Hoperiver Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04935722 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2016

FOR

HOPERIVER LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

R A L Lucas

Mrs J Lucas

SECRETARY:

Mrs J Lucas

REGISTERED OFFICE:

14 Clifford Court

Cooper Way

Carlisle

Cumbria

CA3 0JG

REGISTERED NUMBER:

04935722 (England and Wales)

ACCOUNTANTS:

Christian Douglass LLP

14 Clifford Court

Cooper Way

Carlisle

Cumbria

CA3 0JG

FIXED ASSETS

Tangible assets

2

20,843

24,453

CURRENT ASSETS

Stocks

1,837

2,308

Debtors

29,922

29,912

Cash in hand

2,467

3,080

34,226

35,300

CREDITORS

Amounts falling due within one year

54,717

64,784

NET CURRENT LIABILITIES

(20,491

)

(29,484

)

TOTAL ASSETS LESS CURRENT LIABILITIES

352

(5,031

)

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

252

(5,131

)

SHAREHOLDERS' FUNDS

352

(5,031

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 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 30 June 2017 and were signed on its behalf by:

R A L Lucas - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

At the balance sheet date the company had current liabilities of £20,491 (2015: £29,484). The directors have

confirmed their intention to provide financial support for the foreseeable future and therefore consider that the

financial statements should be prepared on a going concern basis.

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 January 2015).

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 etc

-

15% on reducing balance and 10% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

and 31 October 2016

35,479

DEPRECIATION

At 1 November 2015

11,026

Charge for year

3,610

At 31 October 2016

14,636

NET BOOK VALUE

At 31 October 2016

20,843

At 31 October 2015

24,453

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.16

31.10.15

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES