Abbreviated Company Accounts - UNICORN AND HEAVEY ENGINEERING LTD

Abbreviated Company Accounts - UNICORN AND HEAVEY ENGINEERING LTD

UNICORN AND HEAVEY ENGINEERING LTD - Company Information

Print Friendly Version

Registered Number 02663574

UNICORN AND HEAVEY ENGINEERING LTD

Abbreviated Accounts

30 November 2013

UNICORN AND HEAVEY ENGINEERING LTD Registered Number 02663574

Abbreviated Balance Sheet as at 30 November 2013

Notes 2013 2012
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets - -
Tangible assets 2 50,114 50,114
Investments 3 161,357 161,357
211,471 211,471
Current assets
Stocks 11,000 11,000
Debtors 86,417 86,417
Investments - -
Cash at bank and in hand 4,868 4,868
102,285 102,285
Prepayments and accrued income - -
Creditors: amounts falling due within one year (290,847) (290,847)
Net current assets (liabilities) (188,562) (188,562)
Total assets less current liabilities 22,909 22,909
Creditors: amounts falling due after more than one year 0 0
Provisions for liabilities (7,767) (7,767)
Accruals and deferred income 0 0
Total net assets (liabilities) 15,142 15,142
Capital and reserves
Called up share capital 4 130,100 130,100
Profit and loss account (114,958) (114,958)
Shareholders' funds 15,142 15,142
  • For the year ending 30 November 2013 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 30 January 2015

And signed on their behalf by:
K A Bevan, Director

UNICORN AND HEAVEY ENGINEERING LTD Registered Number 02663574

Notes to the Abbreviated Accounts for the period ended 30 November 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, which ever is the shorter

Plant & Machinery etc - 33% on reducing balance and 25% on reducing balance

Intangible assets amortisation policy
Goodwill and negative goodwill arising on the acquisition of businesses is being amortised over its estimated useful life of twenty years

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

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

2Tangible fixed assets
£
Cost
At 1 December 2012 570,622
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 30 November 2013 570,622
Depreciation
At 1 December 2012 520,508
Charge for the year 0
On disposals 0
At 30 November 2013 520,508
Net book values
At 30 November 2013 50,114
At 30 November 2012 50,114

3Fixed assets Investments
On the 28th March 2011 the Company acquired 100% of the issued share capital of Derbyshire Castings Limited - 100 31 Ordinary Shares

4Called Up Share Capital
Allotted, called up and fully paid:
2013
£		 2012
£
130,100 Ordinary shares of £1 each 130,100 130,100