Company Registration No. 05047461 (England and Wales)
SUSAN HILTON LTD
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015
SUSAN HILTON LTD
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
SUSAN HILTON LTD
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2015
30 September 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
117,664
132,234
Tangible assets
2
129,929
134,351
247,593
266,585
Current assets
Stocks
54,455
53,789
Debtors
39,635
45,627
Cash at bank and in hand
10,638
6,444
104,728
105,860
Creditors: amounts falling due within one year
3
(70,443)
(85,282)
Net current assets
34,285
20,578
Total assets less current liabilities
281,878
287,163
Creditors: amounts falling due after more than one year
4
(249,934)
(273,595)
Provisions for liabilities
(1,215)
(415)
30,729
13,153
Capital and reserves
Called up share capital
5
2
2
Profit and loss account
30,727
13,151
Shareholder's funds
30,729
13,153
SUSAN HILTON LTD
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2015
30 September 2015
- 2 -
For the financial year ended 30 September 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has 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 29 February 2016
Mrs S T Hilton
Director
Company Registration No. 05047461
SUSAN HILTON LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015
- 3 -
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 April 2008).
1.2
Turnover
Turnover is recognised on completion of the sale of goods and services and is shown net of VAT.
1.3
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life (generally 15 years).
(generally 15 years).
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land 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:
Land and buildings Freehold
2% straight line
Plant and machinery
15% straight line
Fixtures, fittings & equipment
20% reducing value
1.5
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.6
Deferred taxation
Deferred taxation is provided at appropriate rates on all timing differences using the liability method only to the extent that, in the opinion of the director, there is a reasonable probability that a liability or asset will crystallise in the foreseeable future.
SUSAN HILTON LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2015
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 October 2014
139,701
177,112
316,813
Additions
-
1,359
1,359
At 30 September 2015
139,701
178,471
318,172
Depreciation
At 1 October 2014
7,467
42,761
50,228
Charge for the year
14,570
5,781
20,351
At 30 September 2015
22,037
48,542
70,579
Net book value
At 30 September 2015
117,664
129,929
247,593
At 30 September 2014
132,234
134,351
266,585
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £19,114 (2014 - £19,114).
4
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £149,934 (2014 - £169,048).
5
Share capital
2015
2014
£
£
Allotted, called up and fully paid
200 Ordinary shares of 1p each
2
2