Company Registration No. 04634616 (England and Wales)
KATHERINE HUGHES ASSOCIATES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
KATHERINE HUGHES ASSOCIATES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
KATHERINE HUGHES ASSOCIATES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
818
692
Current assets
Debtors
3,187
6,305
Cash at bank and in hand
50,320
22,586
53,507
28,891
Creditors: amounts falling due within one year
(9,374)
(6,450)
Net current assets
44,133
22,441
Total assets less current liabilities
44,951
23,133
Capital and reserves
Called up share capital
3
50
50
Profit and loss account
44,901
23,083
Shareholders' funds
44,951
23,133
For the financial year ended 31 March 2015 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 her 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 16 December 2015
Mrs Katherine Hughes
Director
Company Registration No. 04634616
KATHERINE HUGHES ASSOCIATES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 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 June 2002).
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:
Computer equipment
25% reducing balance basis
Fixtures, fittings & equipment
25% on cost
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2014
4,374
Additions
399
At 31 March 2015
4,773
Depreciation
At 1 April 2014
3,682
Charge for the year
273
At 31 March 2015
3,955
Net book value
At 31 March 2015
818
At 31 March 2014
692
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
50 Ordinary shares of £1 each
50
50