Hanwells of London Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02238846 (England and Wales)

Abbreviated Accounts

for the Year Ended 30 June 2013

for

Hanwells of London Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

S E Brown

SECRETARY:

Mrs J Brown

REGISTERED OFFICE:

Parker Cavendish

28 Church Road

Stanmore

Middlesex

HA7 4XR

REGISTERED NUMBER:

02238846 (England and Wales)

ACCOUNTANTS:

Parker Cavendish

Chartered Accountants

28 Church Road

Stanmore

Middlesex

HA7 4XR

FIXED ASSETS

Intangible assets

2

286,356

-

Tangible assets

3

15,137

44,119

301,493

44,119

CURRENT ASSETS

Stocks

724,935

-

Debtors

78,508

154

Cash at bank

-

5,826

803,443

5,980

CREDITORS

Amounts falling due within one year

(1,079,746

)

(27,772

)

NET CURRENT LIABILITIES

(276,303

)

(21,792

)

TOTAL ASSETS LESS CURRENT LIABILITIES

25,190

22,327

PROVISIONS FOR LIABILITIES

(298

)

-

NET ASSETS

24,892

22,327

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

24,890

22,325

SHAREHOLDERS' FUNDS

24,892

22,327

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 13 January 2015 and were signed by:

S E Brown - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company

qualifies as a small company.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

300,000

At 30 June 2013

300,000

AMORTISATION

Amortisation for year

13,644

At 30 June 2013

13,644

NET BOOK VALUE

At 30 June 2013

286,356

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

15,666

At 30 June 2013

15,666

DEPRECIATION

Charge for year

529

At 30 June 2013

529

NET BOOK VALUE

At 30 June 2013

15,137

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

2

ordinary

£1

2

2