Made in Hastings Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05123599 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2017

for

Made in Hastings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms S Azimont

Ms J Doolan

Ms C Fletcher

Ms S Harrison

Ms J Rowe

SECRETARY:

Ms J Rowe

REGISTERED OFFICE:

82 High Street

Old Town

Hastings

East Sussex

TN34 3EL

REGISTERED NUMBER:

05123599 (England and Wales)

ACCOUNTANTS:

Acuity Professional (Sellens French) LLP

91-97 Bohemia Road

St Leonards on Sea

East Sussex

TN37 6RJ

FIXED ASSETS

Tangible assets

4

53

71

CURRENT ASSETS

Stocks

1,359

1,221

Cash at bank and in hand

3,070

3,617

4,429

4,838

CREDITORS

Amounts falling due within one year

5

5,173

5,927

NET CURRENT LIABILITIES

(744

)

(1,089

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(691

)

(1,018

)

CAPITAL AND RESERVES

Called up share capital

6

36

36

Retained earnings

(727

)

(1,054

)

SHAREHOLDERS' FUNDS

(691

)

(1,018

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 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 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 Board of Directors on 3 November 2017 and were signed on its behalf by:

Ms S Harrison - Director

1.	STATUTORY INFORMATION

Made in Hastings 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.

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 and machinery etc

-

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.

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 5 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

Cost

At 1 June 2016

and 31 May 2017

2,240

Depreciation

At 1 June 2016

2,169

Charge for year

18

At 31 May 2017

2,187

Net book value

At 31 May 2017

53

At 31 May 2016

71

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

2,182

3,106

Tax

118

33

Other creditors

1,810

1,725

Directors' current accounts

175

175

Accruals and deferred income

888

888

5,173

5,927

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

36

Ordinary

£1

36

36

7.	FIRST YEAR ADOPTION OF FRS 102

The company has adopted FRS 102 section 1A from 1st June 2016.

The transition to FRS 102 has not affected the reporting of the financial position and performance of the

company during the current or previous year.