HATS BY JANINE LTD

HATS BY JANINE LTD

HATS BY JANINE LTD - Company Information

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HATS BY JANINE LTD

Company Registration Number:
10808102 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2018

Period of accounts

Start date: 07 June 2017

End date: 30 June 2018

HATS BY JANINE LTD

Contents of the Financial Statements

for the Period Ended 30 June 2018

Balance sheet
Notes

HATS BY JANINE LTD

Balance sheet

As at 30 June 2018


Notes
13 months to 30 June 2018


£
Fixed assets
Tangible assets: 3 1,293
Total fixed assets: 1,293
Current assets
Stocks: 13,080
Debtors:   3,125
Cash at bank and in hand: 1,491
Total current assets: 17,696
Creditors: amounts falling due within one year: 4 (30,495)
Net current assets (liabilities): (12,799)
Total assets less current liabilities: (11,506)
Total net assets (liabilities): (11,506)
Capital and reserves
Called up share capital: 500
Profit and loss account: (12,006)
Shareholders funds: (11,506)

The notes form part of these financial statements

HATS BY JANINE LTD

Balance sheet statements

For the year ending 30 June 2018 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 05 March 2019
and signed on behalf of the board by:

Name: Ms J Cowell
Status: Director

The notes form part of these financial statements

HATS BY JANINE LTD

Notes to the Financial Statements

for the Period Ended 30 June 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulated depreciation. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life as follows:Plant and machinery over 5 years

Other accounting policies

StocksStocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs are determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the revenue is recognised.

HATS BY JANINE LTD

Notes to the Financial Statements

for the Period Ended 30 June 2018

2. Employees

13 months to 30 June 2018
Average number of employees during the period 2

HATS BY JANINE LTD

Notes to the Financial Statements

for the Period Ended 30 June 2018

3. Tangible Assets

Total
Cost £
Additions 1,616
At 30 June 2018 1,616
Depreciation
Charge for year 323
At 30 June 2018 323
Net book value
At 30 June 2018 1,293

HATS BY JANINE LTD

Notes to the Financial Statements

for the Period Ended 30 June 2018

4. Creditors: amounts falling due within one year note

Trade creditors 848Taxation and social security 614Other creditors 29,033Total 30,495