Hugs Leisure Limited - Limited company - abbreviated - 11.0.0
Hugs Leisure Limited - Limited company - abbreviated - 11.0.0
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2014 |
| FOR |
| HUGS LEISURE LIMITED |
| HUGS LEISURE LIMITED (REGISTERED NUMBER: 04653822) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 JANUARY 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| HUGS LEISURE LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 JANUARY 2014 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| HUGS LEISURE LIMITED (REGISTERED NUMBER: 04653822) |
| ABBREVIATED BALANCE SHEET |
| 31 JANUARY 2014 |
| 2014 | 2013 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
4 |
( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| HUGS LEISURE LIMITED (REGISTERED NUMBER: 04653822) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 JANUARY 2014 |
| The financial statements were approved by the director on |
| HUGS LEISURE LIMITED (REGISTERED NUMBER: 04653822) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 JANUARY 2014 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| These financial statements have been prepared on a going concern basis even though the company has net |
| liabilities at 31st January 2014 of £5,009 (£2013 - £18,022). |
| The validity of the going concern principle is dependent upon the continued support of the director and |
| shareholders and the company returning to trade at a profit. |
| The balance sheet of the company includes a loan from Mrs Huggins of £8,353. There is no fixed date for |
| repayment of this loan, and Mrs Huggins has confirmed that she will continue to support the company for the |
| foreseeable future. |
| If the company was unable to continue trading adjustments would have to be made to reduce the balance sheet |
| values of assets to their recoverable amounts, provide for further liabilities that might arise and to reclassify fixed |
| assets as current assets. |
| 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 and services, excluding value added tax. |
| Goodwill |
| Tangible fixed assets |
| Plant and machinery etc | - |
| 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. |
| HUGS LEISURE LIMITED (REGISTERED NUMBER: 04653822) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 JANUARY 2014 |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 February 2013 |
| and 31 January 2014 |
| AMORTISATION |
| At 1 February 2013 |
| Amortisation for year |
| At 31 January 2014 |
| NET BOOK VALUE |
| At 31 January 2014 |
| At 31 January 2013 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 February 2013 |
| Additions |
| At 31 January 2014 |
| DEPRECIATION |
| At 1 February 2013 |
| Charge for year |
| At 31 January 2014 |
| NET BOOK VALUE |
| At 31 January 2014 |
| At 31 January 2013 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| Ordinary | £1 |