Hartseats Limited - Period Ending 2016-03-31

Registration number: 5190630

Hartseats Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016

1 Accounts Online Ltd
70 High Street
Haverhill
Suffolk
CB9 8AR

Hartseats Limited

Contents

Abbreviated Balance Sheet	1
Notes to the Abbreviated Accounts	2

Hartseats Limited

(Registration number: 5190630)
Abbreviated Balance Sheet as at 31 March 2016

	Note	2016 £	2015 £
Current assets
Stocks		6,041	6,100
Debtors		1,044	3,746
Cash at bank and in hand		12,973	6,608
		20,058	16,454
Prepayments and accrued income		105	-
Creditors: Amounts falling due within one year		(26,604)	(16,452)
Net (liabilities)/assets		(6,441)	2
Capital and reserves
Called up share capital	2	2	2
Profit and loss account		(6,443)	-
Shareholders (deficit)/funds		(6,441)	2

For the year ending 31 March 2016 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 26 May 2016 and signed on its behalf by:

.........................................
Mr Colin James Poole
Director

The notes on page 2 form an integral part of these financial statements.
Page 1

Hartseats Limited

Notes to the Abbreviated Accounts

Accounting policies

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Revenue recognition

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Share capital

Allotted, called up and fully paid shares

	2016		2015
	No.	£	No.	£
Ordinary of £1 each	2	2	2	2

Control

The directors are the controlling party by virtue of their controlling shareholding in the company.

The ultimate parent company is Haverhill Community Trust.

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