PTP Accounts Production v16.3.3.5 09598397 director 1.6.16 31.5.17 31.5.17 retail of furniture. false true false false false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure095983972016-05-31095983972017-05-31095983972016-06-012017-05-31095983972015-05-18095983972015-05-192016-05-31095983972016-05-3109598397ns15:EnglandWales2016-06-012017-05-3109598397ns14:PoundSterling2016-06-012017-05-3109598397ns10:Director12016-06-012017-05-3109598397ns10:PrivateLimitedCompanyLtd2016-06-012017-05-3109598397ns10:SmallEntities2016-06-012017-05-3109598397ns10:AuditExemptWithAccountantsReport2016-06-012017-05-3109598397ns10:SmallCompaniesRegimeForDirectorsReport2016-06-012017-05-3109598397ns10:SmallCompaniesRegimeForAccounts2016-06-012017-05-3109598397ns10:FullAccounts2016-06-012017-05-3109598397ns10:RegisteredOffice2016-06-012017-05-3109598397ns5:CurrentFinancialInstruments2017-05-3109598397ns5:CurrentFinancialInstruments2016-05-3109598397ns5:ShareCapital2017-05-3109598397ns5:ShareCapital2016-05-3109598397ns5:RetainedEarningsAccumulatedLosses2017-05-3109598397ns5:RetainedEarningsAccumulatedLosses2016-05-3109598397ns5:OwnedAssets2016-06-012017-05-3109598397ns5:OwnedAssets2015-05-192016-05-3109598397ns5:PlantMachinery2016-05-3109598397ns5:PlantMachinery2016-06-012017-05-3109598397ns5:PlantMachinery2017-05-3109598397ns5:PlantMachinery2016-05-3109598397ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-05-3109598397ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-05-3109598397ns10:Director112016-05-3109598397ns10:Director112015-05-1809598397ns10:Director112016-06-012017-05-3109598397ns10:Director112015-05-192016-05-3109598397ns10:Director112017-05-3109598397ns10:Director112016-05-31
REGISTERED NUMBER: 09598397 (England and Wales)















Report of the Director and

Unaudited Financial Statements for the Year Ended 31 May 2017

for

Heidi & James Ltd
Heidi & James Ltd (Registered number: 09598397)






Contents of the Financial Statements
for the Year Ended 31 May 2017




Page

Company Information 1

Report of the Director 2

Chartered Accountants' Report 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 6

Heidi & James Ltd

Company Information
for the Year Ended 31 May 2017







DIRECTOR: Miss V Le Fort





REGISTERED OFFICE: 16 Summit Way
London
SE19 2PU





REGISTERED NUMBER: 09598397 (England and Wales)





ACCOUNTANTS: Howlett's Chartered Accountants
Unit 8 Old Forge Court
Colchester Road
Elmstead Market
Colchester
Essex
CO7 7EA
Heidi & James Ltd (Registered number: 09598397)

Report of the Director
for the Year Ended 31 May 2017

The director presents her report with the financial statements of the company for the year ended 31 May 2017.

DIRECTOR
Miss V Le Fort held office during the whole of the period from 1 June 2016 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small
companies.

ON BEHALF OF THE BOARD:





Miss V Le Fort - Director


23 November 2017
Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Heidi & James Ltd


In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Heidi & James Ltd for the year ended 31 May 2017 which comprise the Income Statement,
Balance Sheet and the related notes 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Heidi & James Ltd in accordance with the terms of our engagement letter dated 16 December 2015. Our work has been undertaken solely to prepare for your approval the financial statements of Heidi & James Ltd and state those matters that we have agreed to state to the director of Heidi & James Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Heidi & James Ltd director for our work or for this report.

It is your duty to ensure that Heidi & James Ltd 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 Heidi & James Ltd. You consider that Heidi & James Ltd 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 Heidi & James Ltd. 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 financial statements.






Howlett's Chartered Accountants
Unit 8 Old Forge Court
Colchester Road
Elmstead Market
Colchester
Essex
CO7 7EA


23 November 2017
Heidi & James Ltd (Registered number: 09598397)

Income Statement
for the Year Ended 31 May 2017

Period
19.5.15
Year Ended to
31.5.17 31.5.16
Notes £    £   

TURNOVER 40,660 18,244

Cost of sales 7,126 8,346
GROSS PROFIT 33,534 9,898

Administrative expenses 14,574 13,462
OPERATING PROFIT/(LOSS) and
PROFIT/(LOSS) BEFORE TAXATION 4 18,960 (3,564 )

Tax on profit/(loss) 2,938 -
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

16,022

(3,564

)
Heidi & James Ltd (Registered number: 09598397)

Balance Sheet
31 May 2017

31.5.17 31.5.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 584 876

CURRENT ASSETS
Stocks 9,706 5,794
Debtors 6 5,749 3,746
Cash at bank 19,801 7,966
35,256 17,506
CREDITORS
Amounts falling due within one year 7 31,230 21,846
NET CURRENT ASSETS/(LIABILITIES) 4,026 (4,340 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,610

(3,464

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,510 (3,564 )
SHAREHOLDERS' FUNDS 4,610 (3,464 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 23 November 2017 and were signed by:





Miss V Le Fort - Director

Heidi & James Ltd (Registered number: 09598397)

Notes to the Financial Statements
for the Year Ended 31 May 2017

1. STATUTORY INFORMATION

Heidi & James Ltd is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .
Heidi & James Ltd (Registered number: 09598397)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2017

4. OPERATING PROFIT/(LOSS)

The operating profit (2016 - operating loss) is stated after charging:

Period
19.5.15
Year Ended to
31.5.17 31.5.16
£    £   
Depreciation - owned assets 292 292

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2016
and 31 May 2017 1,168
DEPRECIATION
At 1 June 2016 292
Charge for year 292
At 31 May 2017 584
NET BOOK VALUE
At 31 May 2017 584
At 31 May 2016 876

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.17 31.5.16
£    £   
Trade debtors 5,632 3,638
Other debtors 117 108
5,749 3,746

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.17 31.5.16
£    £   
Taxation and social security 3,798 309
Other creditors 27,432 21,537
31,230 21,846
Heidi & James Ltd (Registered number: 09598397)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2017

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 May 2017 and the period
ended 31 May 2016:

31.5.17 31.5.16
£    £   
Miss V Le Fort
Balance outstanding at start of year (20,888 ) -
Amounts advanced 21,407 6,765
Amounts repaid (24,853 ) (27,653 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (24,334 ) (20,888 )

Options

Monitor

  • Receive an alert email on changes to financial status
  • Early indications of liquidity problems
  • Warns when company reporting is overdue
  • Free service, no spam emails
Monitor Now

Please Help Us!

Was this document useful to you? Please Like our page. The more Likes we get, the more documents we can supply you free. Thanks.