Hollands Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03418167 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 August 2014

for

HOLLANDS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

P D Holland

Mrs L Holland

C D Skelton

SECRETARY:

Mrs L Holland

REGISTERED OFFICE:

Brookside House Farm

Wood Lane

Yoxall

Burton on Trent

Staffordshire

DE13 8PH

REGISTERED NUMBER:

03418167 (England and Wales)

ACCOUNTANTS:

Haslehursts Limited

88 Hill Village Road

Sutton Coldfield

West Midlands

B75 5BE

FIXED ASSETS

Tangible assets

2

4,929

6,531

Investments

3

159,468

159,468

164,397

165,999

CURRENT ASSETS

Stocks

467,749

186,874

Debtors

2,881

27,730

Cash at bank

107,812

184,820

578,442

399,424

CREDITORS

Amounts falling due within one year

4

(698,683

)

(428,654

)

NET CURRENT LIABILITIES

(120,241

)

(29,230

)

TOTAL ASSETS LESS CURRENT LIABILITIES

44,156

136,769

CAPITAL AND RESERVES

Called up share capital

5

297,000

297,000

Profit and loss account

(252,844

)

(160,231

)

SHAREHOLDERS' FUNDS

44,156

136,769

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 20 May 2015 and were signed on its behalf by:

P D Holland - 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).

The accounts are prepared on the going concern basis on the assumption that the company's

creditors, in particular the director of the company continues to provide financial support to the

company.

Turnover

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

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% 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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

and 31 August 2014

14,868

DEPRECIATION

At 1 September 2013

8,337

Charge for year

1,602

At 31 August 2014

9,939

NET BOOK VALUE

At 31 August 2014

4,929

At 31 August 2013

6,531

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 September 2013

and 31 August 2014

159,468

NET BOOK VALUE

At 31 August 2014

159,468

At 31 August 2013

159,468

The company's investments at the Balance Sheet date in the share capital of companies include the

following:

West Midland Properties Limited

Nature of business:

%

Class of shares:

holding

Ordinary

40.00

31/12/13

£

Aggregate capital and reserves

382,705

Loss for the year

(39,041

)

4.

CREDITORS

Creditors include an amount of £ 280,000 for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

297,000

Ordinary

£1

297,000

297,000