Hawkins Ross Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 05869483

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

FOR

HAWKINS ROSS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr A N Ross

Mr N Capstick

SECRETARY:

Mr A N Ross

REGISTERED OFFICE:

6 Finkle Street

Stockton on Tees

TS18 1AR

REGISTERED NUMBER:

05869483

ACCOUNTANTS:

Lyons & Co Ltd

23 Yarm Road

Stockton on Tees

TS18 3NJ

FIXED ASSETS

Intangible assets

2

120,000

Tangible assets

3

4,519

6,723

124,519

126,723

CURRENT ASSETS

Stocks

3,500

3,750

Debtors

6,377

8,694

Cash at bank and in hand

47,629

36,308

57,506

48,752

CREDITORS

Amounts falling due within one year

47,083

55,741

NET CURRENT ASSETS/(LIABILITIES)

10,423

(6,989

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

134,942

119,734

CREDITORS

Amounts falling due after more than one year

40,000

50,000

NET ASSETS

94,942

69,734

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

94,842

69,634

SHAREHOLDERS' FUNDS

94,942

69,734

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 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 20 January 2017 and were signed on its behalf by:

Mr A N Ross - 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 services, excluding value added tax, after adjusting for work in progress.

Goodwill

Goodwill is reviewed on a annual basis by the directors and is shown at cost less amortisation as estimated by the directors

which is equal to market value.

Tangible fixed assets

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

Improvements to property

-

20% on cost

Fixtures and fittings

-

33% on cost and 25% on reducing balance

Stocks

Work in progress is valued at the expected billable value of work carried out but not invoiced at the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

and 31 August 2016

320,000

AMORTISATION

At 1 September 2015

and 31 August 2016

200,000

NET BOOK VALUE

At 31 August 2016

120,000

At 31 August 2015

120,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

and 31 August 2016

16,369

DEPRECIATION

At 1 September 2015

9,646

Charge for year

2,204

At 31 August 2016

11,850

NET BOOK VALUE

At 31 August 2016

4,519

At 31 August 2015

6,723

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/8/16

31/8/15

value:

£

100

Ordinary shares

£1

100

5.	ULTIMATE CONTROLLING PARTY

The company was controlled throughout the year by Mr A N Ross.