Company Registration No. 07789663 (England and Wales)
Honey & Vine Limited
Unaudited abbreviated financial statements
For the year ended 31 October 2015
HONEY & VINE LIMITED
Honey & Vine Limited
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
HONEY & VINE LIMITED
Honey & Vine Limited
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2015
31 October 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
23,808
23,775
Current assets
Debtors
23,699
58,378
Cash at bank and in hand
82,275
44,483
105,974
102,861
Creditors: amounts falling due within one year
(79,787)
(68,016)
Net current assets
26,187
34,845
Total assets less current liabilities
49,995
58,620
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
49,993
58,618
Shareholders' funds
49,995
58,620
For the financial year ended 31 October 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their 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 4 July 2016
O Smith Esq
Director
Company Registration No. 07789663
HONEY & VINE LIMITED
Honey & Vine Limited
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2015
- 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 April 2008).
1.2
Turnover
Turnover represents amounts receivable for 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:
Fixtures, fittings & equipment
25% reducing balance method
2
Fixed assets
Tangible assets
£
Cost
At 1 November 2014
40,084
Additions
7,969
At 31 October 2015
48,053
Depreciation
At 1 November 2014
16,309
Charge for the period
7,936
At 31 October 2015
24,245
Net book value
At 31 October 2015
23,808
At 31 October 2014
23,775
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
2 Ordinary of £1 each
2
2
HONEY & VINE LIMITED
Honey & Vine Limited
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2015
- 3 -
4
Related party relationships and transactions
Loans to directors
Transactions in relation to loans with directors during the year are outlined in the table below:
Description
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
Current account
-
(5,447)
86,544
-
102,257
(21,160)
(5,447)
86,544
-
102,257
(21,160)
Loans are current account loans, unsecured, interest free and repayable on demand.