Abbreviated Company Accounts - HYDER LIVING LIMITED

Abbreviated Company Accounts - HYDER LIVING LIMITED

TITUS BEDDING LIMITED - Company Information

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Registered Number 07509799

HYDER LIVING LIMITED

Abbreviated Accounts

31 May 2014

HYDER LIVING LIMITED Registered Number 07509799

Abbreviated Balance Sheet as at 31 May 2014

Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 61,000 73,000
Tangible assets 3 73,113 93,085
134,113 166,085
Current assets
Stocks 505,050 552,701
Debtors 921,620 713,889
Cash at bank and in hand 1,099 1,114
1,427,769 1,267,704
Creditors: amounts falling due within one year 4 (1,445,749) (1,407,403)
Net current assets (liabilities) (17,980) (139,699)
Total assets less current liabilities 116,133 26,386
Creditors: amounts falling due after more than one year 4 (1,392) (15,247)
Total net assets (liabilities) 114,741 11,139
Capital and reserves
Called up share capital 5 200,000 200,000
Profit and loss account (85,259) (188,861)
Shareholders' funds 114,741 11,139
  • 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 27 February 2015

And signed on their behalf by:
Zahoor Hyder, Director

HYDER LIVING LIMITED Registered Number 07509799

Notes to the Abbreviated Accounts for the period ended 31 May 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 amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the costs less estimated residual value of each asses over its expected useful life, as follows:
Plant & Machinery 15% reducing balance
Fixtures, fittings & equipment 15% reducing balance
Motor vehicles 25% reducing balance

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual installments over its useful economic life

Other accounting policies
Foreign currency translation : Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to the profit & loss account.

2Intangible fixed assets
£
Cost
At 1 June 2013 100,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2014 100,000
Amortisation
At 1 June 2013 27,000
Charge for the year 12,000
On disposals -
At 31 May 2014 39,000
Net book values
At 31 May 2014 61,000
At 31 May 2013 73,000
3Tangible fixed assets
£
Cost
At 1 June 2013 145,997
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2014 145,997
Depreciation
At 1 June 2013 52,912
Charge for the year 19,972
On disposals -
At 31 May 2014 72,884
Net book values
At 31 May 2014 73,113
At 31 May 2013 93,085
4Creditors
2014
£		 2013
£
Secured Debts 15,246 26,556
5Called Up Share Capital
Allotted, called up and fully paid:
2014
£		 2013
£
200,000 Ordinary shares of £1 each 200,000 200,000

The ultimate parent company is Hyder Corporation Limited, a company registered in England and Wales.