HAMBLETON_DECORATING_LIMI - Accounts

HAMBLETON DECORATING LIMITED - Company Information

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Company Registration No. 01838708 (England and Wales)

HAMBLETON DECORATING LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

HAMBLETON DECORATING LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

HAMBLETON DECORATING LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

24,554

28,132

Current assets

Stocks

9,182

7,082

Debtors

26,136

20,294

Cash at bank and in hand

32,261

18,491

67,579

45,867

Creditors: amounts falling due within one year

(83,786)

(60,137)

Net current liabilities

(16,207)

(14,270)

Total assets less current liabilities

8,347

13,862

Creditors: amounts falling due after more than one year

(5,830)

(10,763)

Provisions for liabilities

(2,201)

(2,440)

316

659

Capital and reserves

Called up share capital

Profit and loss account

314

657

Shareholders' funds

316

659

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The directors acknowledge their 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 16 September 2016

S B Hart

Director

Company Registration No. 01838708

HAMBLETON DECORATING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 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:

Land and buildings Leasehold

Over the term of the lease

Fixtures, fittings & equipment

10% - 25% of net book value

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

1.6

Deferred taxation

Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 1 April 2015 & at 31 March 2016

82,452

Depreciation

At 1 April 2015

54,320

Charge for the year

3,578

At 31 March 2016

57,898

Net book value

At 31 March 2016

24,554

At 31 March 2015

28,132

HAMBLETON DECORATING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

2 Ordinary shares of £1 each