Company Registration No. 9456905 (England and Wales)
HAMPSHIRE MODELS LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
HAMPSHIRE MODELS LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
HAMPSHIRE MODELS LTD
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
Notes
£
£
Fixed assets
Tangible assets
2
885
Current assets
Stocks
49,839
Debtors
1,266
Cash at bank and in hand
10,079
61,184
Creditors: amounts falling due within one year
(61,945)
Net current liabilities
(761)
Total assets less current liabilities
124
Capital and reserves
Called up share capital
3
20
Profit and loss account
104
Shareholders' funds
124
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 30 September 2016
Mr T Vivian
Director
Company Registration No. 9456905
HAMPSHIRE MODELS LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 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
Four years on cost
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015
-
Additions
966
At 31 March 2016
966
Depreciation
At 1 April 2015
-
Charge for the year
81
At 31 March 2016
81
Net book value
At 31 March 2016
885
3
Share capital
2016
£
Allotted, called up and fully paid
20 of £1 each
20