Abbreviated Company Accounts - HOUSE OF DISTINCTION LIMITED

HOUSE OF DISTINCTION LIMITED - Company Information

06337091 HOUSE OF DISTINCTION LIMITED 2016-10-31 false 2015-11-01 2016-10-31 true 06337091 2015-11-01 2016-10-31 06337091 2016-10-31 06337091 2015-10-31 06337091 uk-gaap-cd-bus:Director1 2015-11-01 2016-10-31 06337091 uk-gaap-cd-bus:Director2 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-31 iso4217:GBP shares

Registered Number 06337091

HOUSE OF DISTINCTION LIMITED

Abbreviated Accounts

31 October 2016

HOUSE OF DISTINCTION LIMITED Registered Number 06337091

Abbreviated Balance Sheet as at 31 October 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	138,124	126,101
		138,124	126,101
Current assets
Stocks		4,673	3,862
Debtors		2,249	1,650
		6,922	5,512
Creditors: amounts falling due within one year		(114,700)	(111,669)
Net current assets (liabilities)		(107,778)	(106,157)
Total assets less current liabilities		30,346	19,944
Creditors: amounts falling due after more than one year		(11,205)	-
Total net assets (liabilities)		19,141	19,944
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		19,139	19,942
Shareholders' funds		19,141	19,944

For the year ending 31 October 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 20 July 2017

And signed on their behalf by:
Mr Samuel Bryant, Director

HOUSE OF DISTINCTION LIMITED Registered Number 06337091

Notes to the Abbreviated Accounts for the period ended 31 October 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 January 2015.

Turnover policy
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Office equipment – 33% straight line basis
Fixtures & Fittings – 25% reducing balance basis
Motor vehicles – 25% reducing balance basis

2Tangible fixed assets

	£
Cost
At 1 November 2015	136,065
Additions	16,398
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2016	152,463
Depreciation
At 1 November 2015	9,964
Charge for the year	4,375
On disposals	-
At 31 October 2016	14,339
Net book values
At 31 October 2016	138,124
At 31 October 2015	126,101

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2