Abbreviated Company Accounts - HALCYON INTERIORS LIMITED

HALCYON INTERIORS LIMITED - Company Information

Registered Number 05453335

HALCYON INTERIORS LIMITED

Abbreviated Accounts

31 March 2014

HALCYON INTERIORS LIMITED Registered Number 05453335

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	53,125	90,625
Tangible assets	3	101,969	117,833
		155,094	208,458
Current assets
Stocks		305,184	193,982
Debtors		79,076	52,045
Cash at bank and in hand		183,854	251,501
		568,114	497,528
Creditors: amounts falling due within one year		(595,739)	(540,230)
Net current assets (liabilities)		(27,625)	(42,702)
Total assets less current liabilities		127,469	165,756
Provisions for liabilities		(3,505)	(4,018)
Total net assets (liabilities)		123,964	161,738
Capital and reserves
Called up share capital		200	200
Profit and loss account		123,764	161,538
Shareholders' funds		123,964	161,738

For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 24 October 2014

And signed on their behalf by:
Susan Gobel, Director

HALCYON INTERIORS LIMITED Registered Number 05453335

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Leasehold properties Straight line over the life of the lease
Fixtures and fittings 25% pa straight line
Motor vehicles 25% pa straight line

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years.

Other accounting policies
Transactions with directors
The company occupies two premises owned by 2 of the directors. Rent of £38,004 was paid for the year.

2Intangible fixed assets

	£
Cost
At 1 April 2013	375,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	375,000
Amortisation
At 1 April 2013	284,375
Charge for the year	37,500
On disposals	-
At 31 March 2014	321,875
Net book values
At 31 March 2014	53,125
At 31 March 2013	90,625

3Tangible fixed assets

	£
Cost
At 1 April 2013	193,644
Additions	18,153
Disposals	(2,543)
Revaluations	-
Transfers	-
At 31 March 2014	209,254
Depreciation
At 1 April 2013	75,811
Charge for the year	34,015
On disposals	(2,541)
At 31 March 2014	107,285
Net book values
At 31 March 2014	101,969
At 31 March 2013	117,833