Hallyards Ltd - Period Ending 2015-03-31

Registration number: 08425726

Hallyards Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

Atkinson Saul Fairholm Limited
21A Newland
Lincoln
LN1 1XP

Hallyards Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Hallyards Ltd
(Registration number: 08425726)
Abbreviated Balance Sheet at 31 March 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			198,345			102,670
Current assets
Cash at bank and in hand					57,905			50,870
Creditors: Amounts falling due within one year					(236,977)			(142,975)
Net current liabilities					(179,072)			(92,105)
Net assets					19,273			10,565
Capital and reserves
Called up share capital		3			420			420
Profit and loss account					18,853			10,145
Shareholders' funds					19,273			10,565

For the year ending 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 31 December 2015 and signed on its behalf by:

.........................................
A J Todd
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Hallyards Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Land and buildings	Subject to impairrment review
Fixtures, fittings and equipment	20% reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2014		103,156			103,156
Additions		96,080			96,080
At 31 March 2015		199,236			199,236
Depreciation
At 1 April 2014		486			486
Charge for the year		405			405
At 31 March 2015		891			891
Net book value
At 31 March 2015		198,345			198,345
At 31 March 2014		102,670			102,670

Page 2

Hallyards Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary A of £1 each		110			110			110			110
Ordinary B of £1 each		110			110			110			110
Ordinary C of £1 each		100			100			100			100
Ordinary D of £1 each		100			100			100			100
		420			420			420			420

Page 3