THE HOOP (STOCK) LIMITED

THE HOOP (STOCK) LIMITED

THE HOOP (STOCK) LIMITED - Company Information

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THE HOOP (STOCK) LIMITED

Company Registration Number:
10194123 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2017

Period of accounts

Start date: 23 May 2016

End date: 31 May 2017

THE HOOP (STOCK) LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2017

Balance sheet
Notes

THE HOOP (STOCK) LIMITED

Balance sheet

As at 31 May 2017


Notes
2017


£
Fixed assets
Tangible assets: 3 4,505
Total fixed assets: 4,505
Current assets
Stocks: 16,049
Cash at bank and in hand: 225,644
Total current assets: 241,693
Creditors: amounts falling due within one year:   (114,762)
Net current assets (liabilities): 126,931
Total assets less current liabilities: 131,436
Total net assets (liabilities): 131,436
Capital and reserves
Called up share capital: 2
Profit and loss account: 131,434
Shareholders funds: 131,436

The notes form part of these financial statements

THE HOOP (STOCK) LIMITED

Balance sheet statements

For the year ending 31 May 2017 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

This report was approved by the board of directors on 28 November 2017
and signed on behalf of the board by:

Name: Philip Utz
Status: Director

The notes form part of these financial statements

THE HOOP (STOCK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2017

1. Accounting policies

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

Turnover policy

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:Plant & Machinery 15% reducing balanceFixtures & Fittings 15% reducing balance

Valuation and information policy

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

THE HOOP (STOCK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2017

2. Employees

2017
Average number of employees during the period 15

THE HOOP (STOCK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2017

3. Tangible Assets

Total
Cost £
Additions 5,222
At 31 May 2017 5,222
Depreciation
Charge for year 717
At 31 May 2017 717
Net book value
At 31 May 2017 4,505