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Registration number: 06725687

Home Leisure Stores Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 October 2016
 

 

Home Leisure Stores Ltd
Contents

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2 to 3

 

Home Leisure Stores Ltd
(Registration number: 06725687)
Abbreviated Balance Sheet at 31 October 2016

   

Note

   

2016
£

   

2015
£

 

Fixed assets

 

             

Tangible fixed assets

 

   

540

   

428

 

Current assets

 

             

Stocks

 

   

21,207

   

13,431

 

Debtors

 

   

3,657

   

3,663

 

Cash at bank and in hand

 

   

29,087

   

44,165

 
   

   

53,951

   

61,259

 

Creditors: Amounts falling due within one year

 

   

(35,588)

   

(31,760)

 

Net current assets

 

   

18,363

   

29,499

 

Net assets

 

   

18,903

   

29,927

 

Capital and reserves

 

             

Called up share capital

 

3

   

2

   

2

 

Profit and loss account

 

   

18,901

   

29,925

 

Shareholders' funds

 

   

18,903

   

29,927

 

For the year ending 31 October 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 12 January 2017 and signed on its behalf by:

.........................................
Mr E Linton
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

 

Home Leisure Stores Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 October 2016
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Office Equipment

25% Straight line basis

Web Site Development

25% Straight line basis

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

 

Home Leisure Stores Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 October 2016
......... continued

2

Fixed assets

   

Tangible assets
£

   

Total
£

 

Cost

           

At 1 November 2015

 

4,552

   

4,552

 

Additions

 

398

   

398

 

At 31 October 2016

 

4,950

   

4,950

 

Depreciation

           

At 1 November 2015

 

4,124

   

4,124

 

Charge for the year

 

286

   

286

 

At 31 October 2016

 

4,410

   

4,410

 

Net book value

           

At 31 October 2016

 

540

   

540

 

At 31 October 2015

 

428

   

428

 

3

Share capital

Allotted, called up and fully paid shares

 

2016

2015

   

No.

   

£

   

No.

   

£

 

Ordinary Shares of £1 each

 

2

   

2

   

2

   

2

 
                         

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