The Hip Haberdasher Limited - Limited company - abbreviated - 11.6

The Hip Haberdasher Limited - Limited company - abbreviated - 11.6

THE HIP HABERDASHER LIMITED - Company Information

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REGISTERED NUMBER: 04463180 (England and Wales)











Abbreviated Unaudited Accounts

for the Year Ended 31 January 2015

for

The Hip Haberdasher Limited

The Hip Haberdasher Limited (Registered number: 04463180)






Contents of the Abbreviated Accounts
for the Year Ended 31 January 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

The Hip Haberdasher Limited

Company Information
for the Year Ended 31 January 2015







DIRECTORS: Mrs A Lewis
Mr R T Lewis





SECRETARY: Mr R T Lewis





REGISTERED OFFICE: The Glades
Festival Way
Festival Park
Stoke on Trent
ST1 5SQ





REGISTERED NUMBER: 04463180 (England and Wales)





Page 1
The Hip Haberdasher Limited (Registered number: 04463180)

Abbreviated Balance Sheet
31 January 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 24,800 37,200
Tangible assets 3 26,753 17,065
51,553 54,265

CURRENT ASSETS
Stocks 118,499 100,231
Debtors 47,094 49,104
Cash at bank and in hand 7,655 3,863
173,248 153,198
CREDITORS
Amounts falling due within one year 113,382 96,208
NET CURRENT ASSETS 59,866 56,990
TOTAL ASSETS LESS CURRENT
LIABILITIES
111,419
111,255

CAPITAL AND RESERVES
Called up share capital 4 182,000 182,000
Profit and loss account (70,581 ) (70,745 )
SHAREHOLDERS' FUNDS 111,419 111,255

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2015 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 notes form part of these abbreviated accounts

Page 2 continued...
The Hip Haberdasher Limited (Registered number: 04463180)

Abbreviated Balance Sheet - continued
31 January 2015


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 3 June 2015 and were signed on its
behalf by:




Mrs A Lewis - Director



Mr R T Lewis - Director


The notes form part of these abbreviated accounts

Page 3
The Hip Haberdasher Limited (Registered number: 04463180)

Notes to the Abbreviated Accounts
for the Year Ended 31 January 2015

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on the assumption that the company is able to carry
on business as a going concern, which the directors consider appropriate having regard to the
company's current and expected performance.

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 is stated net of VAT and trade discounts. Turnover from the sale of goods is recognised
when the goods are physically delivered to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

Other intangible assets
A trademark was purchased in the year and is being amortised evenly over its estimated useful life
of 5 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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Website - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

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.

Page 4 continued...
The Hip Haberdasher Limited (Registered number: 04463180)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 January 2015

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2014
and 31 January 2015 62,000
AMORTISATION
At 1 February 2014 24,800
Amortisation for year 12,400
At 31 January 2015 37,200
NET BOOK VALUE

At 31 January 2015 24,800
At 31 January 2014 37,200

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2014 21,582
Additions 20,230
Disposals (2,101 )
At 31 January 2015 39,711
DEPRECIATION
At 1 February 2014 4,517
Charge for year 9,138
Eliminated on disposal (697 )
At 31 January 2015 12,958
NET BOOK VALUE
At 31 January 2015 26,753
At 31 January 2014 17,065

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
182,000 Ordinary £1 182,000 182,000

Page 5