David Hart (Santo) Limited - Limited company - abbreviated

REGISTERED NUMBER: 04663443 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2014

FOR

DAVID HART (SANTO) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D J Hart

Mrs P Hart

REGISTERED OFFICE:

The Foundry

9 Park Lane

Puckeridge

Ware

Hertfordshire

SG11 1RL

REGISTERED NUMBER:

04663443 (England and Wales)

ACCOUNTANTS:

Janelle Lankester

Chartered Accountants

The Foundry

9 Park Lane

Puckeridge

Ware

Hertfordshire

SG11 1RL

FIXED ASSETS

Intangible assets

2

86,275

95,861

Tangible assets

3

4,790

5,988

91,065

101,849

CURRENT ASSETS

Stocks

86,926

100,898

Debtors

85,354

110,677

Cash at bank

128,584

130,447

300,864

342,022

CREDITORS

Amounts falling due within one year

61,139

71,303

NET CURRENT ASSETS

239,725

270,719

TOTAL ASSETS LESS CURRENT
LIABILITIES

330,790

372,568

PROVISIONS FOR LIABILITIES

355

462

NET ASSETS

330,435

372,106

CAPITAL AND RESERVES

Called up share capital

4

1,000

Profit and loss account

329,435

371,106

SHAREHOLDERS' FUNDS

330,435

372,106

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2014 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 30th June 2014 and were signed on its behalf by:

D J Hart - Director

Mrs P Hart - 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 April 2008).

Turnover

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

Patents and trade marks

Patents and trade marks are amortised over their expected useful lives within the company being 20 years. They

were purchased in 2003.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33.33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Pensions

The company operates a defined contribution pension scheme. Contributions payable for the year are charged in

the profit and loss account.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2013

and 31st March 2014

191,723

AMORTISATION

At 1st April 2013

95,862

Amortisation for year

9,586

At 31st March 2014

105,448

NET BOOK VALUE

At 31st March 2014

86,275

At 31st March 2013

95,861

The patent and trade mark costs had historically not been amortised in the financial statements. These are now

being amortised resulting in the prior year adjustment in the financial statements.

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2013

and 31st March 2014

27,987

DEPRECIATION

At 1st April 2013

21,999

Charge for year

1,198

At 31st March 2014

23,197

NET BOOK VALUE

At 31st March 2014

4,790

At 31st March 2013

5,988

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

as restated

£

1,000

Ordinary

£1

1,000

David Hart (Santo) Limited - Limited company - abbreviated - 11.0.0

David Hart (Santo) Limited - Limited company - abbreviated - 11.0.0