2013-05-01
true
false
Private Limited Company
05069789
2014-04-30
05069789
2013-05-01
2014-04-30
05069789
2013-04-30
05069789
2012-05-01
2013-04-30
05069789
uk-bus:Director1
2013-05-01
2014-04-30
05069789
uk-gaap:LandBuildings
2013-05-01
2014-04-30
05069789
uk-gaap:FixturesFittings
2013-05-01
2014-04-30
05069789
uk-bus:AllOrdinaryShares
2014-04-30
iso4217:GBP
For the year ended 30 April 2014
Unaudited Abbreviated Financial Statements
England and Wales
Registered Number: 05069789
2
Hearts Club Limited
For the year ended 30 April 2014
1
Balance Sheet
2 to 4
Notes to the Abbreviated Financial Statements
3
| Abbreviated Balance Sheet |
Hearts Club Limited
2014
2013
2
461,617
494,590
3
194,870
223,730
83,391
83,391
4
739,878
801,711
13,840
8,996
24,999
21,068
15,739
14,189
45,803
53,028
| Creditors: amounts falling due within one year |
(198,897)
(251,051)
(145,869)
(205,248)
Net current liabilities
| Total assets less current liabilities |
534,630
655,842
| Creditors: amounts falling due after more than one year |
5
(565,801)
(555,801)
-
(8,000)
| Provisions for liabilities |
(21,171)
Net assets/liabilities
82,041
1
6
1
5,000
5,000
(26,172)
77,040
(21,171)
82,041
Shareholders funds
| For the year ended 30 April 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476, |
| 2) The director acknowledges his 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. |
| Date approved by the board: 08 October 2014 |
| Signed on behalf of the board of directors |
1 of 4
4
| Notes to the Abbreviated Financial Statements |
Hearts Club Limited
For the year ended 30 April 2014
| The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). The company and its subsidiary undertakings comprise a small group. The company has taken advantage of the exemption provided by s.398 of the Companies Act 2006 not to prepare group accounts. The financial statements therefore present information about the company as an individual undertaking and not about its group. |
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
| Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted. |
| Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. |
| Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated |
| expected useful economic life of the goodwill of 20 years. |
| Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost or valuatin of fixed assets, less their estimated residual value, over their expected useful lives on the following bases; |
Leasehold Improvements
| Over the lease term Straight line |
Fixtures and Fittings
| 15% - 25% Reducing balance |
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
2 of 4
5
| Notes to the Abbreviated Financial Statements |
Hearts Club Limited
For the year ended 30 April 2014
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
| 2 Intangible fixed assets |
659,454
659,454
164,864
32,973
Charge for year
197,837
461,617
494,590
465,142
9,504
(800)
473,846
241,412
(757)
38,321
Charge for year
278,976
194,870
223,730
3 of 4
6
| Notes to the Abbreviated Financial Statements |
Hearts Club Limited
For the year ended 30 April 2014
| 4 Fixed asset investments |
83,391
83,391
| The company holds 100% of the ordinary share capital of Jean Graham Salons Limited, a dormant company. The aggregate amount of share capital and reserves of Jean Graham Salons Limited as at 30 April 2014 was £83391 (2013 £83391). There was no profit or loss for the year. The value of the shares held has been reduced to the total of the net assets of Jean Graham Salons Limited. |
| 5 Creditors due after more than one year |
The loan notes are repayable in 2019 and carry interest at 4% per annum.
| Allotted called up and fully paid |
2014
2013
| 106 Ordinary shares of £0.01 each |
1
1
1
1
4 of 4
