HOXTON_BEACH_LIMITED - Accounts

HOXTON BEACH LIMITED - Company Information

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Company Registration No. 05672965 (England and Wales)

HOXTON BEACH LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2016

HOXTON BEACH LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

HOXTON BEACH LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

63,762

42,155

Current assets

Stocks

17,351

29,148

Debtors

14,167

12,426

Cash at bank and in hand

246

2,663

31,764

44,237

Creditors: amounts falling due within one year

(75,414)

(72,949)

Net current liabilities

(43,650)

(28,712)

Total assets less current liabilities

20,112

13,443

Creditors: amounts falling due after more than one year

(4,535)

Provisions for liabilities

(4,735)

(6,135)

15,377

2,773

Capital and reserves

Called up share capital

Profit and loss account

15,376

2,772

Shareholders' funds

15,377

2,773

HOXTON BEACH LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 APRIL 2016

- 2 -

For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 27 February 2017

Mr P C Mathews

Director

Company Registration No. 05672965

HOXTON BEACH LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

- 3 -

Accounting policies

1.1

Accounting convention

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

These financial statements have been prepared on the assumption that the company will continue in operational existence for the foreseeable future.

The validity of this assumption depends on the continuing support of the director, bankers and creditors.

If the company was unable to continue in existence for the foreseeable future, adjustments would be necessary to reduce the balance sheet values of assets to their recoverable amounts, to reclassify fixed assets as current assets and to provide for further liabilities which might arise.

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Tangible fixed assets and depreciation

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:

Computer equipment

33% reducing balance

Fixtures, fittings and equipment

15% reducing balance

Motor vehicles

25% reducing balance

1.4

Stock

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

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

HOXTON BEACH LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2016

- 4 -

Fixed assets

Tangible assets

Cost

At 1 May 2015

93,200

Additions

34,289

Disposals

(6,133)

At 30 April 2016

121,356

Depreciation

At 1 May 2015

51,045

On disposals

(5,519)

Charge for the year

12,068

At 30 April 2016

57,594

Net book value

At 30 April 2016

63,762

At 30 April 2015

42,155

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £0 (2015 - £14,115).

Share capital

2016

2015

Allotted, called up and fully paid

1,000 Ordinary shares of £0.001 each