Company Registration No. 07831810 (England and Wales)
HIGH STREET GRP LIMITED
UNAUDITED ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 DECEMBER 2014
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 2014
31 December 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
3,400
-
Current assets
Debtors
1,221,625
33,958
Cash at bank and in hand
1,577
85
1,223,202
34,043
Creditors: amounts falling due within one year
3
(1,224,023)
(33,920)
Net current (liabilities)/assets
(821)
123
Total assets less current liabilities
2,579
123
Capital and reserves
Called up share capital
4
1
1
Profit and loss account
2,578
122
Shareholders' funds
2,579
123
For the financial Period ended 31 December 2014 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 Period 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 30 September 2015
Mr S Niven
Mr G R Forrest
Director
Director
Company Registration No. 07831810
HIGH STREET GRP LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 DECEMBER 2014
- 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). 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 July 2013
-
Additions
4,000
At 31 December 2014
4,000
Depreciation
At 1 July 2013
-
Charge for the period
600
At 31 December 2014
600
Net book value
At 31 December 2014
3,400
3
Creditors
The aggregate amount of creditors for which security has been given amounted to £444,176 (2013 - £0).
HIGH STREET GRP LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2014
- 3 -
4
Share capital
2014
2013
£
£
Allotted, called up and fully paid
1 Ordinary of £1 each
1
1
5
Related party relationships and transactions
As at 31 December 2014, the company was owed £206,837 from directors of the company.