Abbreviated Company Accounts - PHIL HORNER DESIGN LIMITED

PHIL HORNER DESIGN LIMITED - Company Information

03649898 PHIL HORNER DESIGN LIMITED 2014-10-31 false 2013-11-01 2014-10-31 true 03649898 2013-11-01 2014-10-31 03649898 2014-10-31 03649898 2013-10-31 03649898 uk-gaap-cd-bus:Director1 2013-11-01 2014-10-31 03649898 uk-gaap-cd-bus:Director2 2013-11-01 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-11-01 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-31 iso4217:GBP shares

Registered Number 03649898

PHIL HORNER DESIGN LIMITED

Abbreviated Accounts

31 October 2014

PHIL HORNER DESIGN LIMITED Registered Number 03649898

Abbreviated Balance Sheet as at 31 October 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	1,833	2,313
		1,833	2,313
Current assets
Stocks		300	300
Debtors		1,971	8,435
Cash at bank and in hand		65,929	81,321
		68,200	90,056
Creditors: amounts falling due within one year		(35,628)	(15,558)
Net current assets (liabilities)		32,572	74,498
Total assets less current liabilities		34,405	76,811
Total net assets (liabilities)		34,405	76,811
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		34,403	76,809
Shareholders' funds		34,405	76,811

For the year ending 31 October 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.

Approved by the Board on 30 June 2015

And signed on their behalf by:
Mr P J Horner, Director

PHIL HORNER DESIGN LIMITED Registered Number 03649898

Notes to the Abbreviated Accounts for the period ended 31 October 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows: -

Fixtures, fittings & equipment 15% reducing balance
Motor vehicles 25% reducing balance

Valuation information and policy
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Other accounting policies
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

2Tangible fixed assets

	£
Cost
At 1 November 2013	13,588
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2014	13,588
Depreciation
At 1 November 2013	11,275
Charge for the year	480
On disposals	-
At 31 October 2014	11,755
Net book values
At 31 October 2014	1,833
At 31 October 2013	2,313

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2