J._AND_E._HOGG_LIMITED - Accounts

J. AND E. HOGG LIMITED - Company Information

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Company Registration No. 00514891 (England and Wales)

J. AND E. HOGG LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2015

J. AND E. HOGG LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

J. AND E. HOGG LIMITED

ABBREVIATED BALANCE SHEET

AS AT

28 FEBRUARY 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

1,733

1,874

Investments

50,000

51,733

51,874

Current assets

Stocks

38,539

43,047

Debtors

42,453

45,951

Cash at bank and in hand

75,445

69,415

156,437

158,413

Creditors: amounts falling due within one year

(58,647)

(57,966)

Net current assets

97,790

100,447

Total assets less current liabilities

149,523

152,321

Capital and reserves

Called up share capital

2,455

Profit and loss account

147,068

149,866

Shareholders' funds

149,523

152,321

For the financial year ended 28 February 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 16 July 2015

Mrs E Hogg

Director

Company Registration No. 00514891

J. AND E. HOGG LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

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).

1.3

Turnover

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

1.4

Tangible fixed assets and depreciation

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

20% Reducing Balance

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 March 2014

27,952

50,000

77,952

Additions

488

Disposals

(494)

At 28 February 2015

27,946

50,000

77,946

Depreciation

At 1 March 2014

26,078

On disposals

(298)

Charge for the year

433

At 28 February 2015

26,213

Net book value

At 28 February 2015

1,733

50,000

51,733

At 28 February 2014

1,874

50,000

51,874

J. AND E. HOGG LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

2,455 Ordinary of £1 each

2,455

Related party relationships and transactions

Directors loan

The Director has provided the company with working capital in the form of an interest free loan which is repayable on demand. As at 28th February 2015, and included within 'Creditors: amounts due within one year' is a loan from the director amounting to £38,172 (2014: £34,435).

Property

The company operates from property owned personally be the Director. No rent has been paid during the year ended 28th February 2015 (2014: £458 - having ceased paying rent in March 2013).