Hexagon Business Centres Limited - Period Ending 2014-03-31

Hexagon Business Centres Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2014

Hexagon Business Centres Limited
Contents

Accountants' Report

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Hexagon Business Centres Limited
for the Year Ended 31 March 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Hexagon Business Centres Limited for the year ended 31 March 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Hexagon Business Centres Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Hexagon Business Centres Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hexagon Business Centres Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Hexagon Business Centres Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Hexagon Business Centres Limited. You consider that Hexagon Business Centres Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Hexagon Business Centres Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Morgan Cameron Limited
Chartered Accountants
9 Thorney Leys Park
Witney
Oxfordshire
OX28 4GE

6 August 2014

Page 1

Hexagon Business Centres Limited
(Registration number: 07554146)
Abbreviated Balance Sheet at 31 March 2014

	Note	2014 £	2013 £
Fixed assets
Tangible fixed assets	2	14,224	17,945
Current assets
Debtors		23,120	25,206
Cash at bank and in hand		124,639	58,707
		147,759	83,913
Creditors: Amounts falling due within one year		(90,003)	(72,740)
Net current assets		57,756	11,173
Total assets less current liabilities		71,980	29,118
Provisions for liabilities		(1,744)	(2,121)
Net assets		70,236	26,997
Capital and reserves
Called up share capital	3	110	110
Profit and loss account		70,126	26,887
Shareholders' funds		70,236	26,997

For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 5 August 2014 and signed on its behalf by:

.........................................
B Cross
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Hexagon Business Centres Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the provision of office space and related services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimate residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	25% reducing balance
Short leasehold building	20% straight line basis

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 April 2013	24,080	24,080
Additions	1,021	1,021
At 31 March 2014	25,101	25,101
Depreciation
At 1 April 2013	6,135	6,135
Charge for the year	4,742	4,742
At 31 March 2014	10,877	10,877
Net book value
At 31 March 2014	14,224	14,224
At 31 March 2013	17,945	17,945

Page 3

Hexagon Business Centres Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2014			2013
		No.	£		No.	£
Ordinary shares of £1 each		100	100		100	100
Ordinary B shares of £1 each		10	10		10	10
		110	110		110	110

Page 4