Herne Hill Books Limited - Limited company accounts 16.1

REGISTERED NUMBER: 06872506 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2016

FOR

HERNE HILL BOOKS LIMITED

Page

Company Information

1

Report of the Directors

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

Ms N S Kastner

A Kenward

E M Mcgarry

SECRETARY:

REGISTERED OFFICE:

37 Chart Place

Wigmore

Gillingham

Kent

ME8 0LW

REGISTERED NUMBER:

06872506 (England and Wales)

ACCOUNTANTS:

J Parish & Co

295 High Street

Rainham

Gillingham

Kent

ME8 8DS

The directors present their report with the financial statements of the company for the year ended 30 April 2016.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 May 2015 to the date of this report.

Ms N S Kastner

A Kenward

E M Mcgarry

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

E M Mcgarry - Director

25 January 2017

TURNOVER

100,842

102,276

Cost of sales

53,539

53,372

GROSS PROFIT

47,303

48,904

Administrative expenses

45,140

47,028

OPERATING PROFIT and

PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION

2

2,163

1,876

Tax on profit on ordinary activities

3

260

-

PROFIT FOR THE FINANCIAL YEAR

1,903

1,876

FIXED ASSETS

Tangible assets

5

1,870

2,493

CURRENT ASSETS

Stocks

14,954

13,200

Debtors

6

-

185

Cash at bank

2,638

-

17,592

13,385

CREDITORS

Amounts falling due within one year

7

19,915

16,334

NET CURRENT LIABILITIES

(2,323

)

(2,949

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(453

)

(456

)

CAPITAL AND RESERVES

Called up share capital

8

3

Profit and loss account

9

(456

)

(459

)

SHAREHOLDERS' FUNDS

(453

)

(456

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements were approved by the Board of Directors on 25 January 2017 and were signed on its behalf by:

E M Mcgarry - 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

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

items.

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.	OPERATING PROFIT

The operating profit is stated after charging:

30.4.16

30.4.15

£

Depreciation - owned assets

623

831

Directors' remuneration and other benefits etc

-

3.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the year was as follows:

30.4.16

30.4.15

£

Current tax:

UK corporation tax

260

-

Tax on profit on ordinary activities

260

-

4.

DIVIDENDS

30.4.16

30.4.15

£

ordinary shares of 1 each

Final

1,900

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2015

and 30 April 2016

10,071

DEPRECIATION

At 1 May 2015

7,578

Charge for year

623

At 30 April 2016

8,201

NET BOOK VALUE

At 30 April 2016

1,870

At 30 April 2015

2,493

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.16

30.4.15

£

Trade debtors

-

185

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.16

30.4.15

£

Trade creditors

3,810

-

Taxation and social security

260

3,521

Other creditors

15,845

12,813

19,915

16,334

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

3

ordinary

1

3

9.

RESERVES

Profit

and loss

account

£

At 1 May 2015

(459

)

Profit for the year

1,903

Dividends

(1,900

)

At 30 April 2016

(456

)