Company Registration No. 04328750 (England and Wales)
HANSBROOK LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2016
HANSBROOK LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
HANSBROOK LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2016
30 November 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
629
840
Current assets
Debtors
7,424
1,608
Cash at bank and in hand
15,788
59,800
23,212
61,408
Creditors: amounts falling due within one year
(17,367)
(43,587)
Net current assets
5,845
17,821
Total assets less current liabilities
6,474
18,661
Provisions for liabilities
(126)
(168)
6,348
18,493
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
6,346
18,491
Shareholders' funds
6,348
18,493
For the financial year ended 30 November 2016 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 her 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 14 April 2017
Ms P Dandar
Director
Company Registration No. 04328750
HANSBROOK LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 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
Turnover
Turnover represents amounts receivable for goods and services net of VAT.
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:
Plant and machinery
25% per annum reducing balance
Fixtures, fittings & equipment
25% per annum reducing balance
1.4
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.
1.5
VAT flat rate scheme
The company is currently operating the VAT flat rate scheme. Turnover is shown net of flat rate scheme VAT declared and input VAT, being non claimable under the scheme, is shown
within the appropriate cost or expense heading.
2
Fixed assets
Tangible assets
£
Cost
At 1 December 2015 & at 30 November 2016
7,342
Depreciation
At 1 December 2015
6,502
Charge for the year
211
At 30 November 2016
6,713
Net book value
At 30 November 2016
629
At 30 November 2015
840
HANSBROOK LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 3 -
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
Advances and credits to directors
Advances and credits granted to the directors during the year are outlined in the table below:
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
Ms P Dandar -
-
-
2,495
-
2,495
-
2,495
-
-
2,495
Other transactions
Included in other debtors is an interest free advance to a shareholder and employee of the company, Mr E Daniels, of £3,373.