Company Registration No. 05213430 (England and Wales)
HJC DESIGN LTD
Abbreviated unaudited accounts
for the year ended 30 September 2016
HJC DESIGN LTD
Abbreviated Balance Sheet
as at
30 September 2016
Tangible assets
17,738
19,673
Cash at bank and in hand
52,346
104,129
Creditors: amounts falling due within one year
(69,852)
(98,381)
Net current assets
111,106
71,376
Total assets less current liabilities
128,844
91,049
Creditors: amounts falling due after more than one year
-
(1,316)
Provisions for liabilities
-
(3,569)
Net assets
128,844
86,164
Called up share capital
200
200
Profit and loss account
128,644
85,964
Total shareholders' funds
128,844
86,164
For the year ending 30 September 2016 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 29 June 2017
Mr M Conley
Director
Company Registration No. 05213430
HJC DESIGN LTD
Notes to the Abbreviated Accounts
for the year ended 30 September 2016
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on cost
Expenditure on research and development is written off in the year in which it is incurred.
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
2
Intangible fixed assets
HJC DESIGN LTD
Notes to the Abbreviated Accounts
for the year ended 30 September 2016
At 30 September 2016
60,721
Charge for the year
3,780
At 30 September 2016
42,983
At 30 September 2016
17,738
At 30 September 2015
19,673
4
Share capital
2016
2015
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200
200