Haytor Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04750379 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 May 2016

for

Haytor Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J S Sim

Mrs S A Sim

SECRETARY:

Mrs S A Sim

REGISTERED OFFICE:

Professional Shop

Cooden Beach Golf Club

Cooden Sea Road

Bexhill on Sea

East Sussex

TN39 4TR

REGISTERED NUMBER:

04750379 (England and Wales)

ACCOUNTANTS:

Williams & Co

Chartered Accountants

4 Cambridge Gardens

Hastings

East Sussex

TN34 1EH

FIXED ASSETS

Tangible assets

2

7,444

9,496

CURRENT ASSETS

Stocks

98,450

95,760

Debtors

2,642

495

Cash at bank

44,639

70,485

145,731

166,740

CREDITORS

Amounts falling due within one year

89,984

111,599

NET CURRENT ASSETS

55,747

55,141

TOTAL ASSETS LESS CURRENT
LIABILITIES

63,191

64,637

PROVISIONS FOR LIABILITIES

1,489

1,899

NET ASSETS

61,702

62,738

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

61,700

62,736

SHAREHOLDERS' FUNDS

61,702

62,738

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 13 December 2016 and were signed on its behalf
by:

J S Sim - 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 goods, 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.

Fixtures and fittings

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

21,671

Additions

430

At 31 May 2016

22,101

DEPRECIATION

At 1 June 2015

12,175

Charge for year

2,482

At 31 May 2016

14,657

NET BOOK VALUE

At 31 May 2016

7,444

At 31 May 2015

9,496

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

2

Ordinary shares

£1

2