W.D. Hobden Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 08418292 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

W.D. HOBDEN LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

W D Hobden

REGISTERED OFFICE:

48 The Paddock

Hadlow

Tonbridge

Kent

TN11 0HF

REGISTERED NUMBER:

08418292 (England and Wales)

ACCOUNTANT:

Peter Young

Chartered Accountant

Orchard Cottage

Stanford Lane

Hadlow

Tonbridge

Kent

TN11 0JP

FIXED ASSETS

Intangible assets

2

21,000

24,000

Tangible assets

3

47,705

29,982

68,705

53,982

CURRENT ASSETS

Stocks

8,500

7,500

Debtors

23,140

45,818

Cash at bank

193,060

45,570

224,700

98,888

CREDITORS

Amounts falling due within one year

164,749

110,791

NET CURRENT ASSETS/(LIABILITIES)

59,951

(11,903

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

128,656

42,079

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

128,556

41,979

SHAREHOLDERS' FUNDS

128,656

42,079

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 director acknowledges his 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 director on 21 December 2016 and were signed by:

W D Hobden - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

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

-

25% 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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

30,000

AMORTISATION

At 1 April 2015

6,000

Amortisation for year

3,000

At 31 March 2016

9,000

NET BOOK VALUE

At 31 March 2016

21,000

At 31 March 2015

24,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

47,146

Additions

31,059

At 31 March 2016

78,205

DEPRECIATION

At 1 April 2015

17,164

Charge for year

13,336

At 31 March 2016

30,500

NET BOOK VALUE

At 31 March 2016

47,705

At 31 March 2015

29,982

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

Ordinary

1

100