Hy-Kleen of Warwick Limited - Abbreviated accounts 16.1

Hy-Kleen of Warwick Limited - Abbreviated accounts 16.1

HY-KLEEN OF WARWICK LIMITED - Company Information

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02950627 1.8.14 31.7.15 31.7.15 Company accounts Private Limited Company FY true false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure029506272014-07-31029506272015-07-31029506272014-08-012015-07-31029506272013-07-31029506272013-08-012014-07-31029506272014-07-3102950627ns12:England2014-08-012015-07-3102950627ns14:PoundSterling2014-08-012015-07-3102950627ns7:Director12014-08-012015-07-3102950627ns7:OrdinaryShareClass12014-08-012015-07-3102950627ns5:PlantMachinery2014-08-012015-07-3102950627ns5:FixturesFittings2014-08-012015-07-3102950627ns5:MotorVehicles2014-08-012015-07-3102950627ns5:ComputerEquipment2014-08-012015-07-3102950627ns7:OrdinaryShareClass12015-07-3102950627ns7:OrdinaryShareClass12014-07-31
REGISTERED NUMBER: 02950627 (England and Wales)












ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2015

FOR

HY-KLEEN OF WARWICK LIMITED

HY-KLEEN OF WARWICK LIMITED (REGISTERED NUMBER: 02950627)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the year ended 31 July 2015




Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 3

HY-KLEEN OF WARWICK LIMITED (REGISTERED NUMBER: 02950627)

ABBREVIATED BALANCE SHEET
31 July 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 32,200 34,800
Tangible assets 3 13,680 16,818
45,880 51,618

CURRENT ASSETS
Stocks 2,398 2,020
Debtors 101,280 105,524
Cash at bank and in hand 2,942 6,800
106,620 114,344
CREDITORS
Amounts falling due within one year 4 108,434 101,131
NET CURRENT (LIABILITIES)/ASSETS (1,814 ) 13,213
TOTAL ASSETS LESS CURRENT
LIABILITIES
44,066
64,831

PROVISIONS FOR LIABILITIES 2,736 3,364
NET ASSETS 41,330 61,467

CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and loss account 41,230 61,367
SHAREHOLDERS' FUNDS 41,330 61,467

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 directors acknowledge their 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 notes form part of these abbreviated accounts

Page 1 continued...
HY-KLEEN OF WARWICK LIMITED (REGISTERED NUMBER: 02950627)

ABBREVIATED BALANCE SHEET - continued
31 July 2015


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 Board of Directors on 3 March 2016 and were signed on its behalf by:





Miss J A Suter - Director


The notes form part of these abbreviated accounts

Page 2
HY-KLEEN OF WARWICK LIMITED (REGISTERED NUMBER: 02950627)

NOTES TO THE ABBREVIATED ACCOUNTS
for the year ended 31 July 2015

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The accounts have been prepared in accordance with applicable accounting standards. The principal accounting
policies adopted in the preparation of the financial statements are set out below and have remained unchanged
from the previous year.

At the balance sheet date the company had net current liabilities of £1,814 (2014 - net current assets £13,213),
and total net assets of £41,330 (2014 - £61,467). Included in creditors due within one year are directors loans of
£8,473. The directors have expressed their willingness to support the company as necessary and along with the
forecasted future profitable trade the business is considered a going concern. The accounts and financial
statements have therefore been prepared on a going concern basis.

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 comprises the value of sales (excluding value added tax) of goods and services provided in the normal
course of business.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty 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 - 15% on reducing balance
Furniture and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 15% on reducing balance

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.

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.

Page 3 continued...
HY-KLEEN OF WARWICK LIMITED (REGISTERED NUMBER: 02950627)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the year ended 31 July 2015

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 August 2014
and 31 July 2015 52,000
AMORTISATION
At 1 August 2014 17,200
Amortisation for year 2,600
At 31 July 2015 19,800
NET BOOK VALUE

At 31 July 2015 32,200
At 31 July 2014 34,800

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 August 2014
and 31 July 2015 29,068
DEPRECIATION
At 1 August 2014 12,250
Charge for year 3,138
At 31 July 2015 15,388
NET BOOK VALUE
At 31 July 2015 13,680
At 31 July 2014 16,818

4. CREDITORS

Creditors include an amount of £ 43,469 (2014 - £ 40,408 ) for which security has been given.

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary £1 100 100

Page 4