H C Joinery Limited - Period Ending 2015-03-31

Registration number: 06308681

H C Joinery Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

H C Joinery Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

H C Joinery Limited (Registration number: 06308681)
Abbreviated Balance Sheet at 31 March 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					1,240			1
Current assets
Stocks					3,403			3,060
Debtors					16,177			16,552
Cash at bank and in hand					15,833			9,877
					35,413			29,489
Creditors: Amounts falling due within one year					(32,806)			(28,543)
Net current assets					2,607			946
Net assets					3,847			947
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					3,845			945
Shareholders' funds					3,847			947

For the year ending 31 March 2015 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 1 June 2015 and signed on its behalf by:

.........................................
Mr H Davis
Director

.........................................
Mr C N Andrews
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

H C Joinery Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	4 years on a straight line basis
Motor vehicles	5 years on a straight line basis

Work in progress

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

H C Joinery Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2014		16,796			16,796
Additions		1,550			1,550
Disposals		(3,000)			(3,000)
At 31 March 2015		15,346			15,346
Depreciation
At 1 April 2014		16,795			16,795
Charge for the year		310			310
Eliminated on disposals		(2,999)			(2,999)
At 31 March 2015		14,106			14,106
Net book value
At 31 March 2015		1,240			1,240
At 31 March 2014		1			1

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
A ordinary of £1 each		2			2			2			2

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