J._AND_E._HOGG_LIMITED - Accounts

J. AND E. HOGG LIMITED - Company Information

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Company Registration No. 00514891 (England and Wales)

J. AND E. HOGG LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 NOVEMBER 2015

J. AND E. HOGG LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

J. AND E. HOGG LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2015

- 1 -

2015

Notes

Fixed assets

Tangible assets

1,473

1,733

Investments

50,000

1,473

51,733

Current assets

Stocks

41,007

38,539

Debtors

52,825

42,453

Cash at bank and in hand

29,623

75,445

123,455

156,437

Creditors: amounts falling due within one year

(49,879)

(58,647)

Net current assets

73,576

97,790

Total assets less current liabilities

75,049

149,523

75,049

149,523

Capital and reserves

Called up share capital

2,455

Profit and loss account

72,594

147,068

Shareholders' funds

75,049

149,523

For the financial Period ended 30 November 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 30 August 2016

Mr I S Bajwa

Director

Company Registration No. 00514891

J. AND E. HOGG LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 30 NOVEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

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

1.4

Tangible fixed assets and depreciation

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

Fixtures, fittings & equipment

20% Reducing Balance

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 March 2015

27,946

50,000

77,946

Disposals

(50,000)

At 30 November 2015

27,946

Depreciation

At 1 March 2015

26,213

Charge for the period

260

At 30 November 2015

26,473

Net book value

At 30 November 2015

1,473

At 28 February 2015

1,733

50,000

51,733

J. AND E. HOGG LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 30 NOVEMBER 2015

- 3 -

Share capital

2015

Allotted, called up and fully paid

2,455 Ordinary of £1 each

2,455

Related party relationships and transactions

Directors loan

The Director has provided the company with working capital in the form of an interest free loan which is repayable on demand. As at 30th November 2015, and included within 'Creditors: amounts due within one year' is a loan from the director amounting to £Nil (28th February 2015: £38,172), the balance of £44,920 being repaid in full on 27th November 2015.

Property

The company operates from property owned personally be the Director. No rent has been paid during the period ended 30th November 2015 (28th February 2015: £nil ).