Company Registration No. SC230602 (Scotland)
HUNTER HAYES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2016
HUNTER HAYES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
HUNTER HAYES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2016
30 April 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
17
23
Current assets
Debtors
11,537
15,052
Cash at bank and in hand
9,002
2,120
20,539
17,172
Creditors: amounts falling due within one year
(20,456)
(13,373)
Net current assets
83
3,799
Total assets less current liabilities
100
3,822
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
-
3,722
Shareholders' funds
100
3,822
For the financial year ended 30 April 2016 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 31 January 2017
Mr W M Howell
Director
Company Registration No. SC230602
HUNTER HAYES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2016
- 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).
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
20% straight line
2
Fixed assets
Tangible assets
£
Cost
At 1 May 2015 & at 30 April 2016
29
Depreciation
At 1 May 2015
6
Charge for the year
6
At 30 April 2016
12
Net book value
At 30 April 2016
17
At 30 April 2015
23
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
10,000 Ordinary shares of 1p each
100
100
4
Related party relationships and transactions
HUNTER HAYES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2016
4
Related party relationships and transactions
(Continued)
- 3 -
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
£
£
£
£
£
Mr W M Howell -
-
6,487
8,037
-
6,487
8,037
6,487
8,037
-
6,487
8,037