Abbreviated Company Accounts - JOSEPH E. HESS LIMITED

JOSEPH E. HESS LIMITED - Company Information

Registered Number 05465672

JOSEPH E. HESS LIMITED

Abbreviated Accounts

31 August 2016

JOSEPH E. HESS LIMITED Registered Number 05465672

Abbreviated Balance Sheet as at 31 August 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	5,891	6,546
		5,891	6,546
Current assets
Stocks		32,547	31,131
Debtors		28,079	13,162
Cash at bank and in hand		11,347	34,125
		71,973	78,418
Creditors: amounts falling due within one year		(77,602)	(63,178)
Net current assets (liabilities)		(5,629)	15,240
Total assets less current liabilities		262	21,786
Creditors: amounts falling due after more than one year		-	(10,730)
Provisions for liabilities		-	(1,222)
Total net assets (liabilities)		262	9,834
Capital and reserves
Called up share capital		250	250
Profit and loss account		12	9,584
Shareholders' funds		262	9,834

For the year ending 31 August 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 3 April 2017

And signed on their behalf by:
Mr J Hess, Director

JOSEPH E. HESS LIMITED Registered Number 05465672

Notes to the Abbreviated Accounts for the period ended 31 August 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 the total invoice value, excluding value added tax, of sales made during the year and the extent to which a right to consideration has been established and derives from the provision of goods and services falling within the company's ordinary activities.

Tangible assets depreciation policy
Fixtures, fittings and equipment - 10% Reducing Balance

2Tangible fixed assets

	£
Cost
At 1 September 2015	12,817
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2016	12,817
Depreciation
At 1 September 2015	6,271
Charge for the year	655
On disposals	-
At 31 August 2016	6,926
Net book values
At 31 August 2016	5,891
At 31 August 2015	6,546