HALLAM INTERNET LIMITED - Accounts 2014


	HALLAM INTERNET LTD


	ABBREVIATED UNAUDITED ACCOUNTS


	FOR THE YEAR ENDED 31 MAY 2014
























	INDEX TO THE ACCOUNTS



	Pages

	1	Abbreviated Balance Sheet

	2-3	Notes to the Abbreviated Accounts

HALLAM INTERNET LTD
Company registered number: 03989628
ABBREVIATED BALANCE SHEET
AT 31 May 2014

	Note		2014	2013
		£	£	£
FIXED ASSETS
Tangible Assets	2		37,251	26,570

CURRENT ASSETS
Debtors falling due within one year		113,911		61,625
Cash at bank and in hand		36,727		11,568
		150,638		73,193
CREDITORS: Amounts falling due within one year		104,425		52,614
NET CURRENT ASSETS			46,213	20,579
TOTAL ASSETS LESS CURRENT LIABILITIES			83,464	47,149

Provisions for Liabilities			(4,119)	(1,945)
NET ASSETS			£79,345	£45,204

CAPITAL AND RESERVES
Called up share capital	3		100	100
Profit and loss account			79,245	45,104
SHAREHOLDERS' FUNDS			£79,345	£45,204


	In approving these financial statements as directors of the company we hereby confirm the following:
	For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

	Directors' responsibilities:
	1) The members have not required the company to obtain an audit for its accounts for the year in question in accordance with section 476,
	2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

	The accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

	These abbreviated accounts were approved by the board of directors on 28 July 2014



	S Hallam , Director


	The notes on pages 2 to 3 form part of these accounts
	page 1

	NOTES TO THE ABBREVIATED ACCOUNTS
	FOR THE YEAR ENDED 31 MAY 2014



1a.	Basis of accounting

	The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).



1b.	Tangible fixed assets

	Fixed assets are shown at historical cost.

	Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.


	Fixtures and fittings	Reducing balance 15%
	Equipment	Reducing balance 25%



1c.	Taxation

	Corporation tax payable is provided on taxable profits at the current rate. The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in the periods in which the timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.



1d.	Pensions

	The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in the year.



1e.	Turnover

	Turnover comprises the value of sales (excluding VAT and similar taxes and trade discounts) of goods and services in the normal course of business.

	page 2

	HALLAM INTERNET LTD
	NOTES TO THE ABBREVIATED ACCOUNTS (CONT.)
	FOR THE YEAR ENDED 31 MAY 2014



3.	SHARE CAPITAL	2014	2013
		£	£
	Allotted, issued and fully paid:

	100 Ordinary shares of £1 each	£100	£100



4.	RELATED PARTIES

	The company is controlled by Mrs S Hallam.

page 3