Happy Hollydaisy Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 06813220 (England and Wales)

Abbreviated Accounts for the Year Ended 31st March 2015

for

Happy Hollydaisy Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

C P Lawson

REGISTERED OFFICE:

1-3 Manor Road

Chatham

Kent

ME4 6AE

REGISTERED NUMBER:

06813220 (England and Wales)

ACCOUNTANTS:

Beak Kemmenoe

Chartered Accountants

1-3 Manor Road

Chatham

Kent

ME4 6AE

FIXED ASSETS

Intangible assets

2

674

2,830

Tangible assets

3

4,414

5,517

5,088

8,347

CURRENT ASSETS

Stocks

1,100

1,650

Debtors

22,494

22,318

Cash at bank

5,902

5,296

29,496

29,264

CREDITORS

Amounts falling due within one year

48,832

48,093

NET CURRENT LIABILITIES

(19,336

)

(18,829

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(14,248

)

(10,482

)

CREDITORS

Amounts falling due after more than one year

65,000

65,000

NET LIABILITIES

(79,248

)

(75,482

)

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

(79,348

)

(75,582

)

SHAREHOLDERS' FUNDS

(79,248

)

(75,482

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 31st December 2015 and were signed by:

C P Lawson - 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).

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

-

20% 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.

Trademarks

The amount paid in connection with the acquisition of trademarks, is being amortised evenly over its estimated

useful life of 5 years.

Going concern

The company continues in its development phase which is wholly funded by the sole director and shareholder.

There is no intention to withdraw funding and thus the director is of the opinion that the going concern basis

continues to be applicable.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2014

and 31st March 2015

12,745

AMORTISATION

At 1st April 2014

9,915

Amortisation for year

2,156

At 31st March 2015

12,071

NET BOOK VALUE

At 31st March 2015

674

At 31st March 2014

2,830

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2014

and 31st March 2015

15,471

DEPRECIATION

At 1st April 2014

9,954

Charge for year

1,103

At 31st March 2015

11,057

NET BOOK VALUE

At 31st March 2015

4,414

At 31st March 2014

5,517

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100