Abbreviated Company Accounts - HIGHMEAD LIMITED

Registered Number 07624330

HIGHMEAD LIMITED

Abbreviated Accounts

31 May 2015

HIGHMEAD LIMITED Registered Number 07624330

Abbreviated Balance Sheet as at 31 May 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	11,919	12,672
		11,919	12,672
Current assets
Stocks		1,360	1,520
Debtors		932	447
Cash at bank and in hand		2,293	1,297
		4,585	3,264
Creditors: amounts falling due within one year		(14,344)	(18,266)
Net current assets (liabilities)		(9,759)	(15,002)
Total assets less current liabilities		2,160	(2,330)
Creditors: amounts falling due after more than one year		-	(468)
Total net assets (liabilities)		2,160	(2,798)
Capital and reserves
Called up share capital		1	1
Profit and loss account		2,159	(2,799)
Shareholders' funds		2,160	(2,798)

For the year ending 31 May 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 15 February 2016

And signed on their behalf by:
Mrs G.Varvil, Director

HIGHMEAD LIMITED Registered Number 07624330

Notes to the Abbreviated Accounts for the period ended 31 May 2015

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
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.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures, Fittings and Equipment 15% per annum on a reducing balance basis

2Tangible fixed assets

	£
Cost
At 1 June 2014	17,819
Additions	1,350
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2015	19,169
Depreciation
At 1 June 2014	5,147
Charge for the year	2,103
On disposals	-
At 31 May 2015	7,250
Net book values
At 31 May 2015	11,919
At 31 May 2014	12,672