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Halfords Group PLC Annual Report and Accounts for the period ended 3 April 2015

Notes to the Financial Statements

1. Profit and Loss AccountThe Company made a profit before dividends paid for the financial profit of £6.6m (52 week period to 28 March 2014: £21.2m). The directors have taken advantage of the exemption available under section 408 of the Companies Act 2006 and not presented a…
2. Fees Payable to the AuditorsFees payable by the Group to KPMG LLP and their associates during the period are detailed in note 3 to the Group financial statements. In the 53 weeks to 3 April 2015 the Company expensed £nil (2014: £nil) in fees relating to KPMG LLP.
3. Staff CostsThe Company has no employees other than the Directors. Full details of the Directors' remuneration' and interests, including those details required by 'Schedule 5, are set out in the Remuneration Report Remuneration Committee Report, Remuneration Pol…
4. Investments£mShares in Group undertakingCostAs at 28 March 2014295.4Additions — share based payments1.4Distribution in-specie (a)(280.3)At 3 April 201516.5During the year the Company received a dividend in-specie, being a receivable due from another group compa…
5. Debtors2015£m2014£mFalling due within one year:Amounts owed by Group undertakings648.378.3648.378.3Falling due after more than one year:Amounts owed by Group undertakings—278.6Amounts owed by Group undertakings are subject to interest. At 3 April 2015 the …
6. Creditors2015£m2014£mFalling due within one year:Bank borrowings (note 7)16.5—Accruals and deferred income244.30.2260.80.2Falling due after more than one year:Bank borrowings (note 7)50.784.0Amounts owed to Group undertakings:—242.450.7326.4
7. Borrowings2015£m2014£mCurrentUnsecured overdraft16.5—Non-currentExpiring between two and five years50.784.067.284.0The above borrowings are stated net of unamortised issue costs of £2.3m (2014: £2.0m).Details of the Company's borrowing facilities are in note 1…
8. Equity Share CapitalOrdinary shares of 1p each:2015Number of shares2015£0002014Number ofshares2014£000Allotted, called up and fully paid199,063,2221,991199,063,2221,991During the current period there has been no movement in the Company's share capital (2014: no movement…
9. ReservesShare premium account £mInvestment in own shares £mCapital redemption reserve £mProfit and loss account £mTotal £mAt 28 March 2014151.0(14.3)0.3188.5325.5Profit for the financial period———6.66.6Share options exercised—0.7——0.7Share-based payment tran…
10. Related Party DisclosuresUnder FRS 8 "Related party disclosures" the Company is exempt from disclosing related party transactions with entities over which it wholly owns.
11. Contingent LiabilitiesThe Group's banking arrangements include the facility for the bank to provide a number of guarantees in respect of liabilities owed by the Group during the course of its trading. In the event of any amount being immediately payable under the guarante…
12. Off Balance Sheet ArrangementsThe Company has no off balance sheet arrangements to disclose as required by S410A of the Companies Act 2006.