Company Registration number 06706535
HEMLEY INTERNATIONAL LTD
Abbreviated Accounts
For the year ended 30 September 2014
HEMLEY INTERNATIONAL LTD
Financial statements for the year ended 30 September 2014
Contents
Pages
Balance sheet
1
Notes to the financial statements
2-3
HEMLEY INTERNATIONAL LTD
Abbreviated balance sheet as at 30 September 2014
2014
2013
Notes
£
£
£
£
£
£
Fixed assets
Tangible assets
48,487
48,415
2
Current assets
Debtors
26,521
17,577
Cash at bank and in hand
13,113
4,349
39,634
21,926
Creditors:
amounts falling due within one year
(43,485)
(45,242)
Net current liabilities
(3,851)
(23,316)
Total assets less current liabilities
44,636
25,099
Creditors: amounts falling due after more than one
year
(48,000)
(48,000)
3
(3,364)
(22,901)
Capital and reserves
Called up share capital
1,000
1,000
4
Deficit on profit and loss account
(4,364)
(23,901)
Shareholder's funds
(3,364)
(22,901)
These accounts have been prepared in accordance with the provisions available to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective April 2008).
For the financial year ended 30 September 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and if its profit or loss for the 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 accounts, so far as applicable to the company.
Approved by the board of directors on 9 September 2015 and signed on its behalf.
__________________________ Sharon Hemley - Director
Company Registration No: 06706535
The notes on pages 2 to 3 form part of these financial statements.
1
HEMLEY INTERNATIONAL LTD
Notes to the abbreviated accounts for the year ended 30 September 2014
1
Accounting policies
a)
Basis of accounting
The financial statements are prepared on the historical cost basis of accounting and have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
The company has taken advantage of the exemption, conferred by Financial Reporting Standard 1, from presenting a cash flow statement as it qualifies as a small company.
b)
Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.
c)
Depreciation of tangible fixed assets
Depreciation is provided on all tangible fixed assets at rates calculated to write off the full cost or valuation less estimated residual value of each asset over its estimated useful life. The principal rates in use are:
Leasehold property
Not currently depreciated
Motor vehicles
25% reducing balance
Equipment, fixtures and fittings
25% reducing balance
d)
Hire purchase and lease transactions
Rentals under operating leases are charged to the profit and loss account as they fall due.
2
Fixed assets
Tangible
fixed
assets
£
£
£
Cost:
At 1 October 2013
51,581
Additions
960
At 30 September 2014
52,541
Depreciation:
At 1 October 2013
3,166
Provision for the year
888
At 30 September 2014
4,054
Net book value:
At 30 September 2014
48,487
At 30 September 2013
48,415
3
Creditors: amounts falling due after more than one year
2014
2013
£
£
£
£
£
£
Debenture loan
48,000
48,000
2
HEMLEY INTERNATIONAL LTD
Notes to the abbreviated accounts for the year ended 30 September 2014
(continued)
4
Called-up share capital
2014
2013
£
£
£
£
£
£
Allotted, called up and fully paid
Equity shares:
Ordinary shares of £1 each
1,000
1,000
3
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