Abbreviated Company Accounts - HAYES LIMITED

03337047 HAYES LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 03337047 2013-04-01 2014-03-31 03337047 2014-03-31 03337047 2013-03-31 03337047 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 03337047 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 03337047

HAYES LIMITED

Abbreviated Accounts

31 March 2014

HAYES LIMITED Registered Number 03337047

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets		-	-
Tangible assets	2	11,536	13,572
Investments		-	-
		11,536	13,572
Current assets
Stocks		9,900	9,100
Debtors		4,770	12,427
Investments		-	-
Cash at bank and in hand		-	-
		14,670	21,527
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(22,901)	(27,218)
Net current assets (liabilities)		(8,231)	(5,691)
Total assets less current liabilities		3,305	7,881
Creditors: amounts falling due after more than one year		0	(3,750)
Provisions for liabilities		(2,307)	(2,714)
Accruals and deferred income		0	0
Total net assets (liabilities)		998	1,417
Capital and reserves
Called up share capital	3	1	1
Share premium account		0	0
Revaluation reserve		0	0
Other reserves		0	0
Profit and loss account		997	1,416
Shareholders' funds		998	1,417

For the year ending 31 March 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 27 August 2014

And signed on their behalf by:
L D HAYES, Director

HAYES LIMITED Registered Number 03337047

Notes to the Abbreviated Accounts for the period ended 31 March 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 net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Other accounting policies
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 habe 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.
The pension costs are the amounts paid by the company to the scheme during the year.

2Tangible fixed assets

	£
Cost
At 1 April 2013	23,062
Additions	0
Disposals	0
Revaluations	0
Transfers	0
At 31 March 2014	23,062
Depreciation
At 1 April 2013	9,490
Charge for the year	2,036
On disposals	0
At 31 March 2014	11,526
Net book values
At 31 March 2014	11,536
At 31 March 2013	13,572

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

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