Abbreviated Company Accounts - HEMEEMA LIMITED

02583240 HEMEEMA LIMITED 2015-05-31 false 2014-06-01 2015-05-31 true 02583240 2014-06-01 2015-05-31 02583240 2015-05-31 02583240 2014-05-31 02583240 uk-gaap-cd-bus:Director1 2014-06-01 2015-05-31 02583240 uk-gaap-cd-bus:Director2 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 uk-gaap-cd-bus:PreferenceShareClass1 2014-06-01 2015-05-31 uk-gaap-cd-bus:PreferenceShareClass1 2015-05-31 uk-gaap-cd-bus:PreferenceShareClass1 2014-05-31 iso4217:GBP shares

Registered Number 02583240

HEMEEMA LIMITED

Abbreviated Accounts

31 May 2015

HEMEEMA LIMITED Registered Number 02583240

Abbreviated Balance Sheet as at 31 May 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	1	1
Tangible assets	3	18,911	16,470
Investments	4	141,464	141,464
		160,376	157,935
Current assets
Stocks		61,735	68,120
Debtors		1,868,095	1,741,607
Cash at bank and in hand		12,654	201,414
		1,942,484	2,011,141
Creditors: amounts falling due within one year		(164,187)	(364,569)
Net current assets (liabilities)		1,778,297	1,646,572
Total assets less current liabilities		1,938,673	1,804,507
Provisions for liabilities		(207)	(788)
Total net assets (liabilities)		1,938,466	1,803,719
Capital and reserves
Called up share capital	5	552	102
Profit and loss account		1,937,914	1,803,617
Shareholders' funds		1,938,466	1,803,719

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.

Approved by the Board on 26 February 2016

And signed on their behalf by:
Mr P B Modasia, Director

HEMEEMA LIMITED Registered Number 02583240

Notes to the Abbreviated Accounts for the period ended 31 May 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are prepared under the historical cost convention and in accordance with
the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during
the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Leasehold properties - Straight line over the life of the lease
Fixtures, fittings and equipment - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer equipments - 25% reducing balance

Other accounting policies
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over
the lease term.

Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.

Stock
Stock is valued at the lower of cost and net realisable value.

2Intangible fixed assets

	£
Cost
At 1 June 2014	361,900
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2015	361,900
Amortisation
At 1 June 2014	361,899
Charge for the year	-
On disposals	-
At 31 May 2015	361,899
Net book values
At 31 May 2015	1
At 31 May 2014	1

Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life
of 5 years.

3Tangible fixed assets

	£
Cost
At 1 June 2014	125,602
Additions	11,087
Disposals	(10,650)
Revaluations	-
Transfers	-
At 31 May 2015	126,039
Depreciation
At 1 June 2014	109,132
Charge for the year	6,293
On disposals	(8,297)
At 31 May 2015	107,128
Net book values
At 31 May 2015	18,911
At 31 May 2014	16,470

4Fixed assets Investments
Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.

Cost
At 1 June 2014 £141,464
Additions - £0
Disposals - £0
At 31 May 2015 - £141,464

Depreciation and Provision for diminution in value
At 1 June 2014 - £0
On disposals - £0
Charge for year - £0
At 31 May 2015 £0

Net book values
At 31 May 2015 - £141,464
At 31 May 2014 - £141,464

5Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
2 Ordinary shares of £1 each	2	2
550 B Preference shares of £1 each (100 shares for 2014)	550	100

450 B Preference shares issued during the year at par value.