Company Registration No. 03147887 (England and Wales)
HACKROOM LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2016
Richard Anthony
Chartered Accountants
HACKROOM LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
HACKROOM LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 JANUARY 2016
31 January 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,264
1,685
Current assets
Stocks
171,784
145,471
Debtors
93,186
43,061
Cash at bank and in hand
121,907
44,229
386,877
232,761
Creditors: amounts falling due within one year
(279,992)
(166,151)
Net current assets
106,885
66,610
Total assets less current liabilities
108,149
68,295
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
108,147
68,293
Shareholders' funds
108,149
68,295
For the financial year ended 31 January 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their 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 13 October 2016
Mrs C A Florry
N J Florry Esq
Director
Director
Company Registration No. 03147887
HACKROOM LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2016
- 2 -
1
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 January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
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:
Fixtures, fittings & equipment
25% on written down value
2
Fixed assets
Tangible assets
£
Cost
At 1 February 2015 & at 31 January 2016
15,868
Depreciation
At 1 February 2015
14,183
Charge for the year
421
At 31 January 2016
14,604
Net book value
At 31 January 2016
1,264
At 31 January 2015
1,685
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2
4
Related party relationships and transactions
HACKROOM LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2016
4
Related party relationships and transactions
(Continued)
- 3 -
Loans to directors
The following directors had interest free loans during the year. The movement on these loans are as follows:
Description
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
N J Florry Esq -
-
-
18,173
-
-
18,173
Mrs C A Florry -
-
-
18,173
-
-
18,173
-
36,346
-
-
36,346
The loans were fully repaid on 8 April 2016.