Abbreviated Company Accounts - HJORTFOOD LIMITED
Abbreviated Company Accounts - HJORTFOOD LIMITED
Registered Number 04013286
HJORTFOOD LIMITED
Abbreviated Accounts
31 July 2015
HJORTFOOD LIMITED Registered Number 04013286
Abbreviated Balance Sheet as at 31 July 2015
| Notes | 2015 | 2014 | |
|---|---|---|---|
| £ | £ | ||
| Fixed assets | |||
| Intangible assets |
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| Tangible assets | 2 |
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| Investments |
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| Current assets | |||
| Stocks |
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| Debtors |
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| Cash at bank and in hand |
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| Creditors: amounts falling due within one year |
( |
( |
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| Net current assets (liabilities) |
( |
( |
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| Total assets less current liabilities |
( |
( |
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| Total net assets (liabilities) |
( |
( |
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| Capital and reserves | |||
| Called up share capital | 3 |
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| Profit and loss account |
( |
( |
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| Shareholders' funds |
( |
( |
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For the year ending 31 July 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
And signed on their behalf by:
HJORTFOOD LIMITED Registered Number 04013286
Notes to the Abbreviated Accounts for the period ended 31 July 2015
1Accounting Policies
Basis of measurement and preparation of accounts
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 policy
Tangible assets depreciation policy
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant & Machinery - 25% on reducing balance
Fixtures & Fittings - 25% on reducing balance
Equipment - 25% on reducing balance
Other accounting policies
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
2Tangible fixed assets
| £ | |
|---|---|
| Cost | |
| At 1 August 2014 |
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| Additions |
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| Disposals |
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| Revaluations |
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| Transfers |
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| At 31 July 2015 |
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| Depreciation | |
| At 1 August 2014 |
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| Charge for the year |
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| On disposals |
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| At 31 July 2015 |
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| Net book values | |
| At 31 July 2015 | 430,988 |
| At 31 July 2014 | 409,099 |