Abbreviated Company Accounts - HAMAX LTD

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Registered Number 07836296

HAMAX LTD

Abbreviated Accounts

30 November 2013

HAMAX LTD Registered Number 07836296

Abbreviated Balance Sheet as at 30 November 2013

	Notes	2013	2012
		£	£
Fixed assets
Intangible assets	2	23,400	31,200
Tangible assets	3	3,391	3,242
		26,791	34,442
Current assets
Debtors		24,673	6,807
Cash at bank and in hand		300	710
		24,973	7,517
Prepayments and accrued income		1,130	851
Creditors: amounts falling due within one year		(118,774)	(93,045)
Net current assets (liabilities)		(92,671)	(84,677)
Total assets less current liabilities		(65,880)	(50,235)
Accruals and deferred income		(2,993)	(1,777)
Total net assets (liabilities)		(68,873)	(52,012)
Capital and reserves
Called up share capital	4	1	1
Profit and loss account		(68,874)	(52,013)
Shareholders' funds		(68,873)	(52,012)

For the year ending 30 November 2013 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 30 September 2014

And signed on their behalf by:
Mark Hamer, Director

HAMAX LTD Registered Number 07836296

Notes to the Abbreviated Accounts for the period ended 30 November 2013

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 the total value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 20% straight line / 20% reducing balance

Intangible assets amortisation policy
Franchise fees are stated at cost less accumulated amortisation. They are written off to the profit and loss account over their expected useful lives.

Other accounting policies
Leasing
Rental payments under operating leases are charged against income on a straight line basis over the lease term.

Going Concern
Although the company has net liabilities the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. He continues to believe the going concern basis of accounting is appropriate in preparing the annual financial statements.

2Intangible fixed assets

	£
Cost
At 1 December 2012	39,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2013	39,000
Amortisation
At 1 December 2012	7,800
Charge for the year	7,800
On disposals	-
At 30 November 2013	15,600
Net book values
At 30 November 2013	23,400
At 30 November 2012	31,200

3Tangible fixed assets

	£
Cost
At 1 December 2012	4,053
Additions	1,127
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2013	5,180
Depreciation
At 1 December 2012	811
Charge for the year	978
On disposals	-
At 30 November 2013	1,789
Net book values
At 30 November 2013	3,391
At 30 November 2012	3,242

4Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
1 Ordinary shares of £1 each	1	1

5Transactions with directors

Name of director receiving advance or credit:	Mark Hamer
Description of the transaction:	Directors loan
Balance at 1 December 2012:	£ 85,347
Advances or credits made:	£ 30,980
Advances or credits repaid:	£ 30,751
Balance at 30 November 2013:	£ 85,576

As at 30 November 2013 the director had made a loan to the company of £85,576 (2012 : £85,347)