Hogarth Fine Art Lighting Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 07471531 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

Hogarth Fine Art Lighting Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

T P Griffiths

Mrs C M Griffiths

REGISTERED OFFICE:

Sherwood House

41 Queens Road

Farnborough

Hants

GU14 6JP

REGISTERED NUMBER:

07471531 (England and Wales)

ACCOUNTANTS:

Jones & Co

Sherwood House

41 Queens Road

Farnborough

Hants

GU14 6JP

FIXED ASSETS

Tangible assets

2

4,166

5,555

CURRENT ASSETS

Stocks

1,870

2,300

Debtors

86,111

62,050

Cash at bank

42,129

32,576

130,110

96,926

CREDITORS

Amounts falling due within one year

103,714

99,600

NET CURRENT ASSETS/(LIABILITIES)

26,396

(2,674

)

TOTAL ASSETS LESS CURRENT LIABILITIES

30,562

2,881

CAPITAL AND RESERVES

Called up share capital

3

250

250

Profit and loss account

30,312

2,631

SHAREHOLDERS' FUNDS

30,562

2,881

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 14 December 2015 and were signed on its behalf by:

T P Griffiths - 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.

Income is recognised when goods are dispatched.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Office equipment

-

25% 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.

Deferred tax

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

date since the amount is not material.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

11,566

DEPRECIATION

At 1 April 2014

6,011

Charge for year

1,389

At 31 March 2015

7,400

NET BOOK VALUE

At 31 March 2015

4,166

At 31 March 2014

5,555

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

100

Ordinary

£1

100

100

150

Ordinary A, B, & C

£1

150

150

250

250

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2015 and 31 March 2014:

31.3.15

31.3.14

£

£

Mrs C M Griffiths and T P Griffiths

Balance outstanding at start of year

57,040

30,472

Amounts advanced

-

184,879

Amounts repaid

-

(158,311

)

Balance outstanding at end of year

-

57,040