Handy Brand UK Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 08792680 (England and Wales)

Abbreviated Accounts for the Year Ended 30 November 2016

for

Handy Brand UK Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

M A Kilford

REGISTERED OFFICE:

2nd Floor

53 High Street

Keynsham

Bristol

BS31 1DS

REGISTERED NUMBER:

08792680 (England and Wales)

ACCOUNTANTS:

Chartax Accounting & Taxation Limited

2nd Floor, 53 High Street

Keynsham

N E Somerset

BS31 1DS

FIXED ASSETS

Intangible assets

2

140,997

173,129

Tangible assets

3

140,897

30,031

281,894

203,160

CURRENT ASSETS

Stocks

9,750

11,755

Debtors

10,719

662

Cash at bank

127,074

126,602

147,543

139,019

CREDITORS

Amounts falling due within one year

261,718

261,518

NET CURRENT LIABILITIES

(114,175

)

(122,499

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

167,719

80,661

CREDITORS

Amounts falling due after more than one
year

(21,394

)

-

PROVISIONS FOR LIABILITIES

(12,087

)

(6,006

)

NET ASSETS

134,238

74,655

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

134,236

74,653

SHAREHOLDERS' FUNDS

134,238

74,655

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

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

The director acknowledges his 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 24 August 2017 and were signed by:

M A Kilford - 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).

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Computer software

Computer software & website costs have been capitalised where appropriate. Costs incurred will be amortised

over a five year period (straight line)

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% 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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

240,040

Additions

19,846

At 30 November 2016

259,886

AMORTISATION

At 1 December 2015

66,911

Amortisation for year

51,978

At 30 November 2016

118,889

NET BOOK VALUE

At 30 November 2016

140,997

At 30 November 2015

173,129

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

37,046

Additions

137,646

At 30 November 2016

174,692

DEPRECIATION

At 1 December 2015

7,015

Charge for year

26,780

At 30 November 2016

33,795

NET BOOK VALUE

At 30 November 2016

140,897

At 30 November 2015

30,031

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.16

30.11.15

value:

£

1

Ordinary A

£1

1

Ordinary B

£1

1

2