Hood Parkes & Co Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08050405 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30th April 2016

for

Hood Parkes & Co Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mrs T J Hood

REGISTERED OFFICE:

1st Floor

28 Market Place

Grantham

Lincolnshire

NG31 6LR

REGISTERED NUMBER:

08050405 (England and Wales)

ACCOUNTANTS:

Hood Parkes & Co

1st Floor

28 Market Place

Grantham

Lincolnshire

NG31 6LR

FIXED ASSETS

Intangible assets

2

54,327

61,950

Tangible assets

3

7,324

4,166

61,651

66,116

CURRENT ASSETS

Debtors

28,266

16,107

Prepayments and accrued income

3,536

676

Cash at bank and in hand

3,102

17,794

34,904

34,577

CREDITORS

Amounts falling due within one year

94,371

95,654

NET CURRENT LIABILITIES

(59,467

)

(61,077

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,184

5,039

PROVISIONS FOR LIABILITIES

632

-

NET ASSETS

1,552

5,039

CAPITAL AND RESERVES

Called up share capital

4

1,000

1,000

Profit and loss account

552

4,039

SHAREHOLDERS' FUNDS

1,552

5,039

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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 8th January 2017 and were signed by:

Mrs T J Hood - 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 2012, 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 cost and 15% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over

the period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st May 2015

and 30th April 2016

90,543

AMORTISATION

At 1st May 2015

28,593

Amortisation for year

7,623

At 30th April 2016

36,216

NET BOOK VALUE

At 30th April 2016

54,327

At 30th April 2015

61,950

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st May 2015

10,902

Additions

6,159

At 30th April 2016

17,061

DEPRECIATION

At 1st May 2015

6,736

Charge for year

3,001

At 30th April 2016

9,737

NET BOOK VALUE

At 30th April 2016

7,324

At 30th April 2015

4,166

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

500

A

Ordinary

1

500

500

500

B Ordinary

1

500

500

1,000

1,000

5.	TRANSACTIONS WITH DIRECTORS

The balance on the Directors Current Account of £54628.88 (2015 - £82448), included in the figure of

Creditors: Amounts falling due within one year, is owed to the directors at the Balance Sheet date (T J

Hood - £54628.88). No date for repayment has been agreed, interest has been charged in respect of the

balance outstanding.