Abbreviated Company Accounts - J.C. HARE LIMITED

Registered Number 00634871

J.C. HARE LIMITED

Abbreviated Accounts

31 March 2014

J.C. HARE LIMITED Registered Number 00634871

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	1,049	1,311
		1,049	1,311
Current assets
Stocks		24,740	19,360
Debtors		1,142	1,159
Cash at bank and in hand		9,321	2,145
		35,203	22,664
Creditors: amounts falling due within one year		(5,495)	(4,781)
Net current assets (liabilities)		29,708	17,883
Total assets less current liabilities		30,757	19,194
Creditors: amounts falling due after more than one year		(37,078)	(18,568)
Total net assets (liabilities)		(6,321)	626
Capital and reserves
Called up share capital		90	90
Profit and loss account		(6,411)	536
Shareholders' funds		(6,321)	626

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 11 December 2014

And signed on their behalf by:
J Bazin, Director

J.C. HARE LIMITED Registered Number 00634871

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

Tangible assets depreciation policy
Tangible fixed assets, other that freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated value, over their expected useful lives on the following basis:
Plant and Machinery 20% Reducing Balance
Fixtures and Fittings 20% Reducing Balance.

Valuation information and policy
Stock and Work in Progress
Stock and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Other accounting policies
Operating Lease Rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

2Tangible fixed assets

	£
Cost
At 1 April 2013	9,584
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	9,584
Depreciation
At 1 April 2013	8,273
Charge for the year	262
On disposals	-
At 31 March 2014	8,535
Net book values
At 31 March 2014	1,049
At 31 March 2013	1,311