Abbreviated Company Accounts - HERMAN TRADING LIMITED

HERMAN TRADING LIMITED - Company Information

02602899 HERMAN TRADING LIMITED 2015-05-31 false 2014-06-01 2015-05-31 true 02602899 2014-06-01 2015-05-31 02602899 2015-05-31 02602899 2014-05-31 02602899 uk-gaap-cd-bus:Director1 2014-06-01 2015-05-31 02602899 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 iso4217:GBP shares

Registered Number 02602899

HERMAN TRADING LIMITED

Abbreviated Accounts

31 May 2015

HERMAN TRADING LIMITED Registered Number 02602899

Abbreviated Balance Sheet as at 31 May 2015

	Notes	2015	2014
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets	2	237,999	237,999
Tangible assets	3	642,617	643,367
Investments		-	-
		880,616	881,366
Current assets
Stocks		203,208	194,550
Debtors		248,744	99,949
Investments		-	-
Cash at bank and in hand		-	-
		451,952	294,499
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(468,702)	(358,700)
Net current assets (liabilities)		(16,750)	(64,201)
Total assets less current liabilities		863,866	817,165
Creditors: amounts falling due after more than one year		(433,962)	(470,011)
Provisions for liabilities		0	0
Accruals and deferred income		0	0
Total net assets (liabilities)		429,904	347,154
Capital and reserves
Called up share capital	4	10	10
Share premium account		59,992	59,992
Revaluation reserve		407,346	407,346
Profit and loss account		(37,444)	(120,194)
Shareholders' funds		429,904	347,154

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 4 April 2016

And signed on their behalf by:
K Chouhan, Director

HERMAN TRADING LIMITED Registered Number 02602899

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

1Accounting Policies

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

Turnover policy
Turnover represents net invoiced sales of goods excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its useful economic life:
Improvements to leasehold 25% on reducing balance
Fixtures and fittings 25% on reducing balance

2Intangible fixed assets

	£
Cost
At 1 June 2014	382,498
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2015	382,498
Amortisation
At 1 June 2014	144,499
Charge for the year	-
On disposals	-
At 31 May 2015	144,499
Net book values
At 31 May 2015	237,999
At 31 May 2014	237,999

3Tangible fixed assets

	£
Cost
At 1 June 2014	977,273
Additions	12,868
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2015	990,141
Depreciation
At 1 June 2014	333,906
Charge for the year	13,618
On disposals	-
At 31 May 2015	347,524
Net book values
At 31 May 2015	642,617
At 31 May 2014	643,367

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
10 Ordinary shares of £1 each	10	10