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REGISTERED NUMBER: 09380853 (England and Wales)










HUDDLE UTILITIES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2017






HUDDLE UTILITIES LTD (REGISTERED NUMBER: 09380853)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2017










Page

Balance Sheet 1

Notes to the Financial Statements 3


HUDDLE UTILITIES LTD (REGISTERED NUMBER: 09380853)

BALANCE SHEET
30 JUNE 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 134,390 -
Tangible assets 5 36,648 20,251
171,038 20,251

CURRENT ASSETS
Debtors 6 192,826 31,437
Cash at bank 20,560 2,472
213,386 33,909
CREDITORS
Amounts falling due within one year 7 248,280 75,965
NET CURRENT LIABILITIES (34,894 ) (42,056 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

136,144

(21,805

)

PROVISIONS FOR LIABILITIES 6,963 -
NET ASSETS/(LIABILITIES) 129,181 (21,805 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 129,180 (21,806 )
SHAREHOLDERS' FUNDS 8 129,181 (21,805 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

HUDDLE UTILITIES LTD (REGISTERED NUMBER: 09380853)

BALANCE SHEET - continued
30 JUNE 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 17 November 2017 and were signed on its behalf
by:





D Cohen - Director


HUDDLE UTILITIES LTD (REGISTERED NUMBER: 09380853)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2017


1. STATUTORY INFORMATION

Huddle Utilities Ltd is a private company, limited by shares , 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
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition intangible assets are measured at cost less
any accumulated amortisation and any accumulated impairment losses.

Development costs are amortised evenly over their expected useful life from the date that the asset is used by the
company in accordance with our depreciation policy for tangible fixed assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

HUDDLE UTILITIES LTD (REGISTERED NUMBER: 09380853)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2017


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2016 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 134,390
At 30 June 2017 134,390
NET BOOK VALUE
At 30 June 2017 134,390

The cost included above is in respect of costs incurred during the year developing a new Client Relationship
Management Application. The application should be fully operational in December 2017 and will improve our
efficiency in servicing our clients for the foreseeable future. No depreciation has has been provided on these
costs during the year

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2016 25,575
Additions 27,730
At 30 June 2017 53,305
DEPRECIATION
At 1 July 2016 5,324
Charge for year 11,333
At 30 June 2017 16,657
NET BOOK VALUE
At 30 June 2017 36,648
At 30 June 2016 20,251

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 140,686 18,694
Other debtors 52,140 12,743
192,826 31,437

HUDDLE UTILITIES LTD (REGISTERED NUMBER: 09380853)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2017


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 129,456 18,180
Taxation and social security 44,774 6,266
Other creditors 74,050 51,519
248,280 75,965

8. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
2017 2016
£    £   
Profit/(loss) for the financial year 150,986 (21,806 )
New share capital subscribed - 1
Net addition/(reduction) to shareholders' funds 150,986 (21,805 )
Opening shareholders' funds (21,805 ) -
Closing shareholders' funds 129,181 (21,805 )