Haleport Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 06274660 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2015

FOR

HALEPORT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr S N Bass

SECRETARY:

Mrs J E Hollands

REGISTERED OFFICE:

Unit 1

Little Hall Industries

Tonbridge Road, Hadlow

Tonbridge

Kent

TN11 0AH

REGISTERED NUMBER:

06274660 (England and Wales)

ACCOUNTANTS:

Vista Partners Limited

Accountants and Tax Advisers

Chancery House

3 Hatchlands Road

Redhill

Surrey

RH1 6AA

FIXED ASSETS

Intangible assets

2

40,001

60,000

Tangible assets

3

69,292

78,296

109,293

138,296

CURRENT ASSETS

Stocks

12,987

3,200

Debtors

249,865

184,266

Cash at bank and in hand

52,244

35,004

315,096

222,470

CREDITORS

Amounts falling due within one year

88,509

72,306

NET CURRENT ASSETS

226,587

150,164

TOTAL ASSETS LESS CURRENT LIABILITIES

335,880

288,460

PROVISIONS FOR LIABILITIES

9,084

9,836

NET ASSETS

326,796

278,624

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

326,696

278,524

SHAREHOLDERS' FUNDS

326,796

278,624

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

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

The director acknowledges his 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 and authorised for issue by the director on 7 December 2015 and were signed by:

Mr S N Bass - Director

1.	ACCOUNTING POLICIES

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).

The director has considered the company's financial operating requirements for the forthcoming year and expects

the company will have sufficient cash reserves to meet those requirements and as a result he has adopted the

going concern basis of accounting.

Turnover and revenue recognition

Turnover represents the total invoice value, excluding value added tax, of goods sold and services rendered

during the year. Revenue is recognised when the company fulfils its contractual obligations to customers by

supplying goods and services.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being 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.

Plant and machinery etc

-

33.33% on cost, 25% on reducing balance and 15% on reducing balance

Stocks

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

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

and 31 August 2015

199,994

AMORTISATION

At 1 September 2014

139,994

Amortisation for year

19,999

At 31 August 2015

159,993

NET BOOK VALUE

At 31 August 2015

40,001

At 31 August 2014

60,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

254,965

Additions

3,647

At 31 August 2015

258,612

DEPRECIATION

At 1 September 2014

176,669

Charge for year

12,651

At 31 August 2015

189,320

NET BOOK VALUE

At 31 August 2015

69,292

At 31 August 2014

78,296

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100

5.	ULTIMATE PARENT COMPANY

The ultimate parent company is S Bass Holdings UK Limited.