Malton H& F Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04419216 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2015

FOR

MALTON H& F LIMITED

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

23,350

24,392

23,350

24,392

CURRENT ASSETS

Stocks

20,598

22,483

Debtors

35,855

31,563

Cash at bank

90,386

85,232

146,839

139,278

CREDITORS

Amounts falling due within one year

118,312

109,535

NET CURRENT ASSETS

28,527

29,743

TOTAL ASSETS LESS CURRENT LIABILITIES

51,877

54,135

CREDITORS

Amounts falling due after more than one year

-

(2,179

)

PROVISIONS FOR LIABILITIES

(3,475

)

(3,451

)

NET ASSETS

48,402

48,505

CAPITAL AND RESERVES

Called up share capital

4

5,020

Profit and loss account

43,382

43,485

SHAREHOLDERS' FUNDS

48,402

48,505

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2015 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 1 July 2016 and were signed on its behalf by:

Mrs J Matthews - Director

Mrs L Knock - 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 April 2008).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small

company.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

at varying rates on cost

Fixtures and fittings

-

at varying rates on cost

Computer equipment

-

33% on cost

Stocks

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

items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet

date.

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.

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire

purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over

their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital

element of the future payments is treated as a liability.

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

lease.

Revenue recognition

Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange

for the supply of goods and services that it provides. It is measured at the fair value of the right to consideration, which

represents amounts chargeable to customers.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

and 31 October 2015

1

AMORTISATION

At 1 November 2014

and 31 October 2015

1

NET BOOK VALUE

At 31 October 2015

-

At 31 October 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

126,739

Additions

4,973

At 31 October 2015

131,712

DEPRECIATION

At 1 November 2014

102,347

Charge for year

6,015

At 31 October 2015

108,362

NET BOOK VALUE

At 31 October 2015

23,350

At 31 October 2014

24,392

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

5,000

Ordinary

£1

5,000

10

Ordinary A

£1

10

Ordinary B

£1

10

5,020