Hippotrix Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: SC420668 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 30 November 2016

for

Hippotrix Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J R Charles

Ms S L Bloomfield

REGISTERED OFFICE:

8 Whitekirk Cottages

Whitekirk

Dunbar

East Lothian

EH42 1XS

REGISTERED NUMBER:

SC420668 (Scotland)

ACCOUNTANTS:

Douglas Home & Co Ltd

Chartered Accountants

47-49 The Square

Kelso

Roxburghshire

TD5 7HW

FIXED ASSETS

Tangible assets

2

2,229

-

CURRENT ASSETS

Cash at bank

24,489

4,373

CREDITORS

Amounts falling due within one year

24,581

27,825

NET CURRENT LIABILITIES

(92

)

(23,452

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,137

(23,452

)

RESERVES

Profit and loss account

2,137

(23,452

)

2,137

(23,452

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 25 July 2017 and were signed on its behalf by:

J R Charles - Director

Ms S L Bloomfield - 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.

Computer equipment

-

25% on reducing balance

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 December 2015

101

Additions

2,342

At 30 November 2016

2,443

DEPRECIATION

At 1 December 2015

101

Charge for year

113

At 30 November 2016

214

NET BOOK VALUE

At 30 November 2016

2,229

At 30 November 2015

-

3.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2016 and

30 November 2015:

30/11/16

30/11/15

£

£

J R Charles and Ms S L Bloomfield

Balance outstanding at start of year

16,554

7,033

Amounts advanced

4,405

9,656

Amounts repaid

(6,189

)

(135

)

Balance outstanding at end of year

14,770

16,554

As at 30 November 2016 the company owed the director £14,770 This is an interest free loan to the company.