Hasmick Promotions Limited - Abbreviated accounts 16.1

Hasmick Promotions Limited - Abbreviated accounts 16.1

HASMICK PROMOTIONS LIMITED - Company Information

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REGISTERED NUMBER: 00849940 (England and Wales)















ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2015

FOR

HASMICK PROMOTIONS LIMITED

HASMICK PROMOTIONS LIMITED (REGISTERED NUMBER: 00849940)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015










Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 3

HASMICK PROMOTIONS LIMITED (REGISTERED NUMBER: 00849940)

ABBREVIATED BALANCE SHEET
30 SEPTEMBER 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 93,233 93,166
Investments 3 43,417 43,417
136,650 136,583

CURRENT ASSETS
Stocks 98,084 172,018
Debtors 87,385 87,997
Cash at bank 495,674 507,117
681,143 767,132
CREDITORS
Amounts falling due within one year 428,208 497,446
NET CURRENT ASSETS 252,935 269,686
TOTAL ASSETS LESS CURRENT
LIABILITIES
389,585
406,269

PROVISIONS FOR LIABILITIES 2,896 2,626
NET ASSETS 386,689 403,643

CAPITAL AND RESERVES
Called up share capital 4 10,000 10,000
Profit and loss account 376,689 393,643
SHAREHOLDERS' FUNDS 386,689 403,643

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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...
HASMICK PROMOTIONS LIMITED (REGISTERED NUMBER: 00849940)

ABBREVIATED BALANCE SHEET - continued
30 SEPTEMBER 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 22 April 2016 and were signed on its behalf by:





Mr C M Hazeldine - Director


The notes form part of these abbreviated accounts

Page 2
HASMICK PROMOTIONS LIMITED (REGISTERED NUMBER: 00849940)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015


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.

Long leasehold land and buildings - 1% on cost
Furniture, fittings and plant - 25% on reducing balance and 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling
at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

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.

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HASMICK PROMOTIONS LIMITED (REGISTERED NUMBER: 00849940)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2015


2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2014 208,395
Additions 3,823
At 30 September 2015 212,218
DEPRECIATION
At 1 October 2014 115,229
Charge for year 3,756
At 30 September 2015 118,985
NET BOOK VALUE
At 30 September 2015 93,233
At 30 September 2014 93,166

3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 October 2014
and 30 September 2015 63,417
PROVISIONS
At 1 October 2014
and 30 September 2015 20,000
NET BOOK VALUE
At 30 September 2015 43,417
At 30 September 2014 43,417

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
10,000 Ordinary £1 10,000 10,000

Page 4