Abbreviated Company Accounts - HILDITCH & KEY LIMITED

Abbreviated Company Accounts - HILDITCH & KEY LIMITED

HILDITCH & KEY LIMITED - Company Information

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Registered Number 00924034

HILDITCH & KEY LIMITED

Abbreviated Accounts

28 February 2015

HILDITCH & KEY LIMITED Registered Number 00924034

Abbreviated Balance Sheet as at 28 February 2015

Notes 2015 2014
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets 2 1 1
Tangible assets 3 73,748 113,317
Investments 4 1,426,856 1,426,856
1,500,605 1,540,174
Current assets
Stocks 1,718,932 1,217,044
Debtors 369,098 309,466
Investments - -
Cash at bank and in hand 6,743 428,813
2,094,773 1,955,323
Prepayments and accrued income - -
Creditors: amounts falling due within one year (2,892,809) (2,389,721)
Net current assets (liabilities) (798,036) (434,398)
Total assets less current liabilities 702,569 1,105,776
Creditors: amounts falling due after more than one year 0 0
Provisions for liabilities (19,635) (20,815)
Accruals and deferred income 0 0
Total net assets (liabilities) 682,934 1,084,961
Capital and reserves
Called up share capital 5 9,964 9,964
Profit and loss account 672,970 1,074,997
Shareholders' funds 682,934 1,084,961
  • For the year ending 28 February 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 27 November 2015

And signed on their behalf by:
M.J.Booth, Director

HILDITCH & KEY LIMITED Registered Number 00924034

Notes to the Abbreviated Accounts for the period ended 28 February 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts chargeable to customers, net of value added tax, in respect of the sale of goods and services.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets at the following annual rates so as to write off the cost or valuation, less any estimated residual value, over their estimated economic lives. 15% reducing balance basis, 100%, 10% and 4 % straight line basis.

Intangible assets amortisation policy
Intangible fixed assets are amortised at the following annual rates, goodwill, written off on a straight line basis over the estimated useful economic life, other assets, fully written off in the year of acquisition.

Other accounting policies
Stock is valued at the lower of cost or estimated realisable value.

2Intangible fixed assets
£
Cost
At 1 March 2014 94,374
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 28 February 2015 94,374
Amortisation
At 1 March 2014 94,373
Charge for the year 0
On disposals 0
At 28 February 2015 94,373
Net book values
At 28 February 2015 1
At 28 February 2014 1
3Tangible fixed assets
£
Cost
At 1 March 2014 1,388,865
Additions 18,861
Disposals 0
Revaluations 0
Transfers 0
At 28 February 2015 1,407,726
Depreciation
At 1 March 2014 1,275,548
Charge for the year 58,430
On disposals 0
At 28 February 2015 1,333,978
Net book values
At 28 February 2015 73,748
At 28 February 2014 113,317

4Fixed assets Investments
Fixed asset investments are stated at cost less estimated write offs at the year end date.

5Called Up Share Capital
Allotted, called up and fully paid:
2015
£		 2014
£
9,964 Ordinary shares of £1 each 9,964 9,964