HAVILAND DESIGNS LIMITED - Limited company accounts 11.6

REGISTERED NUMBER: 07871970 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 March 2015

for

HAVILAND DESIGNS LIMITED

Page

Company Information

1

Report of the Director

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

R M WELLS

SECRETARY:

MRS S WELLS

REGISTERED OFFICE:

143 ROSENDALE ROAD

London

SE21 8HE

REGISTERED NUMBER:

07871970 (England and Wales)

ACCOUNTANTS:

Margaret Murray

2 Velde Way

East Dulwich Grove

London

SE22 8TP

The director presents his report with the financial statements of the company for the year ended 31 March 2015.

DIRECTOR

R M WELLS held office during the whole of the period from 1 April 2014 to the date of this report.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating

to small companies.

ON BEHALF OF THE BOARD:

R M WELLS - Director

29 May 2015

TURNOVER

314,892

557,886

Cost of sales

170,925

285,320

GROSS PROFIT

143,967

272,566

Administrative expenses

85,129

97,404

OPERATING PROFIT

2

58,838

175,162

Interest receivable and similar income

79

293

PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION

58,917

175,455

Tax on profit on ordinary activities

3

11,853

34,484

PROFIT FOR THE FINANCIAL YEAR

47,064

140,971

FIXED ASSETS

Tangible assets

5

2,734

3,082

CURRENT ASSETS

Debtors

6

88,321

101,681

Cash at bank

99,051

168,085

187,372

269,766

CREDITORS

Amounts falling due within one year

7

37,313

69,402

NET CURRENT ASSETS

150,059

200,364

TOTAL ASSETS LESS CURRENT LIABILITIES

152,793

203,446

CAPITAL AND RESERVES

Called up share capital

8

100

100

Profit and loss account

9

152,693

203,346

SHAREHOLDERS' FUNDS

152,793

203,446

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the director on 29 May 2015 and were signed by:

R M WELLS - 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).

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.

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.	OPERATING PROFIT

The operating profit is stated after charging:

31.3.15

31.3.14

£

£

Depreciation - owned assets

910

1,027

Director's remuneration and other benefits etc

18,800

19,422

3.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the year was as follows:

31.3.15

31.3.14

£

£

Current tax:

UK corporation tax

11,853

34,484

Tax on profit on ordinary activities

11,853

34,484

4.

DIVIDENDS

31.3.15

31.3.14

£

£

ORDINARY shares of 1 each

Final

97,717

151,525

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2014

4,109

Additions

562

At 31 March 2015

4,671

DEPRECIATION

At 1 April 2014

1,027

Charge for year

910

At 31 March 2015

1,937

NET BOOK VALUE

At 31 March 2015

2,734

At 31 March 2014

3,082

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.15

31.3.14

£

£

Trade debtors

88,321

101,681

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.15

31.3.14

£

£

Trade creditors

(1

)

(1

)

Taxation and social security

36,213

67,290

Other creditors

1,101

2,113

37,313

69,402

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

100

ORDINARY

1

100

100

9.

RESERVES

Profit

and loss

account

£

At 1 April 2014

203,346

Profit for the year

47,064

Dividends

(97,717

)

At 31 March 2015

152,693