Holistic Trader Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 06460260 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

HOLISTIC TRADER LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

B D Almond

REGISTERED OFFICE:

Unit 3 Chestnut Drive

Wymondham Business Park

Wymondham

Norfolk

NR18 9SB

REGISTERED NUMBER:

06460260 (England and Wales)

ACCOUNTANTS:

Howard & Company

Chartered Accountants

Unit 17

Park Farm Business Centre

Fornham St. Genevieve

Bury St. Edmunds

Suffolk

IP28 6TS

FIXED ASSETS

Intangible assets

2

60,000

75,000

Tangible assets

3

256,857

259,892

316,857

334,892

CURRENT ASSETS

Stocks

124,731

97,607

Debtors

29,039

14,829

Cash at bank

6,145

49,692

159,915

162,128

CREDITORS

Amounts falling due within one year

4

64,332

57,197

NET CURRENT ASSETS

95,583

104,931

TOTAL ASSETS LESS CURRENT LIABILITIES

412,440

439,823

CREDITORS

Amounts falling due after more than one year

4

(147,450

)

(152,253

)

PROVISIONS FOR LIABILITIES

(1,528

)

(1,225

)

NET ASSETS

263,462

286,345

CAPITAL AND RESERVES

Called up share capital

5

1,000

1,000

Profit and loss account

262,462

285,345

SHAREHOLDERS' FUNDS

263,462

286,345

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 by the director on 9 July 2014 and were signed by:

B D Almond - 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).

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, 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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance and 3 years straight line

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

150,000

AMORTISATION

At 1 April 2013

75,000

Amortisation for year

15,000

At 31 March 2014

90,000

NET BOOK VALUE

At 31 March 2014

60,000

At 31 March 2013

75,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

274,317

Additions

2,124

At 31 March 2014

276,441

DEPRECIATION

At 1 April 2013

14,425

Charge for year

5,159

At 31 March 2014

19,584

NET BOOK VALUE

At 31 March 2014

256,857

At 31 March 2013

259,892

4.

CREDITORS

Creditors include an amount of £ 151,795 (31.3.13 - £ 156,288 ) for which security has been given.

They also include the following debts falling due in more than five years:

31.3.14

31.3.13

£

£

Repayable by instalments

126,967

133,608

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

1,000

Ordinary

£1

1,000

1,000

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2014

and 31 March 2013:

31.3.14

31.3.13

£

£

B D Almond

Balance outstanding at start of year

9,271

-

Amounts advanced

-

9,271

Amounts repaid

-

-

Balance outstanding at end of year

9,271

9,271

The above loan was interest free and fully repaid 25 June 2014