Halls Oxford Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06991844 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

Halls Oxford Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A Hall

Mrs D V Hall

SECRETARY:

REGISTERED OFFICE:

Elizabeth House

Queen Street

Abingdon

Oxfordshire

OX14 3LN

REGISTERED NUMBER:

06991844 (England and Wales)

ACCOUNTANTS:

Webb Teasdale

Elizabeth House

Queen Street

Abingdon

Oxfordshire

OX14 3LN

FIXED ASSETS

Tangible assets

2

418,212

418,412

CURRENT ASSETS

Stocks

11,166

9,725

Debtors

2,635

3,798

Cash at bank and in hand

144,127

86,904

157,928

100,427

CREDITORS

Amounts falling due within one year

339,844

311,403

NET CURRENT LIABILITIES

(181,916

)

(210,976

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

236,296

207,436

CREDITORS

Amounts falling due after more than one
year

71,396

100,858

NET ASSETS

164,900

106,578

CAPITAL AND RESERVES

Called up share capital

3

200

Profit and loss account

164,700

106,378

SHAREHOLDERS' FUNDS

164,900

106,578

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 15 August 2016 and were signed on its behalf by:

A Hall - Director

Mrs D V Hall - 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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% 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.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

428,729

Additions

1,691

At 31 March 2016

430,420

DEPRECIATION

At 1 April 2015

10,317

Charge for year

1,891

At 31 March 2016

12,208

NET BOOK VALUE

At 31 March 2016

418,212

At 31 March 2015

418,412

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

200

Ordinary

£1

200