
5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
£ |
COST |
At 1 July 2016 |
and 30 June 2017 |
|
DEPRECIATION |
At 1 July 2016 |
|
Charge for year |
|
At 30 June 2017 |
|
NET BOOK VALUE |
At 30 June 2017 |
|
At 30 June 2016 |
|
|
6. | FIXED ASSET INVESTMENTS |
|
Investments (neither listed nor unlisted) were as follows: |
30.6.17 | 30.6.16 |
£ | £ |
Investment in Nigerian Pig Farm | 2,275 | 2,275 |
|
7. | STOCKS |
30.6.17 | 30.6.16 |
£ | £ |
Finished goods |
|
|
|
8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.17 | 30.6.16 |
£ | £ |
Directors' current accounts | - | 1,300 |
|
9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.17 | 30.6.16 |
£ | £ |
Other loans |
|
|
Other creditors |
|
|
Directors' current accounts | 60,459 | - |
|
|
Havex Limited (Registered number: 08557653) |
|
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2017 |
|
10. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
30.6.17 | 30.6.16 |
£ | £ |
Other loans | - | 32,500 |
|
11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
|
The following advances and credits to directors subsisted during the years ended 30 June 2017 and |
30 June 2016: |
|
30.6.17 | 30.6.16 |
£ | £ |
|
Balance outstanding at start of year |
|
|
Amounts advanced |
|
|
Amounts repaid | ( |
) |
|
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
|
|
|
|
Balance outstanding at start of year |
|
|
Amounts advanced |
|
|
Amounts repaid | ( |
) |
|
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
|
|