Company Registration No. 05047461 (England and Wales)
SUSAN HILTON LTD
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
SUSAN HILTON LTD
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 5
SUSAN HILTON LTD
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
104,094
117,664
Tangible assets
2
141,804
129,929
245,898
247,593
Current assets
Stocks
79,801
54,455
Debtors
46,385
39,635
Cash at bank and in hand
6,286
10,638
132,472
104,728
Creditors: amounts falling due within one year
3
(90,292)
(70,443)
Net current assets
42,180
34,285
Total assets less current liabilities
288,078
281,878
Creditors: amounts falling due after more than one year
4
(230,820)
(249,934)
Provisions for liabilities
-
(1,215)
57,258
30,729
Capital and reserves
Called up share capital
5
2
2
Profit and loss account
57,256
30,727
Shareholder's funds
57,258
30,729
SUSAN HILTON LTD
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2016
30 September 2016
- 2 -
For the financial year ended 30 September 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 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 23 June 2017
Mrs S T Hilton
Director
Company Registration No. 05047461
SUSAN HILTON LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 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 January 2015).
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 10 years).
(generally 10 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 2016
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 October 2015
139,701
178,471
318,172
Additions
-
19,266
19,266
Disposals
-
(3,394)
(3,394)
At 30 September 2016
139,701
194,343
334,044
Depreciation
At 1 October 2015
22,037
48,542
70,579
On disposals
-
(1,110)
(1,110)
Charge for the year
13,570
5,107
18,677
At 30 September 2016
35,607
52,539
88,146
Net book value
At 30 September 2016
104,094
141,804
245,898
At 30 September 2015
117,664
129,929
247,593
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £0 (2015 - £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 £0 (2015 - £149,934).
5
Share capital
2016
2015
£
£
Allotted, called up and fully paid
200 Ordinary shares of 1p each
2
2
SUSAN HILTON LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 5 -
6
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
£
£
£
£
£
Mrs S T Hilton
-
(9,874)
19,811
-
9,937
(9,874)
19,811
-
-
9,937