Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Hogshill Stores Limited
(Registration number: 07333059)
Abbreviated Balance Sheet at 31 March 2016
Note |
2016
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2015
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Fixed assets |
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Intangible fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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1
Hogshill Stores Limited
(Registration number: 07333059)
Abbreviated Balance Sheet at 31 March 2016
......... continued
Approved by the Board on
.........................................
Mr D L Allen
Director
2
Hogshill Stores Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued
Accounting policies |
Basis of preparation
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. Following a review, it was decided that with effect from the year ended 31 March 2015 it was more appropriate to write off the remaining goodwill over 5 years on a straight line basis. This replaced the previous policy which had been to write off the cost over 20 years.
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
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Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Land and buildings |
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Fixtures, fittings and equipment |
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Motor vehicles |
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Stock
Deferred tax
Hogshill Stores Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 April 2015 |
195,000 |
519,179 |
714,179 |
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Additions |
- |
3,876 |
3,876 |
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At 31 March 2016 |
195,000 |
523,055 |
718,055 |
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Depreciation |
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At 1 April 2015 |
66,625 |
43,458 |
110,083 |
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Charge for the year |
32,094 |
8,414 |
40,508 |
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At 31 March 2016 |
98,719 |
51,872 |
150,591 |
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Net book value |
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At 31 March 2016 |
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At 31 March 2015 |
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Creditors |
Included in the creditors are the following amounts due after more than five years:
2016
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2015
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After more than five years by instalments |
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Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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