Positively Mad Hampshire Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06367991 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

POSITIVELY MAD HAMPSHIRE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mrs K R B Shirley

SECRETARY:

Mr J Shirley

REGISTERED OFFICE:

The Ivy House

1 Folly Lane

Petersfield

Hampshire

GU31 4AU

REGISTERED NUMBER:

06367991 (England and Wales)

ACCOUNTANTS:

Wallis White & Co

Accountants and Tax Consultants

The Ivy House

1 Folly Lane

Petersfield

Hampshire

GU31 4AU

FIXED ASSETS

Tangible assets

2

1,387

1,632

CURRENT ASSETS

Debtors

1,915

2,572

CREDITORS

Amounts falling due within one year

8,114

8,673

NET CURRENT LIABILITIES

(6,199

)

(6,101

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,812

)

(4,469

)

CAPITAL AND RESERVES

Called up share capital

3

2

2

Retained earnings

(4,814

)

(4,471

)

SHAREHOLDERS' FUNDS

(4,812

)

(4,469

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 29 June 2017 and were signed by:

Mrs K R B Shirley - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

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

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

Deferred tax

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

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

and 30 September 2016

2,707

DEPRECIATION

At 1 October 2015

1,075

Charge for year

245

At 30 September 2016

1,320

NET BOOK VALUE

At 30 September 2016

1,387

At 30 September 2015

1,632

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.16

30.9.15

value:

£

£

2

Ordinary

£1

2

2