Greenplan Designer Homes Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06790980 (England and Wales)

GREENPLAN DESIGNER HOMES LIMITED

ABBREVIATED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R J Burnham

Mrs V A Burnham

REGISTERED OFFICE:

Premier House

36-48 Queen Street

Horsham

West Sussex

RH13 5AD

REGISTERED NUMBER:

06790980 (England and Wales)

ACCOUNTANTS:

Perrys Accountants Limited

Chartered Accountants

Perry House

32-34 St Johns Road

Tunbridge Wells

Kent

TN4 9NT

FIXED ASSETS

Intangible assets

2

4,907

-

Tangible assets

3

8,755

25,970

Investments

4

1,682

-

15,344

25,970

CURRENT ASSETS

Stocks

383,500

-

Debtors

199,152

411,036

Cash at bank

275

95,063

582,927

506,099

CREDITORS

Amounts falling due within one year

296,879

303,971

NET CURRENT ASSETS

286,048

202,128

TOTAL ASSETS LESS CURRENT LIABILITIES

301,392

228,098

CREDITORS

Amounts falling due after more than one year

5

(4,164

)

(25,370

)

PROVISIONS FOR LIABILITIES

(1,751

)

(5,973

)

NET ASSETS

295,477

196,755

CAPITAL AND RESERVES

Called up share capital

6

100

100

Profit and loss account

295,377

196,655

SHAREHOLDERS' FUNDS

295,477

196,755

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 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 25 June 2015 and were signed on its behalf by:

R J Burnham - 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.

Fixtures and fittings

-

33% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

5,165

At 31 March 2015

5,165

AMORTISATION

Amortisation for year

258

At 31 March 2015

258

NET BOOK VALUE

At 31 March 2015

4,907

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

38,993

Additions

243

Disposals

(16,495

)

At 31 March 2015

22,741

DEPRECIATION

At 1 April 2014

13,023

Charge for year

9,533

Eliminated on disposal

(8,570

)

At 31 March 2015

13,986

NET BOOK VALUE

At 31 March 2015

8,755

At 31 March 2014

25,970

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

Additions

25,000

Disposals

(23,318

)

At 31 March 2015

1,682

NET BOOK VALUE

At 31 March 2015

1,682

5.

CREDITORS

Creditors include the following debts falling due in more than five years:

2015

2014

£

£

Repayable by instalments

-

12,025

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

75

Ordinary A

£1

75

75

25

Ordinary B

£1

25

25

100

100

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year under review, the directors received dividends totalling £66,849.

8.	RELATED PARTY DISCLOSURES

Greenplan Designer Homes (Burgess Hill) Limited

A company in which R Burnham is also a director

During the year the company sold services amounting to £573,755 to Greenplan Designer Homes

(Burgess Hill) Limited. At 31 March 2015 a balance of £106,218 was owed to Greenplan Designer

Homes (Burgess Hill) Limited. This balance is included within other creditors.

Greenplan Designer Homes (Hassocks) Limited

A company in which R Burnham is also a director

During the year the company sold services amounting to £598,344 to Greenplan Designer Homes

(Hassocks) Limited. At 31 March 2015 a balance of £73,584 was owed by Greenplan Designer Homes

(Hassocks) Limited. This balance is included within other debtors.