Abbreviated Company Accounts - HALLSWELLE MANAGEMENT LIMITED

HALLSWELLE MANAGEMENT LIMITED Registered Number 02864482

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	5,076	7,170
		5,076	7,170
Current assets
Debtors		79,035	109,665
Cash at bank and in hand		60,256	51,258
		139,291	160,923
Creditors: amounts falling due within one year		(32,357)	(58,321)
Net current assets (liabilities)		106,934	102,602
Total assets less current liabilities		112,010	109,772
Total net assets (liabilities)		112,010	109,772
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		112,008	109,770
Shareholders' funds		112,010	109,772

For the year ending 31 December 2015 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 21 December 2016

And signed on their behalf by:
JASMINE HAROONI, Director

HALLSWELLE MANAGEMENT LIMITED Registered Number 02864482

Notes to the Abbreviated Accounts for the period ended 31 December 2015

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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

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
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

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.

2Tangible fixed assets

	£
Cost
At 1 January 2015	13,587
Additions	2,266
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	15,853
Depreciation
At 1 January 2015	6,417
Charge for the year	4,360
On disposals	-
At 31 December 2015	10,777
Net book values
At 31 December 2015	5,076
At 31 December 2014	7,170

All fixed assets are initially recorded at cost.

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
2 Ordinary shares of £1 each	2	2