Home Sweet Home (Nationwide) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06140674 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

Home Sweet Home (Nationwide) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

G P Hunt

N W Dearman

J Corcoran

REGISTERED OFFICE:

4 Riverview

Walnut Tree Close

Guildford

Surrey

GU1 4UX

REGISTERED NUMBER:

06140674 (England and Wales)

ACCOUNTANTS:

Bristow Burrell

4 Riverview

Walnut Tree Close

Guildford

Surrey

GU1 4UX

CURRENT ASSETS

Stocks

233,580

781,964

Cash at bank and in hand

32,394

74,794

265,974

856,758

CREDITORS

Amounts falling due within one
year

88,911

429,031

NET CURRENT ASSETS

177,063

427,727

TOTAL ASSETS LESS CURRENT
LIABILITIES

177,063

427,727

CREDITORS

Amounts falling due after more
than one year

2

212,512

626,929

NET LIABILITIES

(35,449

)

(199,202

)

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(35,549

)

(199,302

)

SHAREHOLDERS' FUNDS

(35,449

)

(199,202

)

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 18 July 2016 and were
signed on its behalf by:

G P Hunt - 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.

Stocks

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

allowance for obsolete and slow moving items.

Going concern

The financial statements have been prepared on a going concern basis. Although the

liabilities of the company exceed the gross assets by £35,449 (2015: £199,202), the

shareholders of the company have given representations that they will continue to

support the company for the foreseeable future.

2.

CREDITORS

Creditors include an amount of £ 212,512 (2015 - £ 626,929 ) for which security has

been given.

They also include the following debts falling due in more than five years:

2016

2015

£

Repayable otherwise than by instalments

212,512

626,929

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

99

Ordinary

£1

100