Richard Hughes Racing Limited,Ltd - Accounts

Richard Hughes Racing Limited,Ltd - Accounts

RICHARD HUGHES RACING LIMITED - Company Information

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2012-11-01 true false Private Limited Company 05247804 2013-10-31 05247804 2012-11-01 2013-10-31 05247804 2012-10-31 05247804 2011-11-01 2012-10-31 05247804 uk-bus:Director1 2012-11-01 2013-10-31 05247804 uk-bus:AllOrdinaryShares 2013-10-31 iso4217:GBP
Richard Hughes Racing Limited
For the year ended 31 October 2013
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 05247804
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Contents Page
Richard Hughes Racing Limited
For the year ended 31 October 2013
1
Balance Sheet
2
Notes to the Abbreviated Financial Statements
3
Abbreviated Balance Sheet
Richard Hughes Racing Limited
As at 31 October 2013
05247804
Registered Number :
£
£
2013
Notes
2012
Current assets
Debtors
53,824
56,087
Cash at bank and in hand
226,137
97,249
282,224
151,073
Creditors: amounts falling due within one year
(62,868)
(95,800)
88,205
186,424
Net current assets
Total assets less current liabilities
186,424
88,205
Creditors: amounts falling due after more than one year
(7,053)
(11,071)
175,353
Net assets
81,152
Capital and reserves
Called up share capital
1
2
1
Profit and loss account
175,352
81,151
175,353
81,152
Shareholders funds
For the year ended 31 October 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
2) The director acknowledges his 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.
Date approved by the board: 22 July 2014
Mr Richard Hughes Director
Signed on behalf of the board of directors
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4
Notes to the Abbreviated Financial Statements
Richard Hughes Racing Limited
For the year ended 31 October 2013
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
by the shareholders prior to the balance sheet date.
2 Share capital
Allotted called up and fully paid
2013
2012
£
£
1 Ordinary shares of £1.00 each
1
1
1
1
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