Abbreviated Company Accounts - AVAILABLE HOMES LIMITED

AVAILABLE HOMES LIMITED - Company Information

04742745 AVAILABLE HOMES LIMITED 2014-06-30 false 2013-07-01 2014-06-30 true 04742745 2013-07-01 2014-06-30 04742745 2014-06-30 04742745 2013-06-30 04742745 uk-gaap-cd-bus:Director1 2013-07-01 2014-06-30 04742745 uk-gaap-cd-bus:Director2 2013-07-01 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-07-01 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-30 iso4217:GBP shares

Registered Number 04742745

AVAILABLE HOMES LIMITED

Abbreviated Accounts

30 June 2014

AVAILABLE HOMES LIMITED Registered Number 04742745

Abbreviated Balance Sheet as at 30 June 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	147,047	178,717
		147,047	178,717
Current assets
Debtors		11,337	100
Cash at bank and in hand		17,469	3,090
		28,806	3,190
Creditors: amounts falling due within one year	3	(165,768)	(157,689)
Net current assets (liabilities)		(136,962)	(154,499)
Total assets less current liabilities		10,085	24,218
Creditors: amounts falling due after more than one year	3	-	(24,389)
Total net assets (liabilities)		10,085	(171)
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		9,985	(271)
Shareholders' funds		10,085	(171)

For the year ending 30 June 2014 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 11 March 2015

And signed on their behalf by:
M J Cole, Director

AVAILABLE HOMES LIMITED Registered Number 04742745

Notes to the Abbreviated Accounts for the period ended 30 June 2014

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 the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Land and buildings - Not depreciated
Fixtures, fittings and equipment – 10% straight line

Other accounting policies
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax, with the following exceptions:
Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Going concern
These accounts are prepared on the going concern basis. As reflected within these financial statements, the company has reported a trading profit of £10,256 (2013: Loss £384) and had net assets of £10,085 (2012: Deficiency of net assets £171).

Assuming the continuing support of the company's bank and Director, it is the Director's view that the company will continue in operational existence and will be able to meet its liabilities as they fall due and thus the financial statements have been prepared on the going concern basis.

2Tangible fixed assets

	£
Cost
At 1 July 2013	181,307
Additions	21,990
Disposals	(55,230)
Revaluations	-
Transfers	-
At 30 June 2014	148,067
Depreciation
At 1 July 2013	2,590
Charge for the year	1,020
On disposals	(2,590)
At 30 June 2014	1,020
Net book values
At 30 June 2014	147,047
At 30 June 2013	178,717

3Creditors

	2014 £	2013 £
Secured Debts	-	2,441
Instalment debts due after 5 years	-	17,067

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100