Accounts filed on 14-10-2015

Accounts filed on 14-10-2015

HORSEWOODS LIMITED - Company Information

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HORSEWOODS LIMITED

Company Registration Number:
07642946 (England and Wales)

Report of the Directors and Unaudited Financial Statements

Period of accounts

Start date: 15 October 2014

End date: 14 October 2015

HORSEWOODS LIMITED

Contents of the Financial Statements

for the Period Ended 14 October 2015

Company Information
Report of the Directors
Profit and Loss Account
Gains and Losses
Balance sheet
Notes to the Financial Statements

HORSEWOODS LIMITED

Company Information

for the Period Ended 14 October 2015




Director: Richard Horsewood
Registered office: 25
Tisbury Road
Holgate
York
Yorkshire
YO26 4UJ
Company Registration Number: 07642946 (England and Wales)

HORSEWOODS LIMITED

Directors' Report Period Ended 14 October 2015

The directors present their report with the financial statements of the company for the period ended 14 October 2015

Principal activities

The company's principal activity was the retailing of ladies accessories and dance wear.

Directors
 The directors shown below have held office during the whole of the period from
15 October 2014 to 14 October 2015
Richard Horsewood

Political and charitable donations

The company made no charitable donation.

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on 14 July 2016
And Signed On Behalf Of The Board By:

Name: Richard Horsewood
Status: Director

HORSEWOODS LIMITED

Profit and Loss Account

for the Period Ended 14 October 2015


Notes
2015
£
2014
£
Turnover: 2 30,797 33,164
Cost of sales: ( 18,337 ) ( 19,234 )
Gross profit or (loss): 12,460 13,930
Administrative expenses: ( 10,642 ) ( 9,660 )
Operating profit or (loss): 1,818 4,270
Profit or (loss) on ordinary activities before taxation: 1,818 4,270
Profit or (loss) for the financial year: 1,818 4,270

The notes form part of these financial statements

HORSEWOODS LIMITED

Statement of total recognised gains and losses

The company does not have any gains and losses other than Profit and Loss for the period to report

HORSEWOODS LIMITED

Balance sheet

As at 14 October 2015


Notes
2015
£
2014
£
Fixed assets
Tangible assets: 3 908 1,300
Total fixed assets: 908 1,300
Current assets
Stocks: 18,515 16,396
Cash at bank and in hand: 390 299
Total current assets: 18,905 16,695
Creditors: amounts falling due within one year: ( 1,000 )
Net current assets (liabilities): 17,905 16,695
Total assets less current liabilities: 18,813 17,995
Creditors: amounts falling due after more than one year: ( 17,612 ) ( 18,612 )
Total net assets (liabilities): 1,201 ( 617 )

The notes form part of these financial statements

HORSEWOODS LIMITED

Balance sheet continued

As at 14 October 2015


Notes
2015
£
2014
£
Capital and reserves
Called up share capital: 4 10,000 10,000
Profit and loss account: 5 ( 8,799 ) ( 10,617 )
Shareholders funds: 1,201 ( 617 )

For the year ending 14 October 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 14 July 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: Richard Horsewood
Status: Director

The notes form part of these financial statements

HORSEWOODS LIMITED

Notes to the Financial Statements

for the Period Ended 14 October 2015

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the Financial Reporting Standards for Smaller Entities (effective April 2008)

    Turnover policy

    The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax (VAT) and trade discounts.

    Tangible fixed assets depreciation policy

    In order to write off each asset over its estimated useful life, the following annual rates will be used. Fixtures and Fittings - 20% on cost. Office Equipment - 20% on cost. Plant and Machinery - 20% on cost. Motor Vehicles - 20% on cost.

    Intangible fixed assets amortisation policy

    Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives, not to exceed twenty years. Impairments of intangible assets are only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

    Valuation information and policy

    Stock and work in progress are valued at the lower cost and net realisable after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

    Other accounting policies

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

HORSEWOODS LIMITED

Notes to the Financial Statements

for the Period Ended 14 October 2015

  • 2. Turnover

    Retail £32,632. All turnover took place in the UK from retail sales only.

HORSEWOODS LIMITED

Notes to the Financial Statements

for the Period Ended 14 October 2015

  • 3. Tangible assets

    Land and buildings Plant and Machinery Fixtures and fittings Office Equipment Motor vehicles Total
    Cost £ £ £ £ £ £
    15 October 2014: - - 1,778 212 - 1,990
    Additions: - - - - - 0
    Disposals: - - - - - 0
    Revaluations: - - - - - 0
    Transfers: - - - - - 0
    14 October 2015: - - 1,778 212 - 1,990
    Depreciation
    15 October 2014: - - 604 86 - 690
    Charge for year: - - 349 43 - 392
    On disposals: - - - - - 0
    Other adjustments: - - - - - 0
    14 October 2015: - - 953 129 - 1,082
    Net book value
    14 October 2015: - - 825 83 - 908
    14 October 2014: - - 1,174 126 - 1,300

HORSEWOODS LIMITED

Notes to the Financial Statements

for the Period Ended 14 October 2015

  • 4. Called up share capital

    Allotted, called up and paid

    Previous period
    2014
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 10,000 1.00 10,000
    Preference shares: 0
    Total share capital (£): 10,000
    Current period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 10,000 1.00 10,000
    Preference shares: 0
    Total share capital (£): 10,000

HORSEWOODS LIMITED

Notes to the Financial Statements

for the Period Ended 14 October 2015

  • 5. Profit and loss account


    2015
    £
    2014
    £
    Opening balance: ( 10,617 ) ( 14,887 )
    Profit or (loss) for the period: 1,818 4,270
    Retained profit: ( 8,799 ) ( 10,617 )