Company Registration No. 08470048 (England and Wales)
HP PINDORIA 2 LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
HP PINDORIA 2 LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
HP PINDORIA 2 LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
69,000
78,000
Tangible assets
2
5,859
8,880
74,859
86,880
Current assets
Stocks
26,000
30,000
Debtors
2,750
4,117
Cash at bank and in hand
5,000
3,003
33,750
37,120
Creditors: amounts falling due within one year
(28,314)
(29,814)
Net current assets
5,436
7,306
Total assets less current liabilities
80,295
94,186
Creditors: amounts falling due after more than one year
3
(80,151)
(89,447)
144
4,739
Capital and reserves
Called up share capital
4
1
1
Profit and loss account
143
4,738
Shareholders' funds
144
4,739
HP PINDORIA 2 LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2016
31 March 2016
- 2 -
For the financial year ended 31 March 2016 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 7 December 2016
P Patel
Director
Company Registration No. 08470048
HP PINDORIA 2 LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
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).
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
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
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:
Land and buildings Leasehold
Over the term of the lease
Fixtures, fittings & equipment
25% Straight line
1.6
Deferred taxation
No provision for deferred taxation has been provided for within the financial statements due to the amount not being material.
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 April 2015 & at 31 March 2016
90,000
12,684
102,684
Depreciation
At 1 April 2015
12,000
3,804
15,804
Charge for the year
9,000
3,021
12,021
At 31 March 2016
21,000
6,825
27,825
Net book value
At 31 March 2016
69,000
5,859
74,859
At 31 March 2015
78,000
8,880
86,880
HP PINDORIA 2 LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 4 -
3
Creditors: amounts falling due after more than one year
2016
2015
£
£
Analysis of loans repayable in more than five years
Total not repayable by instalments and due in more than five years
80,151
89,447
The aggregate amount of creditors for which security has been given amounted to £80,151 (2015 - £89,447).
The Lloyds TSB Bank Plc holds floating charges dated 14 May 2013 and 23 December 2013 on all the property or undertaking of the company.
4
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 Ordinary share of £1 each
1
1