Horti Gifts Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08060594 (England and Wales)

HORTI GIFTS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED

30TH SEPTEMBER 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

to

4

DIRECTORS:

B P Barber

A P W Barber

REGISTERED OFFICE:

Unit 4

Quarry Farm

Bodiam

East Sussex

TN32 5RA

REGISTERED NUMBER:

08060594 (England and Wales)

ACCOUNTANTS:

Gibbons Mannington & Phipps LLP

Chartered Accountants

20 Eversley Road

Bexhill-on-Sea

East Sussex

TN40 1HE

FIXED ASSETS

Tangible assets

2

4,019

545

CURRENT ASSETS

Stocks

5,899

5,444

Debtors

9,776

17,471

Cash at bank and in hand

4,225

20,154

19,900

43,069

CREDITORS

Amounts falling due within one year

32,151

46,429

NET CURRENT LIABILITIES

(12,251

)

(3,360

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(8,232

)

(2,815

)

PROVISIONS FOR LIABILITIES

804

109

NET LIABILITIES

(9,036

)

(2,924

)

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

(9,136

)

(3,024

)

SHAREHOLDERS' FUNDS

(9,036

)

(2,924

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 25th June 2015 and were signed on its behalf by:

A P W Barber - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts have been prepared on a going concern basis in accordance with the note to the

accounts.

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line

basis over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st October 2013

818

Additions

5,129

At 30th September 2014

5,947

DEPRECIATION

At 1st October 2013

273

Charge for year

1,655

At 30th September 2014

1,928

NET BOOK VALUE

At 30th September 2014

4,019

At 30th September 2013

545

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100

4.	GOING CONCERN