Company Registration No. 03198371 (England and Wales)
HOME FRONT LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2015
HOME FRONT LIMITED
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2
Notes to the abbreviated accounts
3 - 4
HOME FRONT LIMITED
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE
UNAUDITED STATUTORY ACCOUNTS OF HOME FRONT LIMITED
- 1 -
The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 4 have been prepared.
In order to assist you to fulfil your duties under the Companies Act 2006,
we
have prepared for your approval the financial statements of Home Front Limited for the year ended 31 October 2015 set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made solely to the Board of Directors of Home Front Limited, as a body, in accordance with the terms of our engagement letter dated 3 February 2003. Our work has been undertaken solely to prepare for your approval the financial statements of Home Front Limited and state those matters that we have agreed to state to the Board of Directors of Home Front Limited, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants in England and Wales as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Home Front Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Home Front Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Home Front Limited. You consider that Home Front Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Home Front Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Heather & Co Ltd
1 June 2016
Chartered Accountants
Longlac
White House Lane
Jacobs Well
Guildford
Surrey
GU4 7PT
HOME FRONT LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2015
31 October 2015
- 2 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
4,483
5,459
Current assets
Stocks
58,789
46,332
Debtors
54,262
56,594
Cash at bank and in hand
116,395
100,330
229,446
203,256
Creditors: amounts falling due within one year
(62,621)
(75,634)
Net current assets
166,825
127,622
Total assets less current liabilities
171,308
133,081
Provisions for liabilities
(747)
(916)
170,561
132,165
Capital and reserves
Called up share capital
3
150
150
Profit and loss account
170,411
132,015
Shareholders' funds
170,561
132,165
For the financial year ended 31 October 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 1 June 2016
Mrs C. Slater
J Slater
Director
Director
Company Registration No. 03198371
HOME FRONT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2015
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
reducing balance method 15% to 50% per annum
Fixtures, fittings & equipment
reducing balance method 5% to 50% per annum
Motor vehicles
reducing balance method 25% to 50% per annum
2
Fixed assets
Tangible assets
£
Cost
At 1 November 2014
16,351
Additions
537
At 31 October 2015
16,888
Depreciation
At 1 November 2014
10,892
Charge for the year
1,513
At 31 October 2015
12,405
Net book value
At 31 October 2015
4,483
At 31 October 2014
5,459
HOME FRONT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2015
- 4 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary shares "A" of £1 each
100
100
50 Ordinary shares "B" of £1 each
50
50
150
150