Heatherside Refurbishment Limited - Limited company - abbreviated

REGISTERED NUMBER: 04943818 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

for

Heatherside Refurbishment Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs K J Moore

K Moore Esq

SECRETARY:

Mrs K J Moore

REGISTERED OFFICE:

Oakwood Cottage

Oaktree Lane

Sambourne

Warwickshire

B96 6EX

REGISTERED NUMBER:

04943818 (England and Wales)

ACCOUNTANTS:

Derek Young & Co

Chartered Accountants

Estate House

Evesham Street

Redditch

Worcestershire

B97 4HP

FIXED ASSETS

Intangible assets

2

11,250

12,500

Tangible assets

3

39,550

31,895

50,800

44,395

CURRENT ASSETS

Stocks

7,650

9,740

Cash at bank

37,275

25,458

44,925

35,198

CREDITORS

Amounts falling due within one year

54,982

39,205

NET CURRENT LIABILITIES

(10,057

)

(4,007

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

40,743

40,388

PROVISIONS FOR LIABILITIES

4,207

4,237

NET ASSETS

36,536

36,151

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

36,436

36,051

SHAREHOLDERS' FUNDS

36,536

36,151

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 24 February 2015 and were signed on its behalf
by:

Mrs K J Moore - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents amounts derived from the provision of goods and services falling within the company's

ordinary activities, after deduction of trade discounts, value added tax and any other tax based on the amounts so

derived.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

Tools and equipment

-

15% on reducing balance

Stocks

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

moving items.

Deferred tax

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

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

25,000

AMORTISATION

At 1 January 2014

12,500

Amortisation for year

1,250

At 31 December 2014

13,750

NET BOOK VALUE

At 31 December 2014

11,250

At 31 December 2013

12,500

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

94,131

Additions

17,000

At 31 December 2014

111,131

DEPRECIATION

At 1 January 2014

62,236

Charge for year

9,345

At 31 December 2014

71,581

NET BOOK VALUE

At 31 December 2014

39,550

At 31 December 2013

31,895

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

100

Ordinary

£1

100

Heatherside Refurbishment Limited - Limited company - abbreviated - 11.6

Heatherside Refurbishment Limited - Limited company - abbreviated - 11.6