Hooksgreen Herbs Limited - Limited company - abbreviated - 11.0.0

HOOKSGREEN HERBS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M J L Dickson

Mrs S R Dickson

T D L Dickson

SECRETARY:

M J L Dickson

REGISTERED OFFICE:

Hooks Green Farm

Oulton Heath

Stone

Staffordshire

ST15 8TN

REGISTERED NUMBER:

02897495

ACCOUNTANTS:

Ballard Dale Syree Watson LLP

Chartered Accountants

Kingswood Road

Hampton Lovett

Droitwich Spa

Worcestershire

WR9 0QH

FIXED ASSETS

Tangible assets

2

8,751

6,694

CURRENT ASSETS

Stocks

7,350

6,730

Prepayments and accrued income

238

682

Cash at bank

9,928

3,455

17,516

10,867

CREDITORS

Amounts falling due within one year

61,865

45,082

NET CURRENT LIABILITIES

(44,349

)

(34,215

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(35,598

)

(27,521

)

CAPITAL AND RESERVES

Called up share capital

3

3

3

Profit and loss account

(35,601

)

(27,524

)

SHAREHOLDERS' FUNDS

(35,598

)

(27,521

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 15 September 2014 and were signed on its behalf by:

M J L Dickson - 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 net invoiced sales of goods, excluding value added tax.

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

-

15% on reducing balance

Computer equipment and IT

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Greenhouses and tunnels

-

15% on reducing balance

Stocks

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

obsolete and slow moving items.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

21,942

Additions

3,921

At 31 December 2013

25,863

DEPRECIATION

At 1 January 2013

15,248

Charge for year

1,864

At 31 December 2013

17,112

NET BOOK VALUE

At 31 December 2013

8,751

At 31 December 2012

6,694

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

1

Ordinary A

£1

1

1

1

Ordinary B

£1

1

1

1

Ordinary C

£1

1

1

3

3

4.	GOING CONCERN BASIS

The financial statements have been prepared on a going concern basis. At 31 December 2013 the

company had a deficit of current assets with current liabilities of £44,349. The directors confirm their

support of the company during the next twelve months.