Abbreviated Company Accounts - HERMAN TRADING LIMITED

HERMAN TRADING LIMITED - Company Information

02602899 HERMAN TRADING LIMITED 2016-05-31 false 2015-06-01 2016-05-31 true 02602899 2015-06-01 2016-05-31 02602899 2016-05-31 02602899 2015-05-31 02602899 uk-gaap-cd-bus:Director1 2015-06-01 2016-05-31 02602899 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 iso4217:GBP shares

Registered Number 02602899

HERMAN TRADING LIMITED

Abbreviated Accounts

31 May 2016

HERMAN TRADING LIMITED Registered Number 02602899

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets	2	237,999	237,999
Tangible assets	3	634,204	642,617
Investments		-	-
		872,203	880,616
Current assets
Stocks		195,000	203,208
Debtors		301,144	248,744
Investments		-	-
Cash at bank and in hand		-	-
		496,144	451,952
Creditors: amounts falling due within one year		(507,336)	(468,702)
Net current assets (liabilities)		(11,192)	(16,750)
Total assets less current liabilities		861,011	863,866
Creditors: amounts falling due after more than one year		(387,387)	(433,962)
Total net assets (liabilities)		473,624	429,904
Capital and reserves
Called up share capital	4	10	10
Share premium account		59,992	59,992
Revaluation reserve		407,346	407,346
Profit and loss account		6,276	(37,444)
Shareholders' funds		473,624	429,904

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 28 February 2017

And signed on their behalf by:
K V Chouhan, Director

HERMAN TRADING LIMITED Registered Number 02602899

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax.

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

Improvements to leasehold - 25% on reducing balance
Fixtures & fittings - 25% on reducing balance

2Intangible fixed assets

	£
Cost
At 1 June 2015	382,498
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	382,498
Amortisation
At 1 June 2015	144,499
Charge for the year	-
On disposals	-
At 31 May 2016	144,499
Net book values
At 31 May 2016	237,999
At 31 May 2015	237,999

3Tangible fixed assets

	£
Cost
At 1 June 2015	990,141
Additions	2,400
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	992,541
Depreciation
At 1 June 2015	347,524
Charge for the year	10,813
On disposals	-
At 31 May 2016	358,337
Net book values
At 31 May 2016	634,204
At 31 May 2015	642,617

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
10 Ordinary shares of £1 each	10	10