Rachel Horner Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04702145 (England and Wales)

RACHEL HORNER LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

R A Horner

SECRETARY:

J Horner

REGISTERED OFFICE:

53 High Street

Swinefleet

Goole

East Yorkshire

DN14 8AQ

REGISTERED NUMBER:

04702145 (England and Wales)

CURRENT ASSETS

Stocks

66,115

65,000

Cash at bank

134

704

66,249

65,704

CREDITORS

Amounts falling due within one year

3

51,818

47,593

NET CURRENT ASSETS

14,431

18,111

TOTAL ASSETS LESS CURRENT
LIABILITIES

14,431

18,111

CREDITORS

Amounts falling due after more than one
year

3

28,787

33,265

NET LIABILITIES

(14,356

)

(15,154

)

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

(14,456

)

(15,254

)

SHAREHOLDERS' FUNDS

(14,356

)

(15,154

)

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 her 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 15 December 2016 and were signed by:

R A Horner - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts have been prepared using the going concern basis, the company has a profit for the year of £798

(2015: £447) and having net liabilities of £14,356 (2015: £15,154). The director feels this basis is appropriate as

the company has the continued support of its bank and other principal creditors, and there is an expectation of a

return to profitability in the foreseeable future due to relocation of premises.

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

-

25% on cost and 20% on cost

Stocks

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

moving items.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

5,741

DEPRECIATION

At 1 April 2015

and 31 March 2016

5,741

NET BOOK VALUE

At 31 March 2016

-

At 31 March 2015

-

3.

CREDITORS

Creditors include an amount of £ 42,068 (2015 - £ 46,298 ) for which security has been given.

They also include the following debts falling due in more than five years:

2016

2015

£

Repayable by instalments

14,080

12,019

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100