2015-02-01 true false Private Limited Company 07498489 2016-01-31 07498489 2015-02-01 2016-01-31 07498489 2015-01-31 07498489 2014-02-01 2015-01-31 07498489 uk-bus:Director1 2015-02-01 2016-01-31 07498489 uk-gaap:CommercialMotorVehicles 2015-02-01 2016-01-31 07498489 uk-bus:OrdinaryShareClass1 2016-01-31 iso4217:GBP
Hotworks Ltd
For the year ended 31 January 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 07498489
2
Contents Page
Hotworks Ltd
For the year ended 31 January 2016
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
3
Abbreviated Balance Sheet
Hotworks Ltd
As at 31 January 2016
07498489
Registered Number :
£
£
2016
Notes
2015
Fixed assets
Tangible assets
2
5,271
-
5,271
-
Current assets
Debtors
11,571
10,945
Cash at bank and in hand
3,206
3,227
14,151
14,798
Creditors: amounts falling due within one year
(14,770)
(17,720)
28
(3,569)
Net current liabilities
Total assets less current liabilities
1,702
28
Creditors: amounts falling due after more than one year
-
(1,667)
35
Net assets
28
Capital and reserves
Called up share capital
1
3
1
Profit and loss account
34
27
35
28
Shareholders funds
For the year ended 31 January 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) The director acknowledges his 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.
Date approved by the board: 27 September 2016
C Forward Director
Signed on behalf of the board of directors
1 of 3
4
Notes to the Abbreviated Financial Statements
Hotworks Ltd
For the year ended 31 January 2016
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Deferred taxation
Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles
20% Reducing balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and
rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets
and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
2 of 3
5
Notes to the Abbreviated Financial Statements
Hotworks Ltd
For the year ended 31 January 2016
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
6,589
Additions
At 31 January 2016
6,589
Depreciation
1,318
Charge for year
1,318
At 31 January 2016
Net book values
At 31 January 2016
5,271
3 Share capital
Allotted called up and fully paid
2016
2015
£
£
1 Ordinary share of £1.00 each
1
1
1
1
3 of 3

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