REGISTERED NUMBER: |
Linda Hill Limited |
Unaudited Financial Statements for the Year Ended 30 April 2018 |
REGISTERED NUMBER: |
Linda Hill Limited |
Unaudited Financial Statements for the Year Ended 30 April 2018 |
Linda Hill Limited (Registered number: 06211129) |
Contents of the Financial Statements |
for the Year Ended 30 April 2018 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Linda Hill Limited |
Company Information |
for the Year Ended 30 April 2018 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
Linda Hill Limited (Registered number: 06211129) |
Balance Sheet |
30 April 2018 |
30.4.18 | 30.4.17 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
The director acknowledges her responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
The financial statements were approved by the director on |
Linda Hill Limited (Registered number: 06211129) |
Notes to the Financial Statements |
for the Year Ended 30 April 2018 |
1. | STATUTORY INFORMATION |
Linda Hill Limited is a private company, limited by shares and registered in England and Wales. The company's registered number and |
registered office address can be found on the Company Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies |
and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and |
Republic of Ireland ("FRS 102") and the Companies Act 2006. The presentational and functional currency of these financial statements is |
sterling. All amounts in the financial statements have been rounded to the nearest £1. |
Going concern |
The company's financial statements have been prepared on a going concern basis on the grounds that current and future sources of funding or |
support will be more than adequate for the company's needs. In assessing going concern, the director has a reasonable expectation that the |
company will continue as a going concern and is able to meet all of its obligations as they fall due for a minimum of 12 months from the date |
of approval of these financial statements. |
Turnover |
Revenue is recognised to the extent that it is probable economic benefits will flow to the company and the revenue can be reliably measured. |
Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other |
sales taxes. |
Revenue from an agreement to provide beauty therapists is recognised in the period in which the services are provided. |
Interest receivable and payable |
Interest income and interest payable are recognised in profit or loss as they accrue, using the effective interest method. |
Tangible fixed assets |
Tangible fixed assets are stated at historical cost less accumulated depreciation and any impairment losses. Historical cost includes |
expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the |
manner intended by management. |
Depreciation is charged to profit or loss on the following bases- |
- Computer equipment - 25% per year on a reducing balance basis. |
- Fixtures and fittings - 25% per year on a reducing balance basis. |
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an |
indication of a significant change since the last reporting date. |
Repairs and maintenance costs are charged to profit or loss during the period in which they are incurred. |
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. |
At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount |
of the asset is determined, which is the higher of its fair value less costs to sell and its value in use. Any impairment loss is recognised |
immediately as an expense within the profit or loss. |
Basic financial instruments |
Trade and other debtors / creditors |
Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Trade and other creditors are |
recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised |
cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing |
transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments |
discounted at a market rate of interest for a similar debt instrument. |
Impairment of financial assets |
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of |
impairment. If objective evidence of impairment is found an impairment loss is recognised within profit or loss. |
For financial assets that are measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying |
amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. |
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount |
and the best estimate of the amount that the company would receive for the asset if it were to be sold at the balance sheet date. |
Pensions |
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company |
pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The |
contributions are recognised as an expense in profit or loss in the periods during which services are rendered by employees. |
Linda Hill Limited (Registered number: 06211129) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2018 |
2. | ACCOUNTING POLICIES - continued |
Dividends |
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity |
dividends are recognised when approved by the shareholders. |
3. | STAFF NUMBERS |
The average number of employees during the year was |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 May 2017 |
and 30 April 2018 |
AMORTISATION |
At 1 May 2017 |
and 30 April 2018 |
NET BOOK VALUE |
At 30 April 2018 |
At 30 April 2017 |
5. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 May 2017 |
Additions |
At 30 April 2018 |
DEPRECIATION |
At 1 May 2017 |
Charge for year |
At 30 April 2018 |
NET BOOK VALUE |
At 30 April 2018 |
At 30 April 2017 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.18 | 30.4.17 |
£ | £ |
Trade debtors |
Other debtors |
Prepayments and accrued income |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.18 | 30.4.17 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Corporation tax |
Social security and other taxes |
Other creditors |
Accruals and deferred income |
Linda Hill Limited (Registered number: 06211129) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2018 |
8. | RELATED PARTY TRANSACTIONS |
During the year the company made loans to a director of £2,533 (2017: £4,816) and received repayments of £1,887 (2017: £5,004). As at 30 |
April 2018 Linda Hill Limited was owed £8,639 (2017: £7,993) by the director. All balances attract a nil rate of interest, and are repayable |
on demand. |