Registration number:
HD Card Services Limited
for the Year Ended 31 December 2018
1 Pavilion Square
Westhoughton
Bolton
BL5 3AJ
HD Card Services Limited
Contents
Company Information |
|
Balance Sheet |
|
Notes to the Financial Statements |
HD Card Services Limited
Company Information
Director |
Mr M Sahanek |
Registered office |
|
Accountants |
|
Page 1 |
HD Card Services Limited
(Registration number: 08701677)
Balance Sheet as at 31 December 2018
Note |
2018 |
(Amended) 2017 |
|
Current assets |
|||
Cash at bank and in hand |
|
|
|
Creditors: Amounts falling due within one year |
( |
( |
|
Net liabilities |
( |
( |
|
Capital and reserves |
|||
Called up share capital |
|
|
|
Profit and loss account |
( |
( |
|
Total equity |
( |
( |
For the financial year ending 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
|
• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
.........................................
Director
Page 2 |
HD Card Services Limited
Notes to the Financial Statements for the Year Ended 31 December 2018
General information |
The company is a private company limited by share capital, incorporated in Engalnd and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Going concern
At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance from the shareholders that they will continue to give financial support to the company for twelve months from the date of signing these accounts.
On this basis, the directors consider it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above may not be forthcoming, the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise. The accounts do not include any adjustments to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.
Page 3 |
HD Card Services Limited
Notes to the Financial Statements for the Year Ended 31 December 2018
Prior period adjustments
A prior year adjustment has been recognised after it was found that the intercompany loan account was significantly overstated at 31 December 2017. It was also noted that the trade debtor and trade creditor balances were no longer recoverable or payable at that date and also that the figure for cash and bank was overstated. The effect on the reported performance for 2017 was to reduce the reported loss by £14,358 and reduce overall net liabilities by £209,486 with £195,128 being reflected in the opening net liabilities at 1 January 2017.
Debtors |
2018 |
(Amended) 2017 |
|
- |
- |
Creditors |
Creditors: amounts falling due within one year
Note |
2018 |
(Amended) 2017 |
|
Due within one year |
|||
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
|
|
Accruals and deferred income |
|
|
|
|
|
Page 4 |