Hot!MeSS Fashion Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08714215 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD

2 OCTOBER 2013 TO 31 MARCH 2015

FOR

HOT!MESS FASHION LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr IJS Kirkman

Mr JN Curtis

Mr AMJ Greenfield

Ms T Mitchell-Jarvis

SECRETARY:

Mr IJS Kirkman

REGISTERED OFFICE:

Granville Hall

Granville Road

Leicester

LE1 7RU

REGISTERED NUMBER:

08714215 (England and Wales)

FIXED ASSETS

Intangible assets

2

210,628

Tangible assets

3

49,307

259,935

CURRENT ASSETS

Stocks

78,959

Debtors

35,639

Cash at bank and in hand

29,103

143,701

CREDITORS

Amounts falling due within one year

4

279,886

NET CURRENT LIABILITIES

(136,185

)

TOTAL ASSETS LESS CURRENT LIABILITIES

123,750

CREDITORS

Amounts falling due after more than one year

4

146,500

NET LIABILITIES

(22,750

)

CAPITAL AND RESERVES

Called up share capital

5

150,000

Profit and loss account

(172,750

)

SHAREHOLDERS' FUNDS

(22,750

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 11 June 2015 and were signed on its behalf by:

Mr IJS Kirkman - Director

Ms T Mitchell-Jarvis - Director

1.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements have been prepared on a going concern basis. Continuing to trade depends upon the

support of the company's shareholders, directors and creditors. Should the company be unable to continue to

trade, adjustments would have to be made to reduce the assets to their recoverable amount, to provide for any

further liabilities which may arise, and to reclassify fixed assets as current.

ACCOUNTING CONVENTION

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

TURNOVER

Turnover represents net invoiced sales of goods, excluding value added tax.

GOODWILL

Goodwill, being the amount paid in connection with the aquisition of a business concept in 2014, is being

amortised evenly over its estimated useful life of ten years.

BRAND DEVELOPMENT

Intangible fixed assets, being the amounts paid to develop the company brand is amortised evenly over its

estimated useful life of ten years.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold

-

over 3 years

Plant and machinery

-

over 3 years

Fixtures and fittings

-

over 3 years

Motor vehicles

-

over 5 years

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

223,939

At 31 March 2015

223,939

AMORTISATION

Amortisation for period

13,311

At 31 March 2015

13,311

NET BOOK VALUE

At 31 March 2015

210,628

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

58,856

At 31 March 2015

58,856

DEPRECIATION

Charge for period

9,549

At 31 March 2015

9,549

NET BOOK VALUE

At 31 March 2015

49,307

4.

CREDITORS

Creditors include an amount of £ 146,500 for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100,000

Ordinary

£1.50

150,000

100,000 Ordinary shares of £1.50 each were allotted and fully paid for cash at par during the period.