Company Registration No. 07831810 (England and Wales)
HIGH STREET GRP LIMITED
UNAUDITED ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
HIGH STREET GRP LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
HIGH STREET GRP LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
2,890
3,400
Current assets
Debtors
1,109,652
1,221,625
Cash at bank and in hand
35,044
1,577
1,144,696
1,223,202
Creditors: amounts falling due within one year
3
(1,125,501)
(1,224,023)
Net current assets/(liabilities)
19,195
(821)
Total assets less current liabilities
22,085
2,579
Capital and reserves
Called up share capital
4
100
1
Profit and loss account
21,985
2,578
Shareholders' funds
22,085
2,579
For the financial year ended 31 December 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 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 director acknowledges his 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 19 December 2016
Mr G R Forrest
Director
Company Registration No. 07831810
HIGH STREET GRP LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 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 January 2015). The directors, having regard to the nature, size and complexity of the business, have assessed the financial risks affecting the company and its operations for the 12 months from the approval of the financial statements and consider it appropriate to prepare the financial statements on a going concern basis.
The directors, having regard to the nature, size and complexity of the business, have assessed the financial risks affecting the company and its operations for the 12 months from the approval of the financial statements and consider it appropriate to prepare the financial statements on a going concern basis.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
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
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2015 & at 31 December 2015
4,000
Depreciation
At 1 January 2015
600
Charge for the year
510
At 31 December 2015
1,110
Net book value
At 31 December 2015
2,890
At 31 December 2014
3,400
3
Creditors
The aggregate amount of creditors for which security has been given amounted to £285,761 (2014 - £444,176).
HIGH STREET GRP LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
- 3 -
4
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
1
The Company issued a further 99 £1 ordinary shares on 1 November 2015 in addition to the single £1 ordinary share already in issue.