Abbreviated Company Accounts - HEMEEMA LIMITED

02583240 HEMEEMA LIMITED 2016-05-31 false 2015-06-01 2016-05-31 true 02583240 2015-06-01 2016-05-31 02583240 2016-05-31 02583240 2015-05-31 02583240 uk-gaap-cd-bus:Director1 2015-06-01 2016-05-31 02583240 uk-gaap-cd-bus:Director2 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 uk-gaap-cd-bus:PreferenceShareClass1 2015-06-01 2016-05-31 uk-gaap-cd-bus:PreferenceShareClass1 2016-05-31 uk-gaap-cd-bus:PreferenceShareClass1 2015-05-31 iso4217:GBP shares

Registered Number 02583240

HEMEEMA LIMITED

Abbreviated Accounts

31 May 2016

HEMEEMA LIMITED Registered Number 02583240

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	1	1
Tangible assets	3	19,276	18,911
Investments	4	141,464	141,464
		160,741	160,376
Current assets
Stocks		60,308	61,735
Debtors		1,845,425	1,868,095
Cash at bank and in hand		112,370	12,654
		2,018,103	1,942,484
Creditors: amounts falling due within one year		(196,552)	(164,187)
Net current assets (liabilities)		1,821,551	1,778,297
Total assets less current liabilities		1,982,292	1,938,673
Provisions for liabilities		(755)	(207)
Total net assets (liabilities)		1,981,537	1,938,466
Capital and reserves
Called up share capital	5	552	552
Profit and loss account		1,980,985	1,937,914
Shareholders' funds		1,981,537	1,938,466

For the year ending 31 May 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 23 February 2017

And signed on their behalf by:
Mr P B Modasia, Director

HEMEEMA LIMITED Registered Number 02583240

Notes to the Abbreviated Accounts for the period ended 31 May 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts 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 sales made during the year
and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Leasehold properties - Straight line over the life of the lease
Fixtures, fittings
and equipment - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer
equipments - 25% reducing balance

Other accounting policies
Leasing :
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Stock :
Stock is valued at the lower of cost and net realisable value.
Related party transactions :
The company was under the control of Mr P B Modasia throughout the year. Mr P B Modasia is the
managing director and shareholder beneficiary. At the end of the year, company owe £57,031 (2015 : £36,485) from D Parry Pharmacy (Sole proprietorship of Mr P B Modasia).

2Intangible fixed assets

	£
Cost
At 1 June 2015	361,900
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	361,900
Amortisation
At 1 June 2015	361,899
Charge for the year	-
On disposals	-
At 31 May 2016	361,899
Net book values
At 31 May 2016	1
At 31 May 2015	1

Goodwill
Acquired goodwill is written off in equal annual installments over its estimated useful economic life of 5 years.

3Tangible fixed assets

	£
Cost
At 1 June 2015	126,039
Additions	6,916
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	132,955
Depreciation
At 1 June 2015	107,128
Charge for the year	6,551
On disposals	-
At 31 May 2016	113,679
Net book values
At 31 May 2016	19,276
At 31 May 2015	18,911

4Fixed assets Investments
Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.
Cost Investment
At 1 June 2015 141464
At 31 May 2016 141464
Net Book Value
At 31 May 2016 141464
At 31 May 2015 141464

5Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2
550 B Preference shares of £1 each	550	550