Karon Hampson Ltd - Period Ending 2015-04-30

Registration number: 05682654

Karon Hampson Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2015
 

C V Ross & Co Limited
Accountants and Tax Consultants
Unit 1, Office 1
Tower Lane Business Park
Tower Lane
Warmley
Bristol
BS30 8XT

Karon Hampson Ltd
(Registration number: 05682654)
Abbreviated Balance Sheet at 30 April 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					683			680
Current assets
Debtors					6,140			7,231
Cash at bank and in hand					2,584			8,481
					8,724			15,712
Creditors: Amounts falling due within one year					(5,464)			(13,627)
Net current assets					3,260			2,085
Net assets					3,943			2,765
Capital and reserves
Called up share capital					1			1
Profit and loss account					3,942			2,764
Shareholders' funds					3,943			2,765

The notes on pages 3 to 4 form an integral part of these financial statements.
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Karon Hampson Ltd
(Registration number: 05682654)
Abbreviated Balance Sheet at 30 April 2015
......... continued

For the year ending 30 April 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 director acknowledges his 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 director on 23 November 2015

.........................................
Mrs K A Hampson
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
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Karon Hampson Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 April 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, net of value added tax, 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
Office equipment	25% straight line

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.

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Karon Hampson Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 April 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 May 2014		2,653			2,653
Additions		230			230
At 30 April 2015		2,883			2,883
Depreciation
At 1 May 2014		1,973			1,973
Charge for the year		227			227
At 30 April 2015		2,200			2,200
Net book value
At 30 April 2015		683			683
At 30 April 2014		680			680

3	Related party transactions

Other related party transactions

During the year the company made the following related party transactions:

Mrs K A Hampson (Director) Rent amounting to £520 (2014: £520) was paid to Mrs K A Hampson . At the balance sheet date the amount due to Mrs K A Hampson was £nil (2014 - £nil).

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