Hood Parkes & Co Limited - Limited company - abbreviated

REGISTERED NUMBER: 08050405 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30th April 2015

for

Hood Parkes & Co Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mrs T J Hood

REGISTERED OFFICE:

1st Floor

28 Market Place

Grantham

Lincolnshire

NG31 6LR

REGISTERED NUMBER:

08050405 (England and Wales)

ACCOUNTANTS:

Hood Parkes & Co

1st Floor

28 Market Place

Grantham

Lincolnshire

NG31 6LR

FIXED ASSETS

Intangible assets

2

61,950

71,481

Tangible assets

3

4,166

5,737

66,116

77,218

CURRENT ASSETS

Debtors

16,107

18,073

Prepayments and accrued income

676

-

Cash at bank and in hand

17,794

7,446

34,577

25,519

CREDITORS

Amounts falling due within one year

95,654

95,410

NET CURRENT LIABILITIES

(61,077

)

(69,891

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,039

7,327

CAPITAL AND RESERVES

Called up share capital

4

1,000

Profit and loss account

4,039

6,327

SHAREHOLDERS' FUNDS

5,039

7,327

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 9th January 2016 and were signed by:

Mrs T J Hood - 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 2012, is being amortised evenly over its estimated useful life of ten 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 etc

-

25% on cost and 15% on cost

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

At 1st May 2014

and 30th April 2015

90,543

AMORTISATION

At 1st May 2014

19,062

Amortisation for year

9,531

At 30th April 2015

28,593

NET BOOK VALUE

At 30th April 2015

61,950

At 30th April 2014

71,481

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st May 2014

9,990

Additions

912

At 30th April 2015

10,902

DEPRECIATION

At 1st May 2014

4,253

Charge for year

2,483

At 30th April 2015

6,736

NET BOOK VALUE

At 30th April 2015

4,166

At 30th April 2014

5,737

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

500

A

Ordinary

1

500

B Ordinary

1

500

1,000

5.	TRANSACTIONS WITH DIRECTORS

The balance on the Directors Current Account of £82448 (2014 - £85114), included in the figure of

Creditors: Amounts falling due within one year, is owed to the directors at the Balance Sheet date (T J

Hood - £26330, T W Parkes - £56118). No date for repayment has been agreed, interest has been charged in

respect of the balance outstanding.

Hood Parkes & Co Limited - Limited company - abbreviated - 11.9

Hood Parkes & Co Limited - Limited company - abbreviated - 11.9