Hwylfan Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 04571161 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

HWYLFAN LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S A Crisp

Mrs W Crisp

SECRETARY:

Mrs W Crisp

REGISTERED OFFICE:

Christ Church

Bangor Street

Caernarfon

Gwynedd

LL55 1AR

REGISTERED NUMBER:

04571161 (England and Wales)

ACCOUNTANTS:

Williams Denton Cyf

Chartered Certified Accountants

Glaslyn Ffordd Y Parc

Parc Menai

Bangor

Gwynedd

LL57 4FE

FIXED ASSETS

Intangible assets

2

4,500

6,000

Tangible assets

3

2,208

745

6,708

6,745

CURRENT ASSETS

Stocks

1,450

1,400

Debtors

14,089

14,289

Cash at bank and in hand

52,313

45,758

67,852

61,447

CREDITORS

Amounts falling due within one year

(30,105

)

(18,300

)

NET CURRENT ASSETS

37,747

43,147

TOTAL ASSETS LESS CURRENT LIABILITIES

44,455

49,892

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

44,355

49,792

SHAREHOLDERS' FUNDS

44,455

49,892

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 30 November 2015 and were signed on its behalf by:

S A Crisp - Director

Mrs W Crisp - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 takings, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

10% on cost

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

15,000

AMORTISATION

At 1 April 2014

9,000

Amortisation for year

1,500

At 31 March 2015

10,500

NET BOOK VALUE

At 31 March 2015

4,500

At 31 March 2014

6,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

86,535

Additions

1,930

At 31 March 2015

88,465

DEPRECIATION

At 1 April 2014

85,790

Charge for year

467

At 31 March 2015

86,257

NET BOOK VALUE

At 31 March 2015

2,208

At 31 March 2014

745

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

100

Ordinary

£1

100

100