Abbreviated Company Accounts - CANNON ST. (H.C.C.) LIMITED

CANNON ST. (H.C.C.) LIMITED - Company Information

01659041 CANNON ST. (H.C.C.) LIMITED 2016-10-31 false 2015-11-01 2016-10-31 true 01659041 2015-11-01 2016-10-31 01659041 2016-10-31 01659041 2015-10-31 01659041 uk-gaap-cd-bus:Director1 2015-11-01 2016-10-31 01659041 uk-gaap-cd-bus:Director2 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-31 iso4217:GBP shares

Registered Number 01659041

CANNON ST. (H.C.C.) LIMITED

Abbreviated Accounts

31 October 2016

CANNON ST. (H.C.C.) LIMITED Registered Number 01659041

Abbreviated Balance Sheet as at 31 October 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	11,807	13,566
		11,807	13,566
Current assets
Stocks		38,915	33,688
Debtors		124,319	83,401
Cash at bank and in hand		41,899	60,713
		205,133	177,802
Creditors: amounts falling due within one year		(113,735)	(106,292)
Net current assets (liabilities)		91,398	71,510
Total assets less current liabilities		103,205	85,076
Provisions for liabilities		(1,339)	(1,467)
Total net assets (liabilities)		101,866	83,609
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		101,766	83,509
Shareholders' funds		101,866	83,609

For the year ending 31 October 2016 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 15 May 2017

And signed on their behalf by:
Peter Neville Lomas, Director

CANNON ST. (H.C.C.) LIMITED Registered Number 01659041

Notes to the Abbreviated Accounts for the period ended 31 October 2016

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 the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings
and equipment - 10 - 25% reducing balance
Motor vehicles - 25% reducing balance

Valuation information and policy
Stock:
Stock is valued at the lower of cost and net realisable value.

Other accounting policies
Deferred taxation
Deferred tax is recognised in respect of all timing dfferences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax, with the following exceptions: Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets

2Tangible fixed assets

	£
Cost
At 1 November 2015	40,665
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2016	40,665
Depreciation
At 1 November 2015	27,099
Charge for the year	1,759
On disposals	-
At 31 October 2016	28,858
Net book values
At 31 October 2016	11,807
At 31 October 2015	13,566

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 A Ordinary shares of £1 each	100	100