Hallbay Ltd - Abbreviated accounts 16.1

Hallbay Ltd - Abbreviated accounts 16.1

HALLBAY LTD - Company Information

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REGISTERED NUMBER: 04568263 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

HALLBAY LTD

HALLBAY LTD (REGISTERED NUMBER: 04568263)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

HALLBAY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2015







DIRECTOR: A Pirer





SECRETARY: G Lubelsky





REGISTERED OFFICE: 115 Craven Park Road
London
N15 6BL





REGISTERED NUMBER: 04568263 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL
Page 1
HALLBAY LTD (REGISTERED NUMBER: 04568263)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2015

31.12.15 31.12.14
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 25,000 27,500
Tangible assets 3 37,458 44,098
62,458 71,598

CURRENT ASSETS
Stocks 1,148 1,233
Debtors 140,271 127,035
Cash at bank and in hand 5,568 837
146,987 129,105
CREDITORS
Amounts falling due within one year 120,875 76,252
NET CURRENT ASSETS 26,112 52,853
TOTAL ASSETS LESS CURRENT
LIABILITIES
88,570
124,451

CREDITORS
Amounts falling due after more than one
year
16,563
26,495
NET ASSETS 72,007 97,956

CAPITAL AND RESERVES
Called up share capital 4 2 1
Profit and loss account 72,005 97,955
SHAREHOLDERS' FUNDS 72,007 97,956

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 notes form part of these abbreviated accounts

Page 2 continued...
HALLBAY LTD (REGISTERED NUMBER: 04568263)

ABBREVIATED BALANCE SHEET - continued
31 DECEMBER 2015


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 27 September 2016 and were signed by:





A Pirer - Director


The notes form part of these abbreviated accounts

Page 3
HALLBAY LTD (REGISTERED NUMBER: 04568263)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

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 - 33% 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.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015
and 31 December 2015 50,000
AMORTISATION
At 1 January 2015 22,500
Amortisation for year 2,500
At 31 December 2015 25,000
NET BOOK VALUE

At 31 December 2015 25,000
At 31 December 2014 27,500

Page 4 continued...
HALLBAY LTD (REGISTERED NUMBER: 04568263)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015
and 31 December 2015 81,897
DEPRECIATION
At 1 January 2015 37,799
Charge for year 6,640
At 31 December 2015 44,439
NET BOOK VALUE
At 31 December 2015 37,458
At 31 December 2014 44,098

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.15 31.12.14
value: £    £   
2 Ordinary £1 2 1
(31.12.14 - 1 )

1 Ordinary share of £1 was issued during the year for cash of £ 1 .

Page 5