Big Hugs From Limited - Abbreviated accounts

Registered number

07509638

Big Hugs From Limited

Unaudited Abbreviated Accounts

31 January 2015

Big Hugs From Limited

Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Big Hugs From Limited for the year ended 31 January 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Big Hugs From Limited for the year ended 31 January 2015 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation.

Kate Brown Accountant
Chartered Accountants
The Annexe
Rectory Farm
Great Addington
Northamptonshire
NN14 4BQ

26 October 2015

Big Hugs From Limited
Registered number:		07509638
Abbreviated Balance Sheet
as at 31 January 2015

Notes			2015			2014
£				£
Current assets
Stocks		2,300			2,300
Cash at bank and in hand		437			268
		2,737			2,568

Creditors: amounts falling due within one year		(10,365)			(9,452)

Net current liabilities			(7,628)			(6,884)

Net liabilities			(7,628)			(6,884)

Capital and reserves
Called up share capital	2		1			1
Profit and loss account			(7,629)			(6,885)

Shareholder's funds			(7,628)			(6,884)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Mrs B Hodgson
Director
Approved by the board on 26 October 2015

Big Hugs From Limited
Notes to the Abbreviated Accounts
for the year ended 31 January 2015

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.


2	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		1		1		1