Hargreaves & Auty Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 09002575 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 17 APRIL 2014 TO 31 MARCH 2015

FOR

HARGREAVES & AUTY LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

P S Nicholson

REGISTERED OFFICE:

Unit 3/4 Candle Factory Yard

Station Road

Otley

West Yorkshire

LS21 3HX

REGISTERED NUMBER:

09002575 (England and Wales)

ACCOUNTANTS:

Tasker Accounting Services Limited

14 Sunnybank Crescent

Yeadon

Leeds

West Yorkshire

LS19 7TE

FIXED ASSETS

Intangible assets

2

2,021

Tangible assets

3

5,593

7,614

CURRENT ASSETS

Stocks

2,854

Debtors

4,915

Cash at bank

580

8,349

CREDITORS

Amounts falling due within one year

13,495

NET CURRENT LIABILITIES

(5,146

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,468

PROVISIONS FOR LIABILITIES

474

NET ASSETS

1,994

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

1,894

SHAREHOLDERS' FUNDS

1,994

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

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

The director acknowledges his 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 director on 29 December 2015 and were signed by:

P S Nicholson - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five 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

-

25% on cost

Motor vehicles

-

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

2,500

At 31 March 2015

2,500

AMORTISATION

Amortisation for period

479

At 31 March 2015

479

NET BOOK VALUE

At 31 March 2015

2,021

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

7,355

At 31 March 2015

7,355

DEPRECIATION

Charge for period

1,762

At 31 March 2015

1,762

NET BOOK VALUE

At 31 March 2015

5,593

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.