true
H & B Designers Limited
07649189
2016-05-31
56877
1415
56977
1515
100
100
56977
1515
0
4663
56977
6178
-36079
-113060
126320
152309
90241
39249
84971
36422
2000
2000
3270
827
93056
119238
78000
104000
15056
15238
Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over
the useful economic life of that asset as follows:
Goodwill-20 per cent straight line
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Hire purchase agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed
assets at their fair value. The capital element of the future payments is treated as a liability and
the interest is charged to the profit and loss account on a straight line basis.
Finance lease agreements
Where the company enters into a lease which entails taking substantially all the risks and rewards
of ownership of an asset, the lease is treated as a finance lease. The asset is recorded in the
balance sheet as a tangible fixed asset and is depreciated in accordance with the above
depreciation policies. Future instalments under such leases, net of finance charges, are included within creditors. Rentals payable are apportioned between the finance element, which is charged to the profit and loss account on a straight line basis, and the capital element which reduces the outstanding obligation for future instalments.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Fixtures & Fittings
straight line
0.2000
Motor vehicles
straight line
0.2500
Office equipment
straight line
0.2500
130000
130000
52000
26000
26000
26139
20184
5955
11083
4946
6137
156139
150184
5955
63083
30946
32137
Ordinary
1
100
100
100
2017-02-28
Mr R J Butler
Mr R J Haime
Director
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
H & B Designers Limited
2015-06-01
2016-05-31
H & B Designers Limited
2014-06-01
2015-05-31
H & B Designers Limited
2014-05-31
H & B Designers Limited
2015-05-31
H & B Designers Limited
2015-05-31
H & B Designers Limited
2016-05-31
2017-02-28