Howie & Howie Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03240330 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

HOWIE & HOWIE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs P Finn

M Finn

SECRETARY:

Mrs P Finn

REGISTERED OFFICE:

Last Orders

Brewery Road

Trunch

Norfolk

NR28 0PU

REGISTERED NUMBER:

03240330 (England and Wales)

ACCOUNTANTS:

NMP Accounting

Chartered Certified Accountant

3 The Green

Guestwick

Norfolk

NR20 5QA

FIXED ASSETS

Tangible assets

2

1,496

1,870

CURRENT ASSETS

Work in progress

16,239

-

Debtors

22,254

20,102

Cash at bank

10,796

12,689

49,289

32,791

CREDITORS

Amounts falling due within one year

46,300

29,102

NET CURRENT ASSETS

2,989

3,689

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,485

5,559

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

4,385

5,459

SHAREHOLDERS' FUNDS

4,485

5,559

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 23 December 2016 and were signed on
its behalf by:

Mrs P Finn - 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.

Plant and machinery etc

-

20% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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 1 April 2015

and 31 March 2016

9,315

DEPRECIATION

At 1 April 2015

7,445

Charge for year

374

At 31 March 2016

7,819

NET BOOK VALUE

At 31 March 2016

1,496

At 31 March 2015

1,870

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

Ordinary

£1

100