HEYFIELD_INTERNATIONAL_CO - Accounts

HEYFIELD INTERNATIONAL CORP. LIMITED - Company Information

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Company Registration No. 08439638 (England and Wales)

HEYFIELD INTERNATIONAL CORP. LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

137028-2014

Registered office

5th Floor

86 Jermyn Street

London

SW1Y 6AW

HEYFIELD INTERNATIONAL CORP. LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2014

- 1 -

2014

2013

Notes

US$

Current assets

Debtors

63,735

45,743

Cash at bank and in hand

9,888

73,623

45,743

Creditors: amounts falling due within one year

(14,200)

(19,629)

Total assets less current liabilities

59,423

26,114

Capital and reserves

Called up share capital

1,978

Profit and loss account

57,445

24,136

Shareholders' funds

59,423

26,114

For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 8 July 2015

S Zuger

M Elzi

Director

Company Registration No. 08439638

HEYFIELD INTERNATIONAL CORP. LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Share capital

2014

2013

US$

Allotted, called up and fully paid

Ordinary shares

1,978

The issued share represent 1,200 ordinary shares with a par value of £1 each.