Hampshire Commercial Refurbishment Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 08920523 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Hampshire Commercial Refurbishment Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

N Price

D P Bardell

SECRETARY:

REGISTERED OFFICE:

Unit 21 Challenge Enterprise Centre

Sharps Close

Portsmouth

Hampshire

PO3 5RJ

REGISTERED NUMBER:

08920523 (England and Wales)

ACCOUNTANTS:

Curtis-Williams

Unit 10

Challenge Enterprise Centre

Sharps Close

Portsmouth

Hampshire

PO3 5RJ

FIXED ASSETS

Tangible assets

2

2,580

3,471

CURRENT ASSETS

Stocks

500

700

Debtors

44,395

70,048

Cash at bank and in hand

35,374

42,251

80,269

112,999

CREDITORS

Amounts falling due within one year

76,356

108,209

NET CURRENT ASSETS

3,913

4,790

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,493

8,261

CREDITORS

Amounts falling due after more than one
year

5,000

-

NET ASSETS

1,493

8,261

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

1,393

8,161

SHAREHOLDERS' FUNDS

1,493

8,261

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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:

N Price - 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 January 2015).

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.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Hire purchase and leasing commitments

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 April 2015

4,804

Additions

383

At 31 March 2016

5,187

DEPRECIATION

At 1 April 2015

1,333

Charge for year

1,274

At 31 March 2016

2,607

NET BOOK VALUE

At 31 March 2016

2,580

At 31 March 2015

3,471

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary Shares

£1

100