HOXTON_BEACH_LIMITED - Accounts

HOXTON BEACH LIMITED - Company Information

Print Friendly Version

Company Registration No. 05672965 (England and Wales)

HOXTON BEACH LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2014

HOXTON BEACH LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

HOXTON BEACH LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

31,595

26,157

Current assets

Stocks

21,573

27,584

Debtors

6,783

7,918

Cash at bank and in hand

2,886

586

31,242

36,088

Creditors: amounts falling due within one year

(47,540)

(42,819)

Net current liabilities

(16,298)

(6,731)

Total assets less current liabilities

15,297

19,426

Creditors: amounts falling due after more than one year

(10,602)

(2,854)

Provisions for liabilities

(3,519)

(4,309)

1,176

12,263

Capital and reserves

Called up share capital

Profit and loss account

1,175

12,262

Shareholders' funds

1,176

12,263

HOXTON BEACH LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 APRIL 2014

- 2 -

For the financial year ended 30 April 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 28 January 2015

Mr P C Mathews

Director

Company Registration No. 05672965

HOXTON BEACH LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2014

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

These financial statements have been prepared on the assumption that the company will continue in operational existence for the foreseeable future.

The validity of this assumption depends on the continuing support of the director, bankers and creditors.

If the company was unable to continue in existence for the foreseeable future, adjustments would be necessary to reduce the balance sheet values of assets to their recoverable amounts, to reclassify fixed assets and long term liabilities as current assets and current liabilities respectively and to provide for further liabilities which might arise.

1.2

Turnover

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

1.3

Tangible fixed assets and depreciation

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

33.3% reducing balance

Fixtures, fittings and equipment

15% reducing balance

Motor vehicles

25% reducing balance

1.4

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

HOXTON BEACH LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2014

- 4 -

Fixed assets

Tangible assets

Cost

At 1 May 2013

61,531

Additions

12,460

At 30 April 2014

73,991

Depreciation

At 1 May 2013

35,374

Charge for the year

7,022

At 30 April 2014

42,396

Net book value

At 30 April 2014

31,595

At 30 April 2013

26,157

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £18,289 (2013 - £6,585).

Share capital

2014

2013

Allotted, called up and fully paid

1,000 Ordinary Shares of £0.001 each