Company Registration No. 08483587 (England and Wales)
HARD VIDEO SYSTEMS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2015
HARD VIDEO SYSTEMS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
HARD VIDEO SYSTEMS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2015
30 April 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
24,000
27,000
Tangible assets
2
2,003
1,232
26,003
28,232
Current assets
Debtors
7,518
1,960
Cash at bank and in hand
8,564
9,303
16,082
11,263
Creditors: amounts falling due within one year
(40,392)
(37,817)
Net current liabilities
(24,310)
(26,554)
Total assets less current liabilities
1,693
1,678
Provisions for liabilities
-
(246)
1,693
1,432
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
1,692
1,431
Shareholder's funds
1,693
1,432
For the financial year ended 30 April 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 member has 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 22 January 2016
Mr R D E Martin
Director
Company Registration No. 08483587
HARD VIDEO SYSTEMS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 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 April 2008).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of trade discounts.
1.3
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years.
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 and equipment
25% reducing balance
1.5
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 May 2014
30,000
1,642
31,642
Additions
-
1,438
1,438
At 30 April 2015
30,000
3,080
33,080
Depreciation
At 1 May 2014
3,000
410
3,410
Charge for the period
3,000
667
3,667
At 30 April 2015
6,000
1,077
7,077
Net book value
At 30 April 2015
24,000
2,003
26,003
At 30 April 2014
27,000
1,232
28,232
HARD VIDEO SYSTEMS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
1 Ordinary share of £1 each
1
1