THE_HOLLIS_OFFICE_SUPPLY_ - Accounts

THE HOLLIS OFFICE SUPPLY COMPANY LTD - Company Information

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Company Registration No. 02516558 (England and Wales)

THE HOLLIS OFFICE SUPPLY COMPANY LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2016

THE HOLLIS OFFICE SUPPLY COMPANY LTD

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

THE HOLLIS OFFICE SUPPLY COMPANY LTD

ABBREVIATED BALANCE SHEET

AS AT

31 OCTOBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

83,312

90,236

Current assets

Stocks

98,300

106,018

Debtors

159,690

171,703

Cash at bank and in hand

104

199

258,094

277,920

Creditors: amounts falling due within one year

(180,486)

(244,254)

Net current assets

77,608

33,666

Total assets less current liabilities

160,920

123,902

Creditors: amounts falling due after more than one year

(48,026)

(18,315)

Provisions for liabilities

(5,201)

(3,990)

107,693

101,597

Capital and reserves

Called up share capital

Profit and loss account

107,690

101,594

Shareholders' funds

107,693

101,597

THE HOLLIS OFFICE SUPPLY COMPANY LTD

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 OCTOBER 2016

- 2 -

For the financial year ended 31 October 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 30 June 2017

Mr G Thompson

Director

Company Registration No. 02516558

THE HOLLIS OFFICE SUPPLY COMPANY LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

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

1.4

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its useful life or, if held under finance lease, over the lease term, whichever is the shorter.

Impr'ments to property

15% on reducing balance

Fixtures, fittings and computer equipment

15% on reducing balance

Motor vehicles

25% on reducing balance

Fixed assets

Tangible assets

Cost

At 1 November 2015

262,304

Additions

19,013

Disposals

(15,827)

At 31 October 2016

265,490

Depreciation

At 1 November 2015

172,068

On disposals

(14,242)

Charge for the year

24,352

At 31 October 2016

182,178

Net book value

At 31 October 2016

83,312

At 31 October 2015

90,236

THE HOLLIS OFFICE SUPPLY COMPANY LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2016

- 4 -

Share capital

2016

2015

Allotted, called up and fully paid

3 Ordinary of £1 each