P & H Lawnmowers Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 09256867 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 November 2016

for

P & H Lawnmowers Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Certified Accountants' Report

6

DIRECTORS:

Mrs A Hamill

R J Hamill

REGISTERED OFFICE:

Onward Chambers

34 Market Street

Hyde

Cheshire

SK14 1AH

REGISTERED NUMBER:

09256867 (England and Wales)

ACCOUNTANTS:

Hardy & Company

Chartered Certified Accountants

Onward Chambers

34 Market Street

Hyde

Cheshire

SK14 1AH

FIXED ASSETS

Tangible assets

2

8,824

11,766

CURRENT ASSETS

Stocks

7,500

9,500

Debtors

21,474

21,719

Cash at bank and in hand

5,266

3,559

34,240

34,778

CREDITORS

Amounts falling due within one year

37,874

38,231

NET CURRENT LIABILITIES

(3,634

)

(3,453

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,190

8,313

CREDITORS

Amounts falling due after more than one year

5,025

8,198

NET ASSETS

165

115

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

65

15

SHAREHOLDERS' FUNDS

165

115

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 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 12 August 2017 and were signed on its behalf by:

Mrs A Hamill - Director

R J Hamill - 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.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

and 30 November 2016

15,688

DEPRECIATION

At 1 December 2015

3,922

Charge for year

2,942

At 30 November 2016

6,864

NET BOOK VALUE

At 30 November 2016

8,824

At 30 November 2015

11,766

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.16

30.11.15

value:

£

100

Ordinary £1

£1

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 30 November 2016 and the period ended

30 November 2015:

30.11.16

30.11.15

£

R J Hamill and Mrs A Hamill

Balance outstanding at start of year

21,263

-

Amounts advanced

42,361

21,263

Amounts repaid

(42,581

)

-

Balance outstanding at end of year

21,043

21,263

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited

financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of P & H Lawnmowers Limited for the year ended 30 November 2016 which comprise the Profit and Loss Account, the

Balance Sheet, and the related notes from the company's accounting records and from information and explanations you have given

us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of P & H Lawnmowers Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of P & H Lawnmowers Limited and state those matters that we have agreed to state to the Board of Directors of P & H Lawnmowers Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that P & H Lawnmowers Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of P & H Lawnmowers Limited. You consider that P & H Lawnmowers Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of P & H Lawnmowers Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hardy & Company

Chartered Certified Accountants

Onward Chambers

34 Market Street

Hyde

Cheshire

SK14 1AH

22 August 2017