Hedgerow Publishing Limited - Period Ending 2016-03-31

Registration number: 02303616

Hedgerow Publishing Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

Landin Wilcock & Co
Chartered Accountants
Queen Street Chambers
68 Queen Street
Sheffield
South Yorkshire
S1 1WR

Hedgerow Publishing Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Hedgerow Publishing Limited
for the Year Ended 31 March 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Hedgerow Publishing Limited for the year ended 31 March 2016 set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Hedgerow Publishing Limited, as a body, in accordance with the terms of our engagement letter . Our work has been undertaken solely to prepare for your approval the accounts of Hedgerow Publishing Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hedgerow Publishing Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Hedgerow Publishing Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Hedgerow Publishing Limited. You consider that Hedgerow Publishing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Hedgerow Publishing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Landin Wilcock & Co
Chartered Accountants
Queen Street Chambers
68 Queen Street
Sheffield
South Yorkshire
S1 1WR

15 December 2016

Page 1

Hedgerow Publishing Limited
(Registration number: 02303616)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			6,118			7,214
Current assets
Stocks					40,252			38,827
Debtors					6,334			10,948
Cash at bank and in hand					2,273			2,843
					48,859			52,618
Creditors: Amounts falling due within one year					(14,521)			(31,160)
Net current assets					34,338			21,458
Total assets less current liabilities					40,456			28,672
Creditors: Amounts falling due after more than one year					(22,000)			(22,000)
Net assets					18,456			6,672
Capital and reserves
Called up share capital		3			150,000			150,000
Profit and loss account					(131,544)			(143,328)
Shareholders' funds					18,456			6,672

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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 2

Hedgerow Publishing Limited
(Registration number: 02303616)
Abbreviated Balance Sheet at 31 March 2016
......... continued

Approved by the Board on 11 December 2016 and signed on its behalf by:

.........................................
Edward Tyzack John Hunt
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

Hedgerow Publishing Limited
Notes to the Abbreviated Accounts for the Year Ended 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).

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods to customers. Revenue is recognised net of rebates and discounts on the transfer of significant risks and rewards of ownership to the buyer.

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
Fixtures and fittings	20% reducing balance
Photographic equipment	20% 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.

Page 4

Hedgerow Publishing Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		96,791			96,791
Additions		433			433
At 31 March 2016		97,224			97,224
Depreciation
At 1 April 2015		89,577			89,577
Charge for the year		1,529			1,529
At 31 March 2016		91,106			91,106
Net book value
At 31 March 2016		6,118			6,118
At 31 March 2015		7,214			7,214

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		150,000			150,000			150,000			150,000

4

Control

The company is controlled by Cleden Holdings Limited. The company's entire ordinary share capital is owned by Cleden Holdings Limited, a company which is controlled by Mr E T J Hunt.

Page 5