HART'S FOOD & EVENTS LTD

HART'S FOOD & EVENTS LTD

HART'S FOOD & EVENTS LTD - Company Information

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HART'S FOOD & EVENTS LTD

Company Registration Number:
08270467 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2017

Period of accounts

Start date: 01 November 2016

End date: 31 October 2017

HART'S FOOD & EVENTS LTD

Contents of the Financial Statements

for the Period Ended 31 October 2017

Balance sheet
Notes

HART'S FOOD & EVENTS LTD

Balance sheet

As at 31 October 2017


Notes
2017
2016


£
£
Fixed assets
Intangible assets: 3 0 2,000
Tangible assets: 4 17,284 18,758
Total fixed assets: 17,284 20,758
Current assets
Debtors:   14,444 7,076
Cash at bank and in hand: 19,864 23,142
Total current assets: 34,308 30,218
Creditors: amounts falling due within one year: 5 (38,441) (32,993)
Net current assets (liabilities): (4,133) (2,775)
Total assets less current liabilities: 13,151 17,983
Creditors: amounts falling due after more than one year: 6 (8,686) (11,943)
Provision for liabilities: (3,457) (3,416)
Total net assets (liabilities): 1,008 2,624
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 908 2,524
Shareholders funds: 1,008 2,624

The notes form part of these financial statements

HART'S FOOD & EVENTS LTD

Balance sheet statements

For the year ending 31 October 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.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 August 2018
and signed on behalf of the board by:

Name: MRS S E REEVES-HART
Status: Director

The notes form part of these financial statements

HART'S FOOD & EVENTS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is shorter.Fixtures and fittings - 15% on reducing balanceMotor vehicles - 25% on reducing balanceComputer equipment - 33% on cost

Intangible fixed assets and amortisation policy

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Other accounting policies

TaxationTaxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred TaxDeferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Hire purchase and leasing commitmentsAssets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter. The interest element of these obligations is charged to the profit or loss over the relevant period. The capital element of the future payments is treated as a liability. Pension costs and other post-retirement benefitsThe company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit or loss in the period to which they relate.

HART'S FOOD & EVENTS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2017

2. Employees

2017 2016
Average number of employees during the period 14 12

HART'S FOOD & EVENTS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2017

3. Intangible Assets

Total
Cost £
At 01 November 2016 10,000
At 31 October 2017 10,000
Amortisation
At 01 November 2016 8,000
Charge for year 2,000
At 31 October 2017 10,000
Net book value
At 31 October 2017 0
At 31 October 2016 2,000

HART'S FOOD & EVENTS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2017

4. Tangible Assets

Total
Cost £
At 01 November 2016 28,155
Additions 1,407
At 31 October 2017 29,562
Depreciation
At 01 November 2016 9,397
Charge for year 2,881
At 31 October 2017 12,278
Net book value
At 31 October 2017 17,284
At 31 October 2016 18,758

HART'S FOOD & EVENTS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2017

5. Creditors: amounts falling due within one year note

Trade creditors £6,514 (2016: £5,514).Taxation and social security £21,151 (2016: £19,061) Other creditors £10,776 (2016: £8418)Included in other creditors is an amount of £3,257 (2016: £3,257) relating to a hire purchase agreement for a fixed asset.

HART'S FOOD & EVENTS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2017

6. Creditors: amounts falling due after more than one year note

Hire purchase loans outstanding at the year end include instalments due after more than one year. This loan relates to a fixed asset purchase.

HART'S FOOD & EVENTS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2017

7. Loans to directors

Name of director receiving advance or credit: Mr C Hart
Description of the loan: During the year the company advanced a loan to the director. The loan is unsecured, interest free and repayable on demand.
£
Balance at 01 November 2016 0
Advances or credits made: 2,487
Balance at 31 October 2017 2,487
Name of director receiving advance or credit: Mrs S E Reeves-Hart
Description of the loan: During the year the company advanced a loan to the director. The loan is unsecured, interest free and repayable on demand.
£
Balance at 01 November 2016 0
Advances or credits made: 4,199
Balance at 31 October 2017 4,199