Horsfield-Smith Limited - Period Ending 2014-10-31
Horsfield-Smith Limited - Period Ending 2014-10-31
Registration number:
Horsfield-Smith Limited
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Horsfield-Smith Limited
abbreviated balance sheet
31 October 2014
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2013
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Fixed assets |
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Intangible fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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1
Horsfield-Smith Limited
abbreviated balance sheet ......... continued
31 October 2014
Approved by the Board on
.........................................
Mr Nuttall
Director
Company Registration Number: 06728053
2
Horsfield-Smith Limited
Notes to the Abbreviated Accounts
Year Ended 31 October 2014
Accounting policies |
Basis of preparation
The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
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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 |
Office equipment |
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Fixtures and Fittings |
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Computer equipment |
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Work in progress
Horsfield-Smith Limited
Notes to the Abbreviated Accounts
Year Ended 31 October 2014
Deferred tax
Hire purchase and leasing
Financial instruments
Pensions
Horsfield-Smith Limited
Notes to the Abbreviated Accounts
Year Ended 31 October 2014
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 November 2013 |
500,000 |
80,828 |
580,828 |
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Additions |
- |
15,878 |
15,878 |
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At 31 October 2014 |
500,000 |
96,706 |
596,706 |
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Depreciation |
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At 1 November 2013 |
241,674 |
50,939 |
292,613 |
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Charge for the year |
50,000 |
19,810 |
69,810 |
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At 31 October 2014 |
291,674 |
70,749 |
362,423 |
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Net book value |
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At 31 October 2014 |
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At 31 October 2013 |
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Share capital |
Allotted, called up and fully paid shares
2014 |
2013 |
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No. |
£ |
No. |
£ |
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