HERTS_GLASS_COMPANY_LIMIT - Accounts

HERTS GLASS COMPANY LIMITED - Company Information

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Company Registration No. 00939857 (England and Wales)

HERTS GLASS COMPANY LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

HERTS GLASS COMPANY LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

HERTS GLASS COMPANY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

145,000

435,000

Current assets

Debtors

363

721

Cash at bank and in hand

39,893

10,593

40,256

11,314

Creditors: amounts falling due within one year

(45,216)

(47,231)

Net current liabilities

(4,960)

(35,917)

Total assets less current liabilities

140,040

399,083

Creditors: amounts falling due after more than one year

(170,034)

140,040

229,049

Capital and reserves

Called up share capital

Revaluation reserve

239,690

Other reserves

Profit and loss account

139,940

(10,741)

Shareholders' funds

140,040

229,049

HERTS GLASS COMPANY LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2014

- 2 -

For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 16 July 2014

C. Hickey

Director

Company Registration No. 00939857

HERTS GLASS COMPANY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Tangible fixed assets and depreciation

The part of the annual depreciation charge on revalued assets which relates to the revaluation surplus is transferred from the revaluation reserve to the profit and loss account.

Investment properties are included in the balance sheet at their open market value. These are not depreciated.

Although this accounting policy is in accordance with the applicable accounting standard, SSAP 19, Accounting for investment properties, it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view.

1.3

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 1 April 2013

435,000

Disposals

(290,000)

At 31 March 2014

145,000

At 31 March 2013

435,000

Share capital

2014

2013

Allotted, called up and fully paid

50 Ordinary shares of £1 each

On 30 October 2013 the company repurchased 49 ordinary shares of £1 each for £59,735.