Happy Billy Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 07521068 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 28th February 2016

for

HAPPY BILLY LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr M Kaye

REGISTERED OFFICE:

Flat 28

8 - 10 Richmond Terrace

Old College House

Brighton

Sussex

BN2 9SY

REGISTERED NUMBER:

07521068 (England and Wales)

ACCOUNTANTS:

Pebble Outsourcing Ltd

2 Digital Park

Pacific Way

Salford Quays

M50 1DR

FIXED ASSETS

Tangible assets

2

523

1,220

CURRENT ASSETS

Debtors

1,191

5,255

Cash at bank

24,560

41,155

25,751

46,410

CREDITORS

Amounts falling due within one year

5,375

14,634

NET CURRENT ASSETS

20,376

31,776

TOTAL ASSETS LESS CURRENT
LIABILITIES

20,899

32,996

PROVISIONS FOR LIABILITIES

105

244

NET ASSETS

20,794

32,752

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

20,792

32,750

SHAREHOLDERS' FUNDS

20,794

32,752

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2016 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 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 11th November 2016 and were signed by:

Mr M Kaye - Director

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 services, excluding value added tax.

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 etc

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st March 2015

and 28th February 2016

2,091

DEPRECIATION

At 1st March 2015

871

Charge for year

697

At 28th February 2016

1,568

NET BOOK VALUE

At 28th February 2016

523

At 28th February 2015

1,220

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1

Class A Ordinary Share

£1

1

Class B Ordinary Share

£1

1

2

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at the period end 28 February 2016, there was a balance of £3 (2015: debtor £17) owing to the company from

the director which is included in debtors.

This amount is interest free and repayable upon demand.

5.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr M Kaye.