Abbreviated Company Accounts - HYDER LIVING LIMITED

Abbreviated Company Accounts - HYDER LIVING LIMITED

TITUS BEDDING LIMITED - Company Information

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Registered Number 07509799

HYDER LIVING LIMITED

Abbreviated Accounts

31 October 2015

HYDER LIVING LIMITED Registered Number 07509799

Abbreviated Balance Sheet as at 31 October 2015

Notes 31/10/2015 31/05/2015
£ £
Fixed assets
Intangible assets 2 44,000 49,000
Tangible assets 3 51,122 55,958
95,122 104,958
Current assets
Stocks 404,851 429,851
Debtors 1,059,422 1,097,000
Cash at bank and in hand 1,622 1,622
1,465,895 1,528,473
Creditors: amounts falling due within one year 4 (1,329,698) (1,435,812)
Net current assets (liabilities) 136,197 92,661
Total assets less current liabilities 231,319 197,619
Total net assets (liabilities) 231,319 197,619
Capital and reserves
Called up share capital 5 200,000 200,000
Profit and loss account 31,319 (2,381)
Shareholders' funds 231,319 197,619
  • 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 29 July 2016

And signed on their behalf by:
Mr Z Hyder, Director

HYDER LIVING LIMITED Registered Number 07509799

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 amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is proviided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery 15% reducing balance
Fixtures, fittings & equipment 15% reducing balance
Motor vehicles 25% reducing balance

Intangible assets amortisation policy
Goodwill -Acquired goodwill is written off in equal annual instalment over its estimated useful economic life.

Other accounting policies
Foreign currency translation - Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transaction in foreign currencies are recorded at the rate ruling at the date of transaction. All differences are taken to profit and loss account.

2Intangible fixed assets
£
Cost
At 1 June 2015 100,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 October 2015 100,000
Amortisation
At 1 June 2015 51,000
Charge for the year 5,000
On disposals -
At 31 October 2015 56,000
Net book values
At 31 October 2015 44,000
At 31 May 2015 49,000
3Tangible fixed assets
£
Cost
At 1 June 2015 142,541
Additions -
Disposals -
Revaluations -
Transfers -
At 31 October 2015 142,541
Depreciation
At 1 June 2015 86,583
Charge for the year 4,836
On disposals -
At 31 October 2015 91,419
Net book values
At 31 October 2015 51,122
At 31 May 2015 55,958
4Creditors
31/10/2015
£		 31/05/2015
£
Secured Debts 272,714 424,349
5Called Up Share Capital
Allotted, called up and fully paid:
31/10/2015
£		 31/05/2015
£
200,000 Ordinary shares of £1 each 200,000 200,000

The ultimate parent company is Hyder Corporation Limited, a company registered in England and Wales.