Company Registration No. 04021747 (England and Wales)
HARDY AND HARDY LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2016
HARDY AND HARDY LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
HARDY AND HARDY LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 JUNE 2016
30 June 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
23
31
Current assets
Stocks
-
500
Debtors
-
25,000
Cash at bank and in hand
52,232
2,584
52,232
28,084
Creditors: amounts falling due within one year
(36,519)
(27,679)
Net current assets
15,713
405
Total assets less current liabilities
15,736
436
Capital and reserves
Called up share capital
3
404
404
Profit and loss account
15,332
32
Shareholders' funds
15,736
436
For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his 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 12 October 2016
Mr M Malhotra
Director
Company Registration No. 04021747
HARDY AND HARDY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016
- 2 -
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 January 2015).
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:
Fixtures, fittings & equipment
25% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 July 2015 & at 30 June 2016
310
Depreciation
At 1 July 2015
279
Charge for the year
8
At 30 June 2016
287
Net book value
At 30 June 2016
23
At 30 June 2015
31
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
400 Ordinary of £1 each
400
400
4 Deferred of £1 each
4
4
404
404
HARDY AND HARDY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2016
- 3 -
4
Related party relationships and transactions
Advances and credits granted to the directors during the year are outlined in the table below:
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
Directors loan account
-
7,205
1,580
-
8,785
7,205
1,580
-
-
8,785