Problem Hooves Limited - Abbreviated accounts

WILLOW EQUISHOE LIMITED - Company Information

Registered number

08622281

Problem Hooves Limited

Unaudited Abbreviated Accounts

31 March 2016

Problem Hooves Limited

Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Problem Hooves Limited for the year ended 31 March 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Problem Hooves Limited for the year ended 31 March 2016 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation.

Becketts
Chartered Accountants
Unit 1 Waterside
Old Boston Road
Wetherby
West Yorkshire
LS22 5NB

31 December 2016

Problem Hooves Limited
Registered number:		08622281
Abbreviated Balance Sheet
as at 31 March 2016

Notes			2016			2015
£				£
Fixed assets
Intangible assets	2		4,000			6,000
Tangible assets	3		13,682			18,000
			17,682			24,000

Current assets
Debtors		12,007			6,438
Cash at bank and in hand		6,308			2,590
		18,315			9,028

Creditors: amounts falling due within one year		(25,855)			(19,188)

Net current liabilities			(7,540)			(10,160)

Total assets less current liabilities			10,142			13,840

Creditors: amounts falling due after more than one year			(7,215)			(10,500)

Provisions for liabilities			(2,736)			(3,000)


Net assets			191			340

Capital and reserves
Called up share capital	4		100			100
Profit and loss account			91			240

Shareholder's funds			191			340

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



R D Compton
Director
Approved by the board on 31 December 2016

Problem Hooves Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2016

1	Accounting policies

	Basis of preparation
	The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Equipment			25% reducing balance

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.


2	Intangible fixed assets					£

	Cost
	At 1 April 2015					10,000
	At 31 March 2016					10,000

	Amortisation
	At 1 April 2015					4,000
	Provided during the year					2,000
	At 31 March 2016					6,000

	Net book value
	At 31 March 2016					4,000
	At 31 March 2015					6,000


3	Tangible fixed assets					£

	Cost
	At 1 April 2015					20,000
	Additions					243
	At 31 March 2016					20,243

	Depreciation
	At 1 April 2015					2,000
	Charge for the year					4,561
	At 31 March 2016					6,561

	Net book value
	At 31 March 2016					13,682
	At 31 March 2015					18,000


4	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100