Doug Hyde Fine Art Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 04826303 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 July 2015

for

Doug Hyde Fine Art Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

D Hyde

SECRETARY:

Ms S Hyde

REGISTERED OFFICE:

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

BS32 4JY

REGISTERED NUMBER:

04826303 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

BS32 4JY

FIXED ASSETS

Tangible assets

2

7,443

6,090

CURRENT ASSETS

Debtors

1,839

960

Cash at bank

224,985

210,228

226,824

211,188

CREDITORS

Amounts falling due within one year

73,774

97,964

NET CURRENT ASSETS

153,050

113,224

TOTAL ASSETS LESS CURRENT LIABILITIES

160,493

119,314

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

160,491

119,312

SHAREHOLDERS' FUNDS

160,493

119,314

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 8 March 2016 and were signed by:

D Hyde - 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on cost

Computer equipment

-

33% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

15,928

Additions

2,622

At 31 July 2015

18,550

DEPRECIATION

At 1 August 2014

9,838

Charge for year

1,269

At 31 July 2015

11,107

NET BOOK VALUE

At 31 July 2015

7,443

At 31 July 2014

6,090

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.15

31.7.14

value:

£

£

2

Ordinary

£1

2

2