Company Registration No. 07855582 (England and Wales)
HYDROLOGIC SERVICES (UK) LIMITED
UNAUDITED ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2015
HYDROLOGIC SERVICES (UK) LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
HYDROLOGIC SERVICES (UK) LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2015
31 August 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
3,500
4,000
Tangible assets
2
9,293
12,122
12,793
16,122
Current assets
Stocks
335
1,080
Debtors
55,112
45,142
Cash at bank and in hand
861
2,423
56,308
48,645
Creditors: amounts falling due within one year
(92,820)
(88,160)
Net current liabilities
(36,512)
(39,515)
Total assets less current liabilities
(23,719)
(23,393)
Creditors: amounts falling due after more than one year
3
-
(1,347)
Provisions for liabilities
(844)
(931)
(24,563)
(25,671)
Capital and reserves
Called up share capital
4
100
100
Profit and loss account
(24,663)
(25,771)
Shareholders' funds
(24,563)
(25,671)
HYDROLOGIC SERVICES (UK) LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 AUGUST 2015
31 August 2015
- 2 -
For the financial year ended 31 August 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 8 April 2016
Simon Udvarlaky
Director
Company Registration No. 07855582
HYDROLOGIC SERVICES (UK) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2015
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
The company's business activities, together with the factors likely to affect its future development, performance and position have been examined. The financial position of the company, its cash flows, liquidity position and borrowing facilities have been reviewed by the director.
After making enquiries the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For these reasons, he continues to adopt the going concern basis of accounting in preparing the annual financial statements.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.
Where a contract is only partially completed at the balance sheet date turnover represents the value of the services provided to date based on a proportion of the total expected consideration at completion.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
15% straight line method
Fixtures, fittings & equipment
15% straight line method
Motor vehicles
25% reducing balance method
1.6
Stock and work in progress
Stock and work in progress are valued at the lower of cost and net realisable value.
1.7
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
HYDROLOGIC SERVICES (UK) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2015
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 September 2014
5,000
19,050
24,050
Additions
-
2,742
2,742
Disposals
-
(3,430)
(3,430)
At 31 August 2015
5,000
18,362
23,362
Depreciation
At 1 September 2014
1,000
6,928
7,928
On disposals
-
(600)
(600)
Charge for the year
500
2,741
3,241
At 31 August 2015
1,500
9,069
10,569
Net book value
At 31 August 2015
3,500
9,293
12,793
At 31 August 2014
4,000
12,122
16,122
3
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £- (2014 - £4,582).
4
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100