HAY_ON_WYE_PROMOTIONS_LTD - Accounts

HAY-ON-WYE PROMOTIONS LIMITED - Company Information

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Company Registration No. 01029423 (England and Wales)

HAY ON WYE PROMOTIONS LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2015

HAY ON WYE PROMOTIONS LTD

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

20,975

24,827

Current assets

Stocks

5,000

6,000

Cash at bank and in hand

235,839

264,585

240,839

270,585

Creditors: amounts falling due within one year

(61,012)

(16,973)

Net current assets

179,827

253,612

Total assets less current liabilities

200,802

278,439

Capital and reserves

Called up share capital

100

Profit and loss account

200,702

278,339

Shareholders' funds

200,802

278,439

For the financial year ended 30 June 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 and authorised for issue on 2 November 2015

Mr R G W P Booth

Director

Company Registration No. 01029423

HAY ON WYE PROMOTIONS LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

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 from the sale of books 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:

Land and buildings Leasehold

at 10% per annum on cost

Fixtures, fittings & equipment

at 10% per annum straight line

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 1 July 2014 & at 30 June 2015

38,518

Depreciation

At 1 July 2014

13,691

Charge for the year

3,852

At 30 June 2015

17,543

Net book value

At 30 June 2015

20,975

At 30 June 2014

24,827

HAY ON WYE PROMOTIONS LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary of £1 each

100