Ham Interiors Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 07240295 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30TH NOVEMBER 2013

FOR

HAM INTERIORS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr T P Cox

REGISTERED OFFICE:

Mercury House

19-21 Chapel Street

Marlow

Buckinghamshire

SL7 3HN

REGISTERED NUMBER:

07240295 (England and Wales)

ACCOUNTANTS:

Richardson Jones

Chartered Accountants

Mercury House

19-21 Chapel Street

Marlow

Buckinghamshire

SL7 3HN

FIXED ASSETS

Intangible assets

2

417,475

452,131

Tangible assets

3

55,599

37,217

473,074

489,348

CURRENT ASSETS

Stocks

112,062

111,416

Debtors

127,503

193,162

Cash at bank

125,069

207,184

364,634

511,762

CREDITORS

Amounts falling due within one year

4

305,012

347,883

NET CURRENT ASSETS

59,622

163,879

TOTAL ASSETS LESS CURRENT LIABILITIES

532,696

653,227

CREDITORS

Amounts falling due after more than one year

4

(283,823

)

(409,368

)

ACCRUALS AND DEFERRED INCOME

(119,693

)

(168,760

)

NET ASSETS

129,180

75,099

CAPITAL AND RESERVES

Called up share capital

5

1

1

Profit and loss account

129,179

75,098

SHAREHOLDERS' FUNDS

129,180

75,099

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 13th August 2014 and were signed by:

Mr T P Cox - Director

1.	ACCOUNTING POLICIES

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 and services excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

Plant and machinery

-

at variable rates on reducing balance

Motor vehicles

-

20% on cost

Computer equipment

-

20% on cost

Stocks

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

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st December 2012

and 30th November 2013

516,721

AMORTISATION

At 1st December 2012

64,590

Amortisation for year

34,656

At 30th November 2013

99,246

NET BOOK VALUE

At 30th November 2013

417,475

At 30th November 2012

452,131

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st December 2012

64,047

Additions

36,741

At 30th November 2013

100,788

DEPRECIATION

At 1st December 2012

26,830

Charge for year

18,359

At 30th November 2013

45,189

NET BOOK VALUE

At 30th November 2013

55,599

At 30th November 2012

37,217

4.

CREDITORS

Creditors include an amount of £ 301,000 (30.11.12 - £ 366,000 ) for which security has been given.

They also include the following debts falling due in more than five years:

30.11.13

30.11.12

£

£

Repayable by instalments

-

66,000

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.13

30.11.12

value:

£

£

1

Ordinary

£1

1

1