Caseware UK (AP4) 2016.0.208 2016.0.208 2018-02-282018-02-28The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalseActivities of insurance agents and brokersfalse2017-03-01 06494528 2017-03-01 2018-02-28 06494528 2016-03-01 2017-02-28 06494528 2018-02-28 06494528 2017-02-28 06494528 c:Director1 2017-03-01 2018-02-28 06494528 d:OfficeEquipment 2017-03-01 2018-02-28 06494528 d:OfficeEquipment 2018-02-28 06494528 d:OfficeEquipment 2017-02-28 06494528 d:OfficeEquipment d:OwnedOrFreeholdAssets 2017-03-01 2018-02-28 06494528 d:CurrentFinancialInstruments 2018-02-28 06494528 d:CurrentFinancialInstruments 2017-02-28 06494528 d:CurrentFinancialInstruments d:WithinOneYear 2018-02-28 06494528 d:CurrentFinancialInstruments d:WithinOneYear 2017-02-28 06494528 d:UKTax 2017-03-01 2018-02-28 06494528 d:UKTax 2016-03-01 2017-02-28 06494528 d:ShareCapital 2018-02-28 06494528 d:ShareCapital 2017-02-28 06494528 d:RetainedEarningsAccumulatedLosses 2018-02-28 06494528 d:RetainedEarningsAccumulatedLosses 2017-02-28 06494528 c:FRS102 2017-03-01 2018-02-28 06494528 c:AuditExempt-NoAccountantsReport 2017-03-01 2018-02-28 06494528 c:FullAccounts 2017-03-01 2018-02-28 06494528 c:PrivateLimitedCompanyLtd 2017-03-01 2018-02-28 iso4217:GBP xbrli:pure

Registered number: 06494528









HABAKKUK LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2018

 
HABAKKUK LIMITED
REGISTERED NUMBER: 06494528

BALANCE SHEET
AS AT 28 FEBRUARY 2018

2018
2017
Note
£
£

Fixed assets
  

Tangible assets
 5 
-
117

  
-
117

Current assets
  

Debtors: amounts falling due within one year
 6 
2,100
2,100

Cash at bank and in hand
 7 
4,705
8,256

  
6,805
10,356

Creditors: amounts falling due within one year
 8 
(3,367)
(3,162)

Net current assets
  
 
 
3,438
 
 
7,194

Total assets less current liabilities
  
3,438
7,311

  

Net assets
  
3,438
7,311


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
3,338
7,211

  
3,438
7,311


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.




 
Page 1

 
HABAKKUK LIMITED
REGISTERED NUMBER: 06494528
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2018


The financial statements were approved and authorised for issue by the board and were signed on its behalf
on 12 November 2018.




C Mayor Esq
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
HABAKKUK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2018

1.


General information

Habakkuk Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is Charles Lake House, Claire Causeway, Crossways Business Park, Dartford, Kent, DA2 6QA. The company's principal activity during the year was that of activities of insurance agents and brokers. 

2.Accounting policies

 
2.1

Basis of preparation of 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 the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the 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. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated 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.

Page 3

 
HABAKKUK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2018

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

Office equipment
-
3 year straight line

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.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of comprehensive income.

 
2.4

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Taxation

Tax is recognised in the Statement of comprehensive income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.8

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 at an annual general meeting.

Page 4

 
HABAKKUK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2018

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2017 - 2).


4.


Taxation


2018
2017
£
£

Corporation tax


Current tax on profits for the year
1,571
2,352


Total current tax
1,571
2,352

Factors affecting tax charge for the year

There were no factors that affected the tax charge for the year which has been calculated on the profits on ordinary activities before tax at the standard rate of corporation tax in the UK of  19% (2017 - 20%).



Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 5

 
HABAKKUK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2018

5.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 March 2017
1,390



At 28th February 2018

1,390



Depreciation


At 1 March 2017
1,273


Charge for the year on owned assets
117



At 28th February 2018

1,390



Net book value



At 28th February 2018
-



At 28th February 2017
117

Page 6

 
HABAKKUK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2018

6.


Debtors

2018
2017
£
£


Other debtors
2,000
2,000

Called up share capital not paid
100
100

2,100
2,100



7.


Cash and cash equivalents

2018
2017
£
£

Cash at bank and in hand
4,705
8,256

4,705
8,256



8.


Creditors: Amounts falling due within one year

2018
2017
£
£

Corporation tax
1,571
2,352

Other creditors
536
-

Accruals and deferred income
1,260
810

3,367
3,162



9.


Share capital

2018
2017
£
£
Allotted, called up and fully paid



100 (2017 - 100) Ordinary shares of £1.00 each
100
100



10.


Related party transactions

Included within other creditors due within one year is an amount of £536 (2017: £Nil) owed to a director of the company.

 
Page 7