Abbreviated Company Accounts - NEWFIELDS FINE HOMES LIMITED

NEWFIELDS FINE HOMES LIMITED - Company Information

05864739 NEWFIELDS FINE HOMES LIMITED 2014-08-31 false 2013-09-01 2014-08-31 true 05864739 2013-09-01 2014-08-31 05864739 2014-08-31 05864739 2013-08-31 05864739 uk-gaap-cd-bus:Director1 2013-09-01 2014-08-31 05864739 uk-gaap-cd-bus:Director2 2013-09-01 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-09-01 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-08-31 iso4217:GBP shares

Registered Number 05864739

NEWFIELDS FINE HOMES LIMITED

Abbreviated Accounts

31 August 2014

NEWFIELDS FINE HOMES LIMITED Registered Number 05864739

Abbreviated Balance Sheet as at 31 August 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	6,640	8,855
		6,640	8,855
Current assets
Stocks		7,500	-
Debtors		3,312	3,362
Cash at bank and in hand		2,552	757
		13,364	4,119
Creditors: amounts falling due within one year		(57,599)	(27,035)
Net current assets (liabilities)		(44,235)	(22,916)
Total assets less current liabilities		(37,595)	(14,061)
Total net assets (liabilities)		(37,595)	(14,061)
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		(37,597)	(14,063)
Shareholders' funds		(37,595)	(14,061)

For the year ending 31 August 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 30 January 2015

And signed on their behalf by:
A Reeve, Director

NEWFIELDS FINE HOMES LIMITED Registered Number 05864739

Notes to the Abbreviated Accounts for the period ended 31 August 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:

Plant & machinery - 25% reducing balance
Office equipment - 25% reducing balance
Motor vehicles - 25% reducing balance

Valuation information and policy
Stock is valued at the lower of cost and net realisable value.

Other accounting policies
Provision is made for deferred tax using the liability method to take account of timing differences between the income and expenditure for taxation and accountng purposes except to the extent that the directors consider that a liability to taxation is unlikely to materialise.

2Tangible fixed assets

	£
Cost
At 1 September 2013	29,019
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2014	29,019
Depreciation
At 1 September 2013	20,164
Charge for the year	2,215
On disposals	-
At 31 August 2014	22,379
Net book values
At 31 August 2014	6,640
At 31 August 2013	8,855

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2