Hercules Wine Warehouse Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 06382978 (England and Wales)

Abbreviated Accounts for the Year Ended 31 October 2015

for

Hercules Wine Warehouse Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

K Dodd

Mrs S Dodd

REGISTERED OFFICE:

2nd Floor St Andrews House

Station Road East

Canterbury

Kent

CT1 2WD

REGISTERED NUMBER:

06382978 (England and Wales)

ACCOUNTANTS:

A.K & Co (Accountancy Services) Ltd

19 Victoria Terrace

Hove

East Sussex

BN3 2WB

FIXED ASSETS

Tangible assets

2

66,037

68,499

CURRENT ASSETS

Stocks

128,267

110,845

Debtors

10,876

8,277

Cash at bank and in hand

24,567

17,911

163,710

137,033

CREDITORS

Amounts falling due within one year

220,067

238,263

NET CURRENT LIABILITIES

(56,357

)

(101,230

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

9,680

(32,731

)

CREDITORS

Amounts falling due after more than one
year

33,478

6,783

NET LIABILITIES

(23,798

)

(39,514

)

CAPITAL AND RESERVES

Called up share capital

3

110

100

Profit and loss account

(23,908

)

(39,614

)

SHAREHOLDERS' FUNDS

(23,798

)

(39,514

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 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 31 May 2016 and were signed on its behalf by:

K Dodd - 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance and 20% on cost

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

and 31 October 2015

98,958

DEPRECIATION

At 1 November 2014

30,459

Charge for year

2,462

At 31 October 2015

32,921

NET BOOK VALUE

At 31 October 2015

66,037

At 31 October 2014

68,499

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary A

1

100

10

Ordinary B

1

10

-

110

100

During the year 10 Ordinary B Shares of £1 each were allotted, called up and fully paid at par value.