Abbreviated Company Accounts - HALF PENNY ACCOUNTANTS LIMITED

SPRING FINANCIAL SERVICES LIMITED - Company Information

04182243 HALF PENNY ACCOUNTANTS LIMITED 2014-04-30 false 2013-05-01 2014-04-30 true 04182243 2013-05-01 2014-04-30 04182243 2014-04-30 04182243 2013-04-30 04182243 uk-gaap-cd-bus:Director1 2013-05-01 2014-04-30 04182243 uk-gaap-cd-bus:Director2 2013-05-01 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-01 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-30 uk-gaap-cd-bus:PreferenceShareClass1 2013-05-01 2014-04-30 uk-gaap-cd-bus:PreferenceShareClass1 2014-04-30 uk-gaap-cd-bus:PreferenceShareClass1 2013-04-30 iso4217:GBP shares

Registered Number 04182243

HALF PENNY ACCOUNTANTS LIMITED

Abbreviated Accounts

30 April 2014

HALF PENNY ACCOUNTANTS LIMITED Registered Number 04182243

Abbreviated Balance Sheet as at 30 April 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	43,767	48,067
Tangible assets	3	9,820	12,894
		53,587	60,961
Current assets
Stocks		17,565	17,390
Debtors		91,501	131,190
Cash at bank and in hand		5,154	81
		114,220	148,661
Creditors: amounts falling due within one year		(133,045)	(160,730)
Net current assets (liabilities)		(18,825)	(12,069)
Total assets less current liabilities		34,762	48,892
Creditors: amounts falling due after more than one year		(8,161)	(20,822)
Total net assets (liabilities)		26,601	28,070
Capital and reserves
Called up share capital	4	15,100	15,100
Profit and loss account		11,501	12,970
Shareholders' funds		26,601	28,070

For the year ending 30 April 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 30 January 2015

And signed on their behalf by:
S J Yeomans, Director

HALF PENNY ACCOUNTANTS LIMITED Registered Number 04182243

Notes to the Abbreviated Accounts for the period ended 30 April 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sale of services excluding VAT

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Office Equipment - 50% on cost
Motor Vehicles - 25% on reducing balance

Intangible assets amortisation policy
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of 20 years

2Intangible fixed assets

	£
Cost
At 1 May 2013	86,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2014	86,000
Amortisation
At 1 May 2013	37,933
Charge for the year	4,300
On disposals	-
At 30 April 2014	42,233
Net book values
At 30 April 2014	43,767
At 30 April 2013	48,067

3Tangible fixed assets

	£
Cost
At 1 May 2013	21,214
Additions	1,639
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2014	22,853
Depreciation
At 1 May 2013	8,320
Charge for the year	4,713
On disposals	-
At 30 April 2014	13,033
Net book values
At 30 April 2014	9,820
At 30 April 2013	12,894

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100
15,000 Preference shares of £1 each	15,000	15,000