SplendidHand Limited - Period Ending 2016-04-30

Registration number: 09562443

SplendidHand Limited
 
trading as SplendidHand
 
  Unaudited Abbreviated Accounts
 
  for the Period from 27 April 2015 to 30 April 2016
 
 

Balance Accounts Limited
Chartered Certified Accountants
28 Brock Street
Bath
BA1 2LN

SplendidHand Limited
trading as SplendidHand
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

SplendidHand Limited
trading as SplendidHand
(Registration number: 09562443)
Abbreviated Balance Sheet at 30 April 2016

		Note			30 April 2016 £
Fixed assets
Tangible fixed assets					11,206
Current assets
Debtors					4,412
Cash at bank and in hand					5,102
					9,514
Creditors: Amounts falling due within one year					(18,441)
Net current liabilities					(8,927)
Total assets less current liabilities					2,279
Provisions for liabilities					(1,259)
Net assets					1,020
Capital and reserves
Called up share capital		3			10
Profit and loss account					1,010
Shareholders' funds					1,020

For the year ending 30 April 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 5 January 2017 and signed on its behalf by:

.........................................
Mr S L J S St Leger
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

SplendidHand Limited
trading as SplendidHand
(Registration number: 09562443)
Abbreviated Balance Sheet at 30 April 2016
......... continued

.........................................
Ms S Takens-Milne
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

SplendidHand Limited
trading as SplendidHand
Notes to the Abbreviated Accounts for the Period from 27 April 2015 to 30 April 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Going concern

The financial statements have been prepared on a going concern basis.

The company had net liabilities at the end of the period of £8,927 therefore we have considered the
appropriateness of using the going concern basis.

In current liabilities is an amount of £15,445 owed to the directors. As the directors have confirmed their continued support of the company, SplendidHand Ltd will be able to continue to meet its liabilities as they fall due. It is expected that this support will continue and therefore the going concern basis is considered to be appropriate.

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Buildings	20% reducing balance
Office equipment	25% straight line or reducing balance depending on asset

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Page 3

SplendidHand Limited
trading as SplendidHand
Notes to the Abbreviated Accounts for the Period from 27 April 2015 to 30 April 2016
......... continued

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		12,784			12,784
At 30 April 2016		12,784			12,784
Depreciation
Charge for the period		1,578			1,578
At 30 April 2016		1,578			1,578
Net book value
At 30 April 2016		11,206			11,206

3	Share capital

Allotted, called up and fully paid shares

	30 April 2016
		No.			£
Ordinary shares of £1 each		10			10

New shares allotted

During the period 10 Ordinary shares having an aggregate nominal value of £10 were allotted for an aggregate consideration of £10. Shares were issued on incorporation.

Page 4