HALL_&_DEBNEY_LTD - Accounts

HALL & DEBNEY LIMITED - Company Information

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Company Registration No. 00686244 (England and Wales)

HALL & DEBNEY LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

HALL & DEBNEY LTD

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

HALL & DEBNEY LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

607,833

622,026

Current assets

Stocks

365,608

348,527

Debtors

75,051

78,312

Cash at bank and in hand

96,710

15,464

537,369

442,303

Creditors: amounts falling due within one year

(189,034)

(157,509)

Net current assets

348,335

284,794

Total assets less current liabilities

956,168

906,820

Creditors: amounts falling due after more than one year

(5,514)

(16,261)

Provisions for liabilities

(8,212)

(9,353)

942,442

881,206

Capital and reserves

Called up share capital

1,000

Revaluation reserve

141,498

Profit and loss account

799,944

738,708

Shareholders' funds

942,442

881,206

HALL & DEBNEY LTD

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2015

- 2 -

For the financial year ended 31 March 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 for issue on 4 December 2015

Mrs S E McWilliam

Miss K E Hall

Director

Company Registration No. 00686244

HALL & DEBNEY LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Freehold buildings

over 50 years

Launderette equipment

15% per annum on the reducing balance method

Equipment

20% per annum on the reducing balance method / 25% and 4% per annum on the straight line method

Motor vehicles

25% per annum on the reducing balance method

The company has followed the transitional provisions of FRS 15 and has not updated the valuation of freehold land and buildings which were last revalued on 10 January 1999.

1.5

Stock

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

Fixed assets

Intangible assets

Tangible assets

Total

Cost or valuation

At 1 April 2014 & at 31 March 2015

33,250

824,654

857,904

Depreciation

At 1 April 2014

33,250

202,627

235,877

Charge for the year

14,194

At 31 March 2015

33,250

216,821

250,071

Net book value

At 31 March 2015

607,833

At 31 March 2014

622,026

HALL & DEBNEY LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 4 -

Share capital

2015

2014

Allotted, called up and fully paid

1,000 Ordinary shares of £1 each

1,000