HUNT MOTORCYCLES LTD Accounts filed on 31-05-2015

HUNT MOTORCYCLES LTD Accounts filed on 31-05-2015

HUNT MOTORCYCLES LTD - Company Information

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HUNT MOTORCYCLES LTD




Company Registration Number:
03381969 (England and Wales)



Report of the Directors and Unaudited Financial Statements



Period of accounts


Start date: 01st June 2014

End date: 31st May 2015

SUBMITTED

HUNT MOTORCYCLES LTD

Company Information
for the Period Ended 31st May 2015




Director: D J Hunt
A F Hunt
Company secretary: A F Hunt
Registered office: 30-38 Bridge Street
Witham
Essex
CM8 1BT
Company Registration Number: 03381969 (England and Wales)

HUNT MOTORCYCLES LTD

Directors' Report Period Ended 31st May 2015

The directors present their report with the financial statements of the company for the period ended 31st May 2015

Principal activities
The principal activity of the company in the period under review was:
sales ad repairs of motorcycles

Directors
The directors shown below have held office during the whole of the period from
01st June 2014 to 31st May 2015
D J Hunt
A F Hunt

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on 09 July 2015
And Signed On Behalf Of The Board By:

Name: A F Hunt
Status: Director

HUNT MOTORCYCLES LTD

Profit and Loss Account

for the Period Ended 31st May 2015

Notes 2015
£		 2014
£
Turnover: 260,076 266,656
Cost of sales: 193,382 198,841
Gross profit or (loss): 66,694 67,815
Administrative expenses: , 64,711 67,758
Operating profit or (loss): 1,983 57
Profit or (loss) on ordinary activities before taxation: 1,983 57
Profit or (loss) for the financial year: 1,983 57

The notes form part of these financial statements

HUNT MOTORCYCLES LTD

Statement of total recognised gains and losses
31st May 2015

Statement of total recognised gains and losses

The company does not have any gains and losses other than Profit and Loss for the period to report.

The notes form part of these financial statements

HUNT MOTORCYCLES LTD

Balance sheet
As at 31st May 2015

Notes 2015
£		 2014
£
Fixed assets
Tangible assets: 2 2,882 3,482
Total fixed assets: 2,882 3,482
Current assets
Stocks: 90,272 92,638
Debtors: 3 6,875 8,522
Cash at bank and in hand: 23,301 20,940
Total current assets: 120,448 122,100
Creditors: amounts falling due within one year 4 135,397 139,632
Net current assets (liabilities): ( 14,949 ) ( 17,532 )
Total assets less current liabilities: ( 12,067 ) ( 14,050 )
Total net assets (liabilities): ( 12,067 ) ( 14,050 )

The notes form part of these financial statements

HUNT MOTORCYCLES LTD

Balance sheet
As at 31st May 2015
continued

Notes 2015
£		 2014
£
Capital and reserves
Called up share capital: 5 100 100
Profit and Loss account: ( 12,167 ) ( 14,150 )
Total shareholders funds: ( 12,067 ) ( 14,050 )

For the year ending 31 May 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 09 July 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: A F Hunt
Status: Director

The notes form part of these financial statements

HUNT MOTORCYCLES LTD

Notes to the Financial Statements
for the Period Ended 31st May 2015

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008)

    Turnover policy

    The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

    Tangible fixed assets depreciation policy

    Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. Plant and Machinery - 25% on reducing balance, Motor vehicles - 25% on reducing balance.

HUNT MOTORCYCLES LTD

Notes to the Financial Statements
for the Period Ended 31st May 2015

  • 2. Tangible assets

    Land and buildings Plant Machinery Fixtures and fittings Office Equipment Motor vehicles Total
    Cost £ £ £ £ £ £
    At 01st June 2014: - 12,981 - - 9,279 22,260
    At 31st May 2015: - 12,981 - - 9,279 22,260
    Depreciation
    At 01st June 2014: - 10,278 - - 8,500 18,778
    Charge for year: - 405 - - 195 600
    At 31st May 2015: - 10,683 - - 8,695 19,378
    Net book value
    At 31st May 2015: - 2,298 - - 584 2,882
    At 31st May 2014: - 2,703 - - 779 3,482

HUNT MOTORCYCLES LTD

Notes to the Financial Statements
for the Period Ended 31st May 2015

  • 3. Debtors

    2015 2014
    £ £
    Trade debtors: 125 672
    Other debtors: 6,750 7,850
    Total: 6,875 8,522

HUNT MOTORCYCLES LTD

Notes to the Financial Statements
for the Period Ended 31st May 2015

  • 4. Creditors: amounts falling due within one year

    2015 2014
    £ £
    Bank loans and overdrafts: 93 93
    Trade creditors: 17,474 15,909
    Taxation and social security: 5,764 5,454
    Other creditors: 112,066 118,176
    Total: 135,397 139,632

HUNT MOTORCYCLES LTD

Notes to the Financial Statements
for the Period Ended 31st May 2015

  • 5. Called up share capital

    Allotted, called up and paid

    Previous period 2014
    Class Number of shares Nominal value per share Total
    Ordinary shares: 100 1.00
    1.00
    		100
    Total share capital: 100
    Current period 2015
    Class Number of shares Nominal value per share Total
    Ordinary shares: 100 1.00
    1.00
    		100
    Total share capital: 100