HALCOL_LTD - Accounts

HALCOL LIMITED - Company Information

Print Friendly Version

Company Registration No. 06379724 (England and Wales)

HALCOL LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

HALCOL LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

HALCOL LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Intangible assets

23,302

32,322

Tangible assets

283

377

23,585

32,699

Current assets

Debtors

8,512

8,510

Cash at bank and in hand

1,768

1,913

10,280

10,423

Creditors: amounts falling due within one year

(81,232)

(82,836)

Net current liabilities

(70,952)

(72,413)

Total assets less current liabilities

(47,367)

(39,714)

Capital and reserves

Called up share capital

Profit and loss account

(47,369)

(39,716)

Shareholders' funds

(47,367)

(39,714)

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 and authorised for issue on 23 December 2015

Mrs E Collins

Director

Company Registration No. 06379724

HALCOL LTD

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.

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

Turnover

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

1.4

Goodwill

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

1.5

Tangible fixed assets and depreciation

Tangible fixed assets 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:

Fixtures, fittings & equipment

25% reducing balance

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 April 2014 & at 31 March 2015

90,200

3,029

93,229

Depreciation

At 1 April 2014

57,878

2,652

60,530

Charge for the year

9,020

9,114

At 31 March 2015

66,898

2,746

69,644

Net book value

At 31 March 2015

23,302

283

23,585

At 31 March 2014

32,322

377

32,699

HALCOL LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

2 of £1 each