H K CAFFREY LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2014
Company Registration No. 07731213 (England and Wales)
H K CAFFREY LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
H K CAFFREY LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2014
31 August 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
2,351
1,949
Current assets
Debtors
3,497
4,260
Cash at bank and in hand
26,073
13,180
29,570
17,440
Creditors: amounts falling due within one year
(30,380)
(18,389)
Net current liabilities
(810)
(949)
Total assets less current liabilities
1,541
1,000
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
1,539
998
Shareholders' funds
1,541
1,000
For the financial year ended 31 August 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 20 May 2015
K Caffrey
Director
Company Registration No. 07731213
H K CAFFREY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for services net of VAT and trade discounts. Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
25% reducing balance basis
2
Fixed assets
Tangible assets
£
Cost
At 1 September 2013
3,389
Additions
1,186
At 31 August 2014
4,575
Depreciation
At 1 September 2013
1,441
Charge for the year
783
At 31 August 2014
2,224
Net book value
At 31 August 2014
2,351
At 31 August 2013
1,949
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
2 ordinary shares of £1 each
2
2
H K CAFFREY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2014
- 3 -
4
Transactions with directors
Other creditors include an amount of £10,482 (2013: £5,566) in respect of directors loan accounts.
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