Abbreviated Company Accounts - HOCKLEY DIAMONDS LTD

Abbreviated Company Accounts - HOCKLEY DIAMONDS LTD

HOCKLEY DIAMONDS LTD - Company Information

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Registered Number 07563744

HOCKLEY DIAMONDS LTD

Abbreviated Accounts

31 March 2014

HOCKLEY DIAMONDS LTD Registered Number 07563744

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 14,437 -
Tangible assets 3 2,162 -
16,599 -
Current assets
Debtors 844 -
Cash at bank and in hand 57,513 1
58,357 1
Creditors: amounts falling due within one year (2,139) -
Net current assets (liabilities) 56,218 1
Total assets less current liabilities 72,817 1
Total net assets (liabilities) 72,817 1
Capital and reserves
Called up share capital 95 1
Share premium account 119,980 -
Profit and loss account (47,258) -
Shareholders' funds 72,817 1
  • 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 16 December 2014

And signed on their behalf by:
David Doyle, Director

HOCKLEY DIAMONDS LTD Registered Number 07563744

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 amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows.

Computer equipment - 25% straight line method.

Intangible assets amortisation policy
Website development costs are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful life of four years.

Other accounting policies
Ultimate Parent company

The ultimate controlling party is Mr D. Doyle by virtue of his majority shareholding in the company.

2Intangible fixed assets
£
Cost
At 1 April 2013 -
Additions 19,250
Disposals -
Revaluations -
Transfers -
At 31 March 2014 19,250
Amortisation
At 1 April 2013 -
Charge for the year 4,813
On disposals -
At 31 March 2014 4,813
Net book values
At 31 March 2014 14,437
At 31 March 2013 -
3Tangible fixed assets
£
Cost
At 1 April 2013 -
Additions 2,883
Disposals -
Revaluations -
Transfers -
At 31 March 2014 2,883
Depreciation
At 1 April 2013 -
Charge for the year 721
On disposals -
At 31 March 2014 721
Net book values
At 31 March 2014 2,162
At 31 March 2013 -