The Hut (Bishop Auckland) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 08863315 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2016

for

The Hut (Bishop Auckland) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr Paul Christopher Davison

Mrs Jacqueline Marie Davison

SECRETARY:

Mr David Thomas Scott

REGISTERED OFFICE:

15 Staindrop Road

West Auckland

Co. Durham

DL14 9JU

REGISTERED NUMBER:

08863315 (England and Wales)

ACCOUNTANTS:

David T Scott & Co

Chartered Accountants

15 Staindrop Road

West Auckland

Co. Durham

DL14 9JU

FIXED ASSETS

Tangible assets

2

2,369

3,166

CURRENT ASSETS

Stocks

840

985

Debtors

-

156

Cash in hand

11,181

272

12,021

1,413

CREDITORS

Amounts falling due within one year

12,331

8,358

NET CURRENT LIABILITIES

(310

)

(6,945

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,059

(3,779

)

CAPITAL AND RESERVES

Called up share capital

3

400

Profit and loss account

1,659

(4,179

)

SHAREHOLDERS' FUNDS

2,059

(3,779

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 21 June 2017 and were signed on its behalf by:

Mr Paul Christopher Davison - Director

Mrs Jacqueline Marie Davison - 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 January 2015).

Turnover

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

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

-

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.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

4,228

DEPRECIATION

At 1 July 2015

1,062

Charge for year

797

At 30 June 2016

1,859

NET BOOK VALUE

At 30 June 2016

2,369

At 30 June 2015

3,166

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

200

Ordinary shares

£1.00

200

100

A Ordinary shares

£1.00

100

B Ordinary shares

£1.00

100

400