Hunt 4 A Bargain Limited - Accounts to registrar - small 17.2

HUNT 4 A BARGAIN LIMITED - Company Information

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REGISTERED NUMBER: 08893417 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2017

FOR

HUNT 4 A BARGAIN LIMITED

Page

Company Information

Balance Sheet

Notes to the Financial Statements

DIRECTOR:

A Hunt

REGISTERED OFFICE:

5 Germander Way

Bicester

Oxfordshire

OX26 3WB

REGISTERED NUMBER:

08893417 (England and Wales)

ACCOUNTANTS:

Logan & Brewerton

Chartered Certified Accountants

Astral House

Granville Way

Bicester

Oxfordshire

OX26 4JT

FIXED ASSETS

Tangible assets

2,126

4,587

CURRENT ASSETS

Stocks

25,249

43,173

Debtors

5,092

711

Cash at bank

19,617

18,248

49,958

62,132

CREDITORS

Amounts falling due within one year

23,660

30,439

NET CURRENT ASSETS

26,298

31,693

TOTAL ASSETS LESS CURRENT
LIABILITIES

28,424

36,280

CREDITORS

Amounts falling due after more than one
year

(9,950

)

PROVISIONS FOR LIABILITIES

(425

)

(917

)

NET ASSETS

27,999

25,413

CAPITAL AND RESERVES

Called up share capital

Retained earnings

27,989

25,403

SHAREHOLDERS' FUNDS

27,999

25,413

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 20 August 2017 and were signed by:

A Hunt - Director

1.	STATUTORY INFORMATION

Hunt 4 A Bargain Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

The preparation of financial statements requires the use of certain critical accounting estimates. It also requires

management to exercise its judgement in the process of applying accounting policies. The areas involving a

higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the

financial statements, are disclosed in the accounting policies below.

Estimates and judgements are continually evaluated and are based on historical experience and other factors,

including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & Machinery

Straight line over 3 years

Fixtures & Fittings

Straight line over 3 years

Motor Vehicles

Straight line over 3 years

Computer Equipment

Straight line over 3 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant &

Fixtures

Motor

Computer

Machinery

& Fittings

Vehicles

Equipment

Totals

COST

At 1 March 2016

2,736

2,172

1,800

702

7,410

Additions

191

Disposals

(537

)

(537

)

At 28 February 2017

2,736

2,172

1,800

356

7,064

DEPRECIATION

At 1 March 2016

1,142

658

750

273

2,823

Charge for year

912

724

600

119

2,355

Eliminated on disposal

(240

)

(240

)

At 28 February 2017

2,054

1,382

1,350

152

4,938

NET BOOK VALUE

At 28 February 2017

682

790

450

204

2,126

At 29 February 2016

1,594

1,514

1,050

429

4,587

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

VAT

347

Prepayments

5,092

364

5,092

711

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

Bank loans and overdrafts

10,050

Tax

7,039

8,092

Social Security & Other Taxes

2,111

Directors' Current Accounts

3,260

11,033

Accrued Expenses

1,200

1,225

23,660

30,439

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2017

2016

Bank loans - 1-2 years

9,950

8.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

Bank loans

10,050

20,000

The Director has given a personal guarantee, on the bank loan, as described in note 11.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

100

Ordinary

£0.10

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The Director has provided personal guarantee of £20,000 in respect of the bank loan.

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £21,000 were paid to the director .

12.	FIRST YEAR ADOPTION

The adoption of FRS 102 did not have a material impact on the financial statements and it was therefore not

considered necessary to restate the comparative accounting period at the date of transition.