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Registration number: 07554146

Hexagon Business Centres Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

 

Hexagon Business Centres Limited
Contents

Accountants' Report

1

Abbreviated Balance Sheet

2

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 2016

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 2016 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

21 October 2016

 

Hexagon Business Centres Limited
(Registration number: 07554146)
Abbreviated Balance Sheet at 31 March 2016

 

Note

   

2016
£

   

2015
£

 

Fixed assets

 

   

   

 

Tangible fixed assets

 

2

   

7,265

   

10,912

 

Current assets

 

   

   

 

Debtors

 

   

32,565

   

27,903

 

Cash at bank and in hand

 

   

29,250

   

48,186

 

 

   

61,815

   

76,089

 

Creditors: Amounts falling due within one year

 

   

(67,069)

   

(67,099)

 

Net current (liabilities)/assets

 

   

(5,254)

   

8,990

 

Total assets less current liabilities

 

   

2,011

   

19,902

 

Provisions for liabilities

 

   

(1,086)

   

(1,448)

 

Net assets

 

   

925

   

18,454

 

Capital and reserves

 

   

   

 

Called up share capital

 

3

   

110

   

110

 

Profit and loss account

 

   

815

   

18,344

 

Shareholders' funds

 

   

925

   

18,454

 

For the year ending 31 March 2016 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 20 October 2016 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 2016
......... 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 January 2015).

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 improvements

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 2015

 

25,917

   

25,917

 

At 31 March 2016

 

25,917

   

25,917

 

Depreciation

           

At 1 April 2015

 

15,005

   

15,005

 

Charge for the year

 

3,647

   

3,647

 

At 31 March 2016

 

18,652

   

18,652

 

Net book value

           

At 31 March 2016

 

7,265

   

7,265

 

At 31 March 2015

 

10,912

   

10,912

 
 

Hexagon Business Centres Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

3

Share capital

Allotted, called up and fully paid shares

 

2016

2015

   

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