Malton H& F Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04419216 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016

FOR

MALTON H& F LIMITED

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

136,191

23,350

136,191

23,350

CURRENT ASSETS

Stocks

29,542

20,598

Debtors

38,925

35,855

Cash at bank

86,397

90,386

154,864

146,839

CREDITORS

Amounts falling due within one year

204,638

118,312

NET CURRENT (LIABILITIES)/ASSETS

(49,774

)

28,527

TOTAL ASSETS LESS CURRENT LIABILITIES

86,417

51,877

CREDITORS

Amounts falling due after more than one
year

(51,691

)

-

PROVISIONS FOR LIABILITIES

(10,065

)

(3,475

)

NET ASSETS

24,661

48,402

CAPITAL AND RESERVES

Called up share capital

4

5,020

Profit and loss account

19,641

43,382

SHAREHOLDERS' FUNDS

24,661

48,402

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 14 July 2017 and were signed on its behalf by:

Mrs J Matthews - Director

Mrs W L Knock - Director

1.	ACCOUNTING POLICIES

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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as

a small company.

Turnover

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

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

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

-

at varying rates on cost

Fixtures and fittings

-

at varying rates on cost

Computer equipment

-

33% 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.

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period.

The capital element of the future payments is treated as a liability.

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

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to the profit and loss account in the period to which they relate.

Revenue recognition

Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration

in exchange for the supply of goods and services that it provides. It is measured at the fair value of the right to

consideration, which represents amounts chargeable to customers.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

and 31 October 2016

1

AMORTISATION

At 1 November 2015

and 31 October 2016

1

NET BOOK VALUE

At 31 October 2016

-

At 31 October 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

131,712

Additions

138,010

Disposals

(27,739

)

At 31 October 2016

241,983

DEPRECIATION

At 1 November 2015

108,362

Charge for year

20,990

Eliminated on disposal

(23,560

)

At 31 October 2016

105,792

NET BOOK VALUE

At 31 October 2016

136,191

At 31 October 2015

23,350

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

5,000

Ordinary

£1

5,000

10

Ordinary A

£1

10

Ordinary B

£1

10

5,020