ACCOUNTS - Final Accounts preparation

HENSON CRISP (EAST ANGLIA) LIMITED - Company Information

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Registered number: 07010872

HENSON CRISP (EAST ANGLIA) LIMITED

UNAUDITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

HENSON CRISP (EAST ANGLIA) LIMITED

REGISTERED NUMBER: 07010872

ABBREVIATED BALANCE SHEET

AS AT 31 JULY 2016

2016

2015

	Note	£	£	£	£
FIXED ASSETS
Tangible assets	2		67		89

CURRENT ASSETS
Debtors	-		3,634
Cash at bank	16,740		26,233

	16,740		29,867
CREDITORS: amounts falling due within one year	(16,487)		(14,062)
NET CURRENT ASSETS		253		15,805

TOTAL ASSETS LESS CURRENT LIABILITIES

320

15,894

PROVISIONS FOR LIABILITIES
Deferred tax	(14)	(18)
NET ASSETS	306	15,876

CAPITAL AND RESERVES
Called up share capital	3	200	200
Profit and loss account		106	15,676

SHAREHOLDERS' FUNDS

306

15,876

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HENSON CRISP (EAST ANGLIA) LIMITED

ABBREVIATED BALANCE SHEET (continued)

AS AT 31 JULY 2016

The director considers that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 July 2016 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf by the sole director:

Mr J Crisp

Director

Date: 2 November 2016

The notes on pages 3 to 4 form part of these financial statements.

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HENSON CRISP (EAST ANGLIA) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

1.ACCOUNTING POLICIES

	1.1	Basis of preparation of financial statements
		The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	1.2	Turnover
		Turnover comprises revenue recognised by the company in respect of financial and wealth services supplied during the year, exclusive of Value Added Tax. Revenue is recognised on completion of the service.

	1.3	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 of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

				Fixtures and fittings	-	25% reducing balance
				Computer equipment	-	25% straight line

	1.4	Deferred taxation
		Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation.
		A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse. Deferred tax assets and liabilities are not discounted.

	1.5	Pensions
		The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

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HENSON CRISP (EAST ANGLIA) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

2.TANGIBLE FIXED ASSETS

		£
	Cost
	At 1 August 2015 and 31 July 2016	1,460

	Depreciation
	At 1 August 2015	1,371
	Charge for the year	22
	At 31 July 2016	1,393

	Net book value
	At 31 July 2016	67
	At 31 July 2015	89

3.SHARE CAPITAL

	2016	2015
	£	£
Allotted, called up and fully paid

100 Ordinary 'A' shares of £1 each	100	100
100 Ordinary 'B' shares of £1 each	100	100

	200	200

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