Hugh Nunn Wholesale Ltd - Period Ending 2016-03-31

Registration number: 09473059

Hugh Nunn Wholesale Ltd

Unaudited Abbreviated Accounts

for the Period from 5 March 2015 to 31 March 2016

 

Hugh Nunn Wholesale Ltd
(Registration number: 09473059)
Abbreviated Balance Sheet at 31 March 2016

		Note			31 March 2016 £
Fixed assets
Tangible fixed assets					2,062
Current assets
Stocks					5,420
Debtors					21,426
Cash at bank and in hand					16,168
					43,014
Creditors: Amounts falling due within one year					(24,446)
Net current assets					18,568
Net assets					20,630
Capital and reserves
Called up share capital		3			100
Profit and loss account					20,530
Shareholders' funds					20,630

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 5 December 2016 and signed on its behalf by:

.........................................
Mrs P S Dawson
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Hugh Nunn Wholesale Ltd
Notes to the Abbreviated Accounts for the Period from 5 March 2015 to 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

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).

Turnover

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

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	25% reducing balance

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		2,550			2,550
At 31 March 2016		2,550			2,550
Depreciation
Charge for the period		488			488
At 31 March 2016		488			488
Net book value
At 31 March 2016		2,062			2,062

Page 2

Hugh Nunn Wholesale Ltd
Notes to the Abbreviated Accounts for the Period from 5 March 2015 to 31 March 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	31 March 2016
		No.			£
Ordinary shares of £1 each		100			100

New shares allotted

During the period 100 ordinary £1 shares having an aggregate nominal value of £100 were allotted for an aggregate consideration of £100. The shares were issued at par for cash on incorporation.

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