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Registration number: 05699835

Human After All Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 December 2016

 

Human After All Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Abridged Financial Statements

4 to 6

 

Human After All Limited

Company Information

Directors

PJ Willoughby

DB Miller

RJ Longworth

Registered office

Unit 10
Stamford Works
Gillett Street
London
N16 8JH

Accountants

Valued
92 Viewpoint
Derwentside Business Park
Consett
County Durham
DH8 6BN

 

Human After All Limited

(Registration number: 05699835)
Abridged Balance Sheet as at 31 December 2016

Note

2016
£

2015
£

Fixed assets

 

Tangible assets

4

17,822

14,742

Current assets

 

Debtors

195,466

168,556

Cash at bank and in hand

 

401

252,187

 

195,867

420,743

Creditors: Amounts falling due within one year

(151,026)

(355,740)

Net current assets

 

44,841

65,003

Total assets less current liabilities

 

62,663

79,745

Provisions for liabilities

(3,097)

-

Accruals and deferred income

 

(1,250)

(18,737)

Net assets

 

58,316

61,008

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

58,216

60,908

Total equity

 

58,316

61,008

For the financial year ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

 

Human After All Limited

(Registration number: 05699835)
Abridged Balance Sheet as at 31 December 2016

Approved and authorised by the Board on 28 September 2017 and signed on its behalf by:
 

.........................................
DB Miller
Director

   
 

Human After All Limited

Notes to the Abridged Financial Statements for the Year Ended 31 December 2016

1

General information

The company is a private company limited by share capital incorporated in England & Wales.

The address of its registered office is:
Unit 10
Stamford Works
Gillett Street
London
N16 8JH

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

20% Reducing Balance

Leasehold Improvements

20% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Human After All Limited

Notes to the Abridged Financial Statements for the Year Ended 31 December 2016

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 17 (2015 - 15).

 

Human After All Limited

Notes to the Abridged Financial Statements for the Year Ended 31 December 2016

4

Tangible assets

Total
£

Cost or valuation

At 1 January 2016

38,514

Additions

6,362

At 31 December 2016

44,876

Depreciation

At 1 January 2016

23,772

Charge for the year

3,282

At 31 December 2016

27,054

Carrying amount

At 31 December 2016

17,822

At 31 December 2015

14,742

Included within the net book value of land and buildings above is £2,497 (2015 - £Nil) in respect of short leasehold land and buildings.