Hubwalk Limited - Period Ending 2015-08-31

Registration number: 03163847

Hubwalk Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2015
 

Hubwalk Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Hubwalk Limited
(Registration number: 03163847)
Abbreviated Balance Sheet at 31 August 2015

		Note			2015 £			2014 £
Current assets
Cash at bank and in hand					17,498			18,237
Creditors: Amounts falling due within one year					(4,919)			(5,257)
Total assets less current liabilities					12,579			12,980
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					12,577			12,978
Shareholders' funds					12,579			12,980

For the year ending 31 August 2015 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 22 October 2015 and signed on its behalf by:

.........................................
H A Daw
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Hubwalk Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable in respect of nursery educational services to customers.

Government grants

Grants are recognised in the period that they are received.

Depreciation

Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives using the following rates:

Asset class	Depreciation method and rate
Plant and machinery	20% straight line basis
Fixtures and fittings	33.33% straight line basis

Deferred tax

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Hubwalk Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 September 2014		4,708			4,708
At 31 August 2015		4,708			4,708
Depreciation
At 1 September 2014		4,708			4,708
At 31 August 2015		4,708			4,708
Net book value
At 31 August 2015		-			-
At 31 August 2014		-			-

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		2			2			2			2

Page 3