HSW_HOLDINGS_LIMITED - Accounts

H S W HOLDINGS LIMITED - Company Information

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Company Registration No. 03299397 (England and Wales)

HSW HOLDINGS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

HSW HOLDINGS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

HSW HOLDINGS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

104,500

Current assets

Stocks

54,452

Debtors

2,797

795,080

Cash at bank and in hand

183,520

68,829

240,769

863,909

Creditors: amounts falling due within one year

(159,264)

(727,385)

Net current assets

81,505

136,524

Total assets less current liabilities

186,005

241,024

Creditors: amounts falling due after more than one year

(1,000,000)

(813,995)

(758,976)

Capital and reserves

Called up share capital

1,000

Profit and loss account

(814,995)

(759,976)

Shareholders' funds

(813,995)

(758,976)

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 14 December 2015

J Kapadia

Director

Company Registration No. 03299397

HSW HOLDINGS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 2 -

Accounting policies

1.1

Accounting convention

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

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

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land 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 Freehold

Plant and machinery

25% written down value

Fixed assets

Tangible assets

Cost

At 1 April 2014 & at 31 March 2015

104,768

Depreciation

At 1 April 2014 & at 31 March 2015

268

Net book value

At 31 March 2015

104,500

At 31 March 2014

104,500

Share capital

2015

2014

Allotted, called up and fully paid

1,000 Ordinary Shares of £1 each

1,000