Abbreviated Company Accounts - HOLLAND HYDROPONICS LTD

HOLLANDS GARDEN SUPPLIES LTD - Company Information

05142764 HOLLAND HYDROPONICS LTD 2015-06-30 false 2014-07-01 2015-06-30 true 05142764 2014-07-01 2015-06-30 05142764 2015-06-30 05142764 2014-06-30 05142764 uk-gaap-cd-bus:Director1 2014-07-01 2015-06-30 05142764 uk-gaap-cd-bus:Director2 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 iso4217:GBP shares

Registered Number 05142764

HOLLAND HYDROPONICS LTD

Abbreviated Accounts

30 June 2015

HOLLAND HYDROPONICS LTD Registered Number 05142764

Abbreviated Balance Sheet as at 30 June 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	75,000	82,500
Tangible assets	3	107,090	71,798
		182,090	154,298
Current assets
Stocks		390,858	425,747
Debtors		283,025	162,943
Cash at bank and in hand		375,415	272,368
		1,049,298	861,058
Creditors: amounts falling due within one year		(246,146)	(168,778)
Net current assets (liabilities)		803,152	692,280
Total assets less current liabilities		985,242	846,578
Total net assets (liabilities)		985,242	846,578
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		985,240	846,576
Shareholders' funds		985,242	846,578

For the year ending 30 June 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 21 March 2016

And signed on their behalf by:
Mrs N J Livingstone, Director

HOLLAND HYDROPONICS LTD Registered Number 05142764

Notes to the Abbreviated Accounts for the period ended 30 June 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 April 2008.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
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:
Plant and machinery 20% reducing balance
Computer equipment 33.33% on straight line
Fixtures, fittings & equipment 15% reducing balance
Motor vehicles 20% reducing balance

Other accounting policies
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).

Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

2Intangible fixed assets

	£
Cost
At 1 July 2014	150,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2015	150,000
Amortisation
At 1 July 2014	67,500
Charge for the year	7,500
On disposals	-
At 30 June 2015	75,000
Net book values
At 30 June 2015	75,000
At 30 June 2014	82,500

3Tangible fixed assets

	£
Cost
At 1 July 2014	197,764
Additions	53,224
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2015	250,988
Depreciation
At 1 July 2014	125,966
Charge for the year	17,932
On disposals	-
At 30 June 2015	143,898
Net book values
At 30 June 2015	107,090
At 30 June 2014	71,798

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
2 Ordinary shares of £1 each	2	2