HOUSEWARE LTD - Accounts 2014


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 30/11/2014

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		3



The company's registered number is 07479360


Registered Number: 07479360

BALANCE SHEET AT 30/11/2014

			2014		2013
	Notes		£		£

FIXED ASSETS
Tangible assets	2		7,695		5,289

CURRENT ASSETS
Stock		146,077		11,520
Debtors (amounts falling due within one year)		7,124		4,250
Cash at bank and in hand		1,392		13,161
		154,593		28,931
CREDITORS: Amounts falling due within one year		139,448		8,617
NET CURRENT ASSETS			15,145		20,314
TOTAL ASSETS LESS CURRENT LIABILITIES			22,840		25,603


CREDITORS: Amounts falling due after more than one year	3		15,502		18,876

NET ASSETS			7,338		6,727

CAPITAL AND RESERVES

Called up share capital	4		100		100
Profit and loss account			7,238		6,627
SHAREHOLDERS' FUNDS			7,338		6,727

For the year ending 30/11/2014 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 09/01/2015 and signed on their behalf by




Alexander Matyas
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).




1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective April 2008).




1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Commercial Vehicles		reducing balance 33%
Equipment		reducing balance 33%




1d. Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.




1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.




3. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2014	2013
	£	£
Bank loans and overdrafts	15,502	18,876
	15,502	18,876




4. SHARE CAPITAL	2014	2013
	£	£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each	100	100
	100	100




5. TRANSACTIONS WITH DIRECTORS
During the year, certain loans were advanced by J. Matyas, one of the directors, to the company. The loan is interest free and repayable on demand. At the year end, the balance due to Mr. Matyas totalled £7,698 (2013: £953).