Abbreviated Company Accounts - HEMEEMA LIMITED

02583240 HEMEEMA LIMITED 2014-05-31 false 2013-06-01 2014-05-31 true 02583240 2013-06-01 2014-05-31 02583240 2014-05-31 02583240 2013-05-31 02583240 uk-gaap-cd-bus:Director1 2013-06-01 2014-05-31 02583240 uk-gaap-cd-bus:Director2 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-31 uk-gaap-cd-bus:PreferenceShareClass1 2013-06-01 2014-05-31 uk-gaap-cd-bus:PreferenceShareClass1 2014-05-31 uk-gaap-cd-bus:PreferenceShareClass1 2013-05-31 iso4217:GBP shares

Registered Number 02583240

HEMEEMA LIMITED

Abbreviated Accounts

31 May 2014

HEMEEMA LIMITED Registered Number 02583240

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	1	1
Tangible assets	3	16,470	21,815
Investments	4	141,464	141,464
		157,935	163,280
Current assets
Stocks		68,120	46,555
Debtors		1,741,607	1,642,628
Cash at bank and in hand		201,414	182,517
		2,011,141	1,871,700
Creditors: amounts falling due within one year		(364,569)	(365,056)
Net current assets (liabilities)		1,646,572	1,506,644
Total assets less current liabilities		1,804,507	1,669,924
Provisions for liabilities		(788)	(1,298)
Total net assets (liabilities)		1,803,719	1,668,626
Capital and reserves
Called up share capital	5	102	102
Profit and loss account		1,803,617	1,668,524
Shareholders' funds		1,803,719	1,668,626

For the year ending 31 May 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 11 February 2015

And signed on their behalf by:
Mr P B Modasia, Director

HEMEEMA LIMITED Registered Number 02583240

Notes to the Abbreviated Accounts for the period ended 31 May 2014

1Accounting Policies

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

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year
and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Leasehold properties - Straight line over the life of the lease
Fixtures, fittings
and equipment - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer
equipments - 25% reducing balance

Other accounting policies
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Stock
Stock is valued at the lower of cost and net realisable value.

2Intangible fixed assets

	£
Cost
At 1 June 2013	361,900
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	361,900
Amortisation
At 1 June 2013	361,899
Charge for the year	-
On disposals	-
At 31 May 2014	361,899
Net book values
At 31 May 2014	1
At 31 May 2013	1

Goodwill
Acquired goodwill is written off in equal annual installments over its estimated useful economic life of 5 years.

3Tangible fixed assets

	£
Cost
At 1 June 2013	125,602
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	125,602
Depreciation
At 1 June 2013	103,787
Charge for the year	5,345
On disposals	-
At 31 May 2014	109,132
Net book values
At 31 May 2014	16,470
At 31 May 2013	21,815

4Fixed assets Investments
Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.
Cost
1st June 2013 141,464
31 May 2014 141,464

Net Book value
31 May 2014 141,464
31 May 2013 141,464

5Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2
100 Preference shares of £1 each	100	100