Abbreviated Company Accounts - HANTALL DEVELOPMENTS LIMITED

HANTALL DEVELOPMENTS LIMITED - Company Information

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Registered Number 02092684

HANTALL DEVELOPMENTS LIMITED

Abbreviated Accounts

30 September 2015

HANTALL DEVELOPMENTS LIMITED Registered Number 02092684

Abbreviated Balance Sheet as at 30 September 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	295,432	25,552
		295,432	25,552
Current assets
Stocks		110,250	25,250
Debtors		479,475	365,584
Cash at bank and in hand		540,044	827,534
		1,129,769	1,218,368
Creditors: amounts falling due within one year		(539,088)	(425,144)
Net current assets (liabilities)		590,681	793,224
Total assets less current liabilities		886,113	818,776
Creditors: amounts falling due after more than one year		(16,103)	(2,294)
Total net assets (liabilities)		870,010	816,482
Capital and reserves
Called up share capital	3	50	50
Other reserves		50	50
Profit and loss account		869,910	816,382
Shareholders' funds		870,010	816,482

For the year ending 30 September 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 22 June 2016

And signed on their behalf by:
S T Gregory, Director

HANTALL DEVELOPMENTS LIMITED Registered Number 02092684

Notes to the Abbreviated Accounts for the period ended 30 September 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 January 2015.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Land and buildings - Straight line over 50 years
Plant and machinery – 15% reducing balance
Fixtures, fittings and equipment – 15% reducing balance
Motor vehicles – 25% reducing balance
Computer equipment - 33% straight line

Other accounting policies
Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

Stock and work in progress
Stock and work in progress are valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 October 2014	96,954
Additions	289,737
Disposals	(13,500)
Revaluations	-
Transfers	-
At 30 September 2015	373,191
Depreciation
At 1 October 2014	71,402
Charge for the year	16,029
On disposals	(9,672)
At 30 September 2015	77,759
Net book values
At 30 September 2015	295,432
At 30 September 2014	25,552

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
50 Ordinary shares of £1 each	50	50

4Transactions with directors

Name of director receiving advance or credit:	S T Gregory
Description of the transaction:	Advances to directors
Balance at 1 October 2014:	£ 59,792
Advances or credits made:	-
Advances or credits repaid:	£ 59,792
Balance at 30 September 2015:	£ 0

During the period the director fully repaid the monies advanced to him by the company. No interest was charged by the company on the loan and the loan was repayable on demand.