Richard Hughes Racing Limited,Ltd - Accounts

Richard Hughes Racing Limited,Ltd - Accounts

RICHARD HUGHES RACING LIMITED - Company Information

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2013-11-01 true false Private Limited Company 05247804 2014-10-31 05247804 2013-11-01 2014-10-31 05247804 2013-10-31 05247804 2012-11-01 2013-10-31 05247804 uk-bus:Director1 2013-11-01 2014-10-31 05247804 uk-bus:AllOrdinaryShares 2014-10-31 iso4217:GBP
Richard Hughes Racing Limited
For the year ended 31 October 2014
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 2014
1
Balance Sheet
2
Notes to the Abbreviated Financial Statements
3
Abbreviated Balance Sheet
Richard Hughes Racing Limited
As at 31 October 2014
05247804
Registered Number :
£
£
2014
Notes
2013
Current assets
Debtors
56,087
63,292
Cash at bank and in hand
367,441
226,137
430,733
282,224
Creditors: amounts falling due within one year
(95,800)
(103,587)
186,424
327,146
Net current assets
Total assets less current liabilities
327,146
186,424
Creditors: amounts falling due after more than one year
(11,071)
(22,826)
304,320
Net assets
175,353
Capital and reserves
Called up share capital
1
2
1
Profit and loss account
304,319
175,352
304,320
175,353
Shareholders funds
For the year ended 31 October 2014 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: 30 June 2015
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 2014
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
2014
2013
£
£
1 Ordinary shares of £1.00 each
1
1
1
1
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