Handy Brand Uk Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 08792680 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 November 2015

for

Handy Brand Uk Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Report of the Accountants

5

DIRECTOR:

M A Kilford

REGISTERED OFFICE:

2nd Floor

53 High Street

Keynsham

Bristol

BS31 1DS

REGISTERED NUMBER:

08792680 (England and Wales)

ACCOUNTANTS:

Chartax Accounting & Taxation Limited

2nd Floor, 53 High Street

Keynsham

NE Somerset

BS31 1DS

FIXED ASSETS

Intangible assets

2

173,129

207,937

Tangible assets

3

30,031

20,529

203,160

228,466

CURRENT ASSETS

Stocks

11,755

Debtors

662

1,456

Cash at bank

126,602

98,182

139,019

111,393

CREDITORS

Amounts falling due within one year

261,518

303,123

NET CURRENT LIABILITIES

(122,499

)

(191,730

)

TOTAL ASSETS LESS CURRENT LIABILITIES

80,661

36,736

PROVISIONS FOR LIABILITIES

6,006

4,106

NET ASSETS

74,655

32,630

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

74,653

32,628

SHAREHOLDERS' FUNDS

74,655

32,630

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 10 August 2016 and were signed by:

M A Kilford - 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).

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Computer software

Computer software & website costs have been capitalised where appropriate. Costs incurred will be amortised over a five

year period (straight line)

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% 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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

226,840

Additions

13,200

At 30 November 2015

240,040

AMORTISATION

At 1 December 2014

18,903

Amortisation for year

48,008

At 30 November 2015

66,911

NET BOOK VALUE

At 30 November 2015

173,129

At 30 November 2014

207,937

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

21,899

Additions

15,147

At 30 November 2015

37,046

DEPRECIATION

At 1 December 2014

1,370

Charge for year

5,645

At 30 November 2015

7,015

NET BOOK VALUE

At 30 November 2015

30,031

At 30 November 2014

20,529

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.15

30.11.14

value:

£

1

Ordinary A

£1

1

Ordinary B

£1

1

2

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited

financial statements, from which the unaudited abbreviated accounts (set out on pages two to four) have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2015 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Chartax Accounting & Taxation Limited

2nd Floor, 53 High Street

Keynsham

NE Somerset

BS31 1DS

12 August 2016