Holme Valley Pets & Supplies Limited - Abbreviated accounts 16.3

Holme Valley Pets & Supplies Limited - Abbreviated accounts 16.3

HOLME VALLEY PETS & SUPPLIES LIMITED - Company Information

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REGISTERED NUMBER: 09225169 (England and Wales)















Abbreviated Unaudited Accounts

for the Year Ended 31 October 2016

for

Holme Valley Pets & Supplies Limited

Holme Valley Pets & Supplies Limited (Registered number: 09225169)






Contents of the Abbreviated Accounts
for the year ended 31 October 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Holme Valley Pets & Supplies Limited

Company Information
for the year ended 31 October 2016







DIRECTORS: T F Woodhead
M A Lenart-Rearden
M J Rearden





REGISTERED OFFICE: Unit 10 Albion Mills
Miry Lane
Thongsbridge
Holmfirth
West Yorkshire
HD9 7HP





REGISTERED NUMBER: 09225169 (England and Wales)





Page 1
Holme Valley Pets & Supplies Limited (Registered number: 09225169)

Abbreviated Balance Sheet
31 October 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 16,000 18,000
Tangible assets 3 7,285 9,651
23,285 27,651

CURRENT ASSETS
Stocks 27,376 26,426
Debtors 2,460 4,124
Cash at bank and in hand 3,293 5,500
33,129 36,050
CREDITORS
Amounts falling due within one year 60,568 65,756
NET CURRENT LIABILITIES (27,439 ) (29,706 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(4,154
)
(2,055
)

PROVISIONS FOR LIABILITIES 1,457 269
NET LIABILITIES (5,611 ) (2,324 )

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account (5,711 ) (2,424 )
SHAREHOLDERS' FUNDS (5,611 ) (2,324 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these abbreviated accounts

Page 2 continued...
Holme Valley Pets & Supplies Limited (Registered number: 09225169)

Abbreviated Balance Sheet - continued
31 October 2016


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 Board of Directors on 11 January 2017 and were signed on its behalf by:





T F Woodhead - Director


The notes form part of these abbreviated accounts

Page 3
Holme Valley Pets & Supplies Limited (Registered number: 09225169)

Notes to the Abbreviated Accounts
for the year ended 31 October 2016

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The company has net liabilities and is technically insolvent. The financial statements have been prepared on the
going concern basis which assumes that the company will continue in operational existence for the foreseeable
future. The going concern basis is dependant upon the continued support of the directors of the company, who
have agreed not to call on the monies due to enable the company to meet its day to day working capital
requirements.

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 2014, 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.


Fixtures and Fittings - 25% Reducing Balance

Computer Equipment - 33% Straight Line

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

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2015
and 31 October 2016 20,000
AMORTISATION
At 1 November 2015 2,000
Amortisation for year 2,000
At 31 October 2016 4,000
NET BOOK VALUE

At 31 October 2016 16,000
At 31 October 2015 18,000

Page 4 continued...
Holme Valley Pets & Supplies Limited (Registered number: 09225169)

Notes to the Abbreviated Accounts - continued
for the year ended 31 October 2016

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2015 12,942
Additions 210
At 31 October 2016 13,152
DEPRECIATION
At 1 November 2015 3,291
Charge for year 2,576
At 31 October 2016 5,867
NET BOOK VALUE
At 31 October 2016 7,285
At 31 October 2015 9,651

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Normal 1 100 100

Page 5