HR on Tap Limited - Abbreviated accounts 16.1

HR on Tap Limited - Abbreviated accounts 16.1


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REGISTERED NUMBER: 04393992 (England and Wales)











ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

HR ON TAP LIMITED

HR ON TAP LIMITED (REGISTERED NUMBER: 04393992)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

HR ON TAP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2016







DIRECTOR: Ms C Wellavize





REGISTERED OFFICE: Ravenswing
Ryefield Lane
Holbeach Fen
Lincolnshire
PE12 8PS





REGISTERED NUMBER: 04393992 (England and Wales)





ACCOUNTANTS: GreenStones Limited
9 Commerce Road
Lynchwood
Peterborough
Cambridgeshire
PE2 6LR

HR ON TAP LIMITED (REGISTERED NUMBER: 04393992)

ABBREVIATED BALANCE SHEET
31 MARCH 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 692 1,129
692 1,129

CURRENT ASSETS
Stocks 29,884 35,970
Debtors 2,295 10,188
Cash at bank 1,264 3,120
33,443 49,278
CREDITORS
Amounts falling due within one
year

50,919

68,572
NET CURRENT LIABILITIES (17,476 ) (19,294 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(16,784

)

(18,165

)

CAPITAL AND RESERVES
Called up share capital 4 1 1
Profit and loss account (16,785 ) (18,166 )
SHAREHOLDERS' FUNDS (16,784 ) (18,165 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

HR ON TAP LIMITED (REGISTERED NUMBER: 04393992)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 2016


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 22 November 2016 and were signed
by:





Ms C Wellavize - Director


HR ON TAP LIMITED (REGISTERED NUMBER: 04393992)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016

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 January
2015).

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 2002, 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.

Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% 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.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015
and 31 March 2016 2,000
AMORTISATION
At 1 April 2015
and 31 March 2016 2,000
NET BOOK VALUE

At 31 March 2016 -
At 31 March 2015 -

HR ON TAP LIMITED (REGISTERED NUMBER: 04393992)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2016

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015 10,868
Disposals (5,457 )
At 31 March 2016 5,411
DEPRECIATION
At 1 April 2015 9,739
Charge for year 232
Eliminated on disposal (5,252 )
At 31 March 2016 4,719
NET BOOK VALUE
At 31 March 2016 692
At 31 March 2015 1,129

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
1 Ordinary 1 1 1

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended
31 March 2016 and 31 March 2015:

2016 2015
£    £   
Ms C Wellavize
Balance outstanding at start of year (41,987 ) (44,848 )
Amounts advanced 18,681 19,002
Amounts repaid (15,054 ) (16,141 )
Balance outstanding at end of year (38,360 ) (41,987 )

This loan is unsecured and interest free.

The director has provided a personal guarantee on the bank overdraft up to the value of
£11,000