Abbreviated Company Accounts - HANDSFREE GROUP LTD

HANDSFREE GROUP LTD - Company Information

05519584 HANDSFREE GROUP LTD 2015-10-31 false 2014-11-01 2015-10-31 true 05519584 2014-11-01 2015-10-31 05519584 2015-10-31 05519584 2014-10-31 05519584 uk-gaap-cd-bus:Director1 2014-11-01 2015-10-31 05519584 uk-gaap-cd-bus:Director2 2014-11-01 2015-10-31 uk-gaap-cd-bus:Director3 2014-11-01 2015-10-31 uk-gaap-cd-bus:Director3 2015-10-31 uk-gaap-cd-bus:Director3 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-11-01 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-11-01 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass3 2014-11-01 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass3 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass3 2014-10-31 iso4217:GBP shares

Registered Number 05519584

HANDSFREE GROUP LTD

Abbreviated Accounts

31 October 2015

HANDSFREE GROUP LTD Registered Number 05519584

Abbreviated Balance Sheet as at 31 October 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	-	6,000
Tangible assets	3	58,860	56,856
		58,860	62,856
Current assets
Stocks		167,234	162,980
Debtors		1,035,005	1,211,270
Cash at bank and in hand		17,677	1,245
		1,219,916	1,375,495
Creditors: amounts falling due within one year		(1,058,908)	(1,212,229)
Net current assets (liabilities)		161,008	163,266
Total assets less current liabilities		219,868	226,122
Total net assets (liabilities)		219,868	226,122
Capital and reserves
Called up share capital	4	120	120
Profit and loss account		219,748	226,002
Shareholders' funds		219,868	226,122

For the year ending 31 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.

Approved by the Board on 20 May 2016

And signed on their behalf by:
S Cassell, Director
M Johnson, Director

HANDSFREE GROUP LTD Registered Number 05519584

Notes to the Abbreviated Accounts for the period ended 31 October 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 April 2008.

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.

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years.

Valuation information and policy
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Stock
Stock is valued at the lower of cost and net realisable value.

2Intangible fixed assets

	£
Cost
At 1 November 2014	60,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2015	60,000
Amortisation
At 1 November 2014	54,000
Charge for the year	6,000
On disposals	-
At 31 October 2015	60,000
Net book values
At 31 October 2015	0
At 31 October 2014	6,000

3Tangible fixed assets

	£
Cost
At 1 November 2014	108,485
Additions	16,683
Disposals	(1,833)
Revaluations	-
Transfers	-
At 31 October 2015	123,335
Depreciation
At 1 November 2014	51,629
Charge for the year	13,304
On disposals	(458)
At 31 October 2015	64,475
Net book values
At 31 October 2015	58,860
At 31 October 2014	56,856

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100
10 A Ordinary shares of £1 each	10	10
10 B Ordinary shares of £1 each	10	10

5Transactions with directors

Name of director receiving advance or credit:	M Johnson
Description of the transaction:	Loan advance
Balance at 1 November 2014:	£ 0
Advances or credits made:	£ 2,242
Advances or credits repaid:	-
Balance at 31 October 2015:	£ 2,242