Hatton Anderson Associates Limited Company Accounts

COMPANY REGISTRATION NUMBER: 04606361

Hatton Anderson Associates Limited

Filleted Unaudited Financial Statements

31 March 2017

Hatton Anderson Associates Limited

Financial Statements

Year ended 31 March 2017

Contents	Page

Balance sheet	1

Notes to the financial statements	3

Hatton Anderson Associates Limited

Balance Sheet

31 March 2017

	2017		2016
Note	£	£	£

Fixed assets

Tangible assets	6		957	1,684

Current assets

Debtors	7	5,795	3,026
Cash at bank and in hand		36,164	52,296
		--------	--------
		41,959	55,322

Creditors: amounts falling due within one year	8	5,199		8,271
		--------		--------
Net current assets			36,760	47,051
			--------	--------
Total assets less current liabilities			37,717	48,735
			--------	--------
Net assets			37,717	48,735
			--------	--------

Capital and reserves

Called up share capital	9	100	100
Profit and loss account		37,617	48,635
		--------	--------
Member funds		37,717	48,735
		--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has 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 .

Hatton Anderson Associates Limited

Balance Sheet (continued)

31 March 2017

These financial statements were approved by the board of directors and authorised for issue on 26 July 2017 , and are signed on behalf of the board by:

C. F. Hatton
Director

Company registration number: 04606361

Hatton Anderson Associates Limited

Notes to the Financial Statements

Year ended 31 March 2017

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 85 Church Road, Hove, East Sussex, BN3 2BB.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements have been prepared on the historical cost basis. Transition to FRS 102 The entity transitioned from previous UK GAAP to FRS 102 as at 1 April 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 11. Revenue recognition Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows: Foreign currencies Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account. Amortisation Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	Straight line over 10 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Depreciation Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & Machinery	-	33% per annum of cost
Fixtures & Fittings	-	15% per annum of net book value

Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. Financial instruments A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year, including the director, amounted to 2 (2016: 2 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 Apr 2016 and 31 Mar 2017	25,000
	--------
Amortisation
At 1 Apr 2016 and 31 Mar 2017	25,000
	--------
Carrying amount
At 31 March 2017	–
	--------

6. Tangible assets

	Plant and machinery	Fixtures and fittings	Total
	£	£	£
Cost
At 1 Apr 2016 and 31 Mar 2017	5,536	1,352	6,888
	-------	-------	-------
Depreciation
At 1 April 2016	4,828	376	5,204
Charge for the year	581	146	727
	-------	-------	-------
At 31 March 2017	5,409	522	5,931
	-------	-------	-------
Carrying amount
At 31 March 2017	127	830	957
	-------	-------	-------
At 31 March 2016	708	976	1,684
	-------	-------	-------

7. Debtors

	2017	2016
	£	£
Trade debtors	5,587	2,622
Other debtors	208	404
	-------	-------
	5,795	3,026
	-------	-------

8. Creditors: amounts falling due within one year

	2017	2016
	£	£
Trade creditors	414	3,843
Social security and other taxes	1,477	1,227
Other creditors	3,308	3,201
	-------	-------
	5,199	8,271
	-------	-------

9. Called up share capital

Issued, called up and fully paid

	2017		2016
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

10. Related party transactions

Within creditors is £862 (2016 - £654) owed to the director.

11. Transition to FRS 102

These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 April 2015.

No transitional adjustments were required in equity or profit or loss for the year.