Abbreviated Company Accounts - 1014 H&B LTD

08953552 1014 H&B LTD 2016-03-31 false 2015-04-01 2016-03-31 true 08953552 2015-04-01 2016-03-31 08953552 2016-03-31 08953552 2015-03-31 08953552 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 08953552 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 08953552

1014 H&B LTD

Abbreviated Accounts

31 March 2016

1014 H&B LTD Registered Number 08953552

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	30,135	35,196
		30,135	35,196
Current assets
Stocks		5,225	5,750
Debtors		1,585	3,046
Cash at bank and in hand		632	1,198
		7,442	9,994
Creditors: amounts falling due within one year		(122,839)	(92,103)
Net current assets (liabilities)		(115,397)	(82,109)
Total assets less current liabilities		(85,262)	(46,913)
Creditors: amounts falling due after more than one year		(7,250)	-
Total net assets (liabilities)		(92,512)	(46,913)
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		(92,513)	(46,914)
Shareholders' funds		(92,512)	(46,913)

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 26 December 2016

And signed on their behalf by:
Ms L Wall, Director

1014 H&B LTD Registered Number 08953552

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year
and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 15% reducing balance method

Other accounting policies
Leasing :
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Stock :
Stock is valued at the lower of cost and net realisable value.

Going concern :
At the balance sheet date, the company had net liabilities. It is reliant on the support by the director, who have lent the company a loan.

On the basis that the director will continue to support the reporting entity for the foreseeable future, the director consider it appropriate to prepare the financial statements on a going concern basis.

The financial statements do not include any adjustments that would result from a withdrawal of the
support of the director.

2Tangible fixed assets

	£
Cost
At 1 April 2015	41,407
Additions	257
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	41,664
Depreciation
At 1 April 2015	6,211
Charge for the year	5,318
On disposals	-
At 31 March 2016	11,529
Net book values
At 31 March 2016	30,135
At 31 March 2015	35,196

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

	2016 £	2015 £
1 Ordinary shares of £1 each	1	1