Registered Number 02864482
HALLSWELLE MANAGEMENT LIMITED
Abbreviated Accounts
31 December 2013
Notes | 2013 | 2012 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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( |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 3 |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Tangible assets depreciation policy
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings - 10% on cost
Equipment - 25% on cost
Computer equipment and software - over 3 years straight line basis
Other accounting policies
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
£ | |
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Cost | |
At 1 January 2013 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 December 2013 |
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Depreciation | |
At 1 January 2013 |
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Charge for the year |
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On disposals |
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At 31 December 2013 |
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Net book values | |
At 31 December 2013 | 7,912 |
At 31 December 2012 | 5,350 |
All fixed assets are initially recorded at cost.