Abbreviated Company Accounts - RUSSELL HALLIWELL LTD

RUSSELL HALLIWELL LTD - Company Information

09596162 RUSSELL HALLIWELL LTD 2016-02-28 false 2015-05-18 2016-02-28 true 09596162 2015-05-18 2016-02-28 09596162 2016-02-28 09596162 uk-gaap-cd-bus:Director1 2015-05-18 2016-02-28 09596162 uk-gaap-cd-bus:Director2 2015-05-18 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-18 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2016-02-28 iso4217:GBP shares

Registered Number 09596162

RUSSELL HALLIWELL LTD

Abbreviated Accounts

28 February 2016

RUSSELL HALLIWELL LTD Registered Number 09596162

Abbreviated Balance Sheet as at 28 February 2016

	Notes	2016
		£
Fixed assets
Tangible assets	2	5,115
		5,115
Current assets
Debtors		3,346
Cash at bank and in hand		345
		3,691
Creditors: amounts falling due within one year		(159,105)
Net current assets (liabilities)		(155,414)
Total assets less current liabilities		(150,299)
Total net assets (liabilities)		(150,299)
Capital and reserves
Called up share capital	3	100
Profit and loss account		(150,399)
Shareholders' funds		(150,299)

For the year ending 28 February 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 29 November 2016

And signed on their behalf by:
Mr S Baig, Director

RUSSELL HALLIWELL LTD Registered Number 09596162

Notes to the Abbreviated Accounts for the period ended 28 February 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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).

The company has net current liabilities of £155,414 and net liabilities of £150,299 at the balance sheet date. In order to continue to trade the company is reliant upon the support of its Directors and Shareholders. It has been indicated that this support will continue for the foreseeable future.

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).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
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:

Computer equipment 20% reducing balance

Other accounting policies
Deferred taxation
Deferred taxation 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.

Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2Tangible fixed assets

	£
Cost
Additions	5,795
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2016	5,795
Depreciation
Charge for the year	680
On disposals	-
At 28 February 2016	680
Net book values
At 28 February 2016	5,115

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £
100 Ordinary shares of £1 each	100