Abbreviated Company Accounts - HEART OF SOHO LIMITED

HEART OF SOHO LIMITED - Company Information

03357257 HEART OF SOHO LIMITED 2016-04-30 false 2015-05-01 2016-04-30 true 03357257 2015-05-01 2016-04-30 03357257 2016-04-30 03357257 2015-04-30 03357257 uk-gaap-cd-bus:Director1 2015-05-01 2016-04-30 03357257 uk-gaap-cd-bus:Director2 2015-05-01 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-01 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-30 iso4217:GBP shares

Registered Number 03357257

HEART OF SOHO LIMITED

Abbreviated Accounts

30 April 2016

HEART OF SOHO LIMITED Registered Number 03357257

Abbreviated Balance Sheet as at 30 April 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	7,413	13,608
		7,413	13,608
Current assets
Stocks		170,662	160,227
Debtors		159,285	105,210
Cash at bank and in hand		14,824	12,169
		344,771	277,606
Creditors: amounts falling due within one year		(317,062)	(266,307)
Net current assets (liabilities)		27,709	11,299
Total assets less current liabilities		35,122	24,907
Total net assets (liabilities)		35,122	24,907
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		35,120	24,905
Shareholders' funds		35,122	24,907

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 24 January 2017

And signed on their behalf by:
S A Topham, Director

HEART OF SOHO LIMITED Registered Number 03357257

Notes to the Abbreviated Accounts for the period ended 30 April 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of goods sold and services
rendered during the year.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Long leasehold land and buildings Over the life of the lease
Computer equipment 33% straight line
Office furniture and fittings 33% straight line

Other accounting policies
Stock
Stock is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 May 2015	62,251
Additions	3,146
Disposals	(495)
Revaluations	-
Transfers	-
At 30 April 2016	64,902
Depreciation
At 1 May 2015	48,643
Charge for the year	9,310
On disposals	(464)
At 30 April 2016	57,489
Net book values
At 30 April 2016	7,413
At 30 April 2015	13,608

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2