Abbreviated Company Accounts - HEMEL TRADE & D.I.Y. SUPPLIES LIMITED

Abbreviated Company Accounts - HEMEL TRADE & D.I.Y. SUPPLIES LIMITED


Registered Number 06263294

HEMEL TRADE & D.I.Y. SUPPLIES LIMITED

Abbreviated Accounts

31 May 2015

HEMEL TRADE & D.I.Y. SUPPLIES LIMITED Registered Number 06263294

Abbreviated Balance Sheet as at 31 May 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 1,121 2,384
1,121 2,384
Current assets
Stocks 33,632 28,500
Debtors 15,539 24,456
Cash at bank and in hand 15,229 29,339
64,400 82,295
Creditors: amounts falling due within one year (26,888) (67,656)
Net current assets (liabilities) 37,512 14,639
Total assets less current liabilities 38,633 17,023
Total net assets (liabilities) 38,633 17,023
Capital and reserves
Called up share capital 3 1 1
Profit and loss account 38,632 17,022
Shareholders' funds 38,633 17,023
  • For the year ending 31 May 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 2 November 2015

And signed on their behalf by:
A Harvey, Director

HEMEL TRADE & D.I.Y. SUPPLIES LIMITED Registered Number 06263294

Notes to the Abbreviated Accounts for the period ended 31 May 2015

1Accounting Policies

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

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:
Plant and machinery Straight Line - 25%
Computer equipment Straight Line - 33%
Fixtures, fittings & equipment Straight Line - 25%
Motor vehicles Straight Line - 20%

2Tangible fixed assets
£
Cost
At 1 June 2014 25,957
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2015 25,957
Depreciation
At 1 June 2014 23,573
Charge for the year 1,263
On disposals -
At 31 May 2015 24,836
Net book values
At 31 May 2015 1,121
At 31 May 2014 2,384
3Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
1 Ordinary shares of £1 each 1 1