Resolution Homes Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04953246

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2013

FOR

RESOLUTION HOMES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr E Lawley

Mr C Porter

SECRETARY:

Mr E Lawley

REGISTERED OFFICE:

12D Merchant Lane

Cranfield

Bedfordshire

MK43 0DA

REGISTERED NUMBER:

04953246

ACCOUNTANTS:

Hanburys Limited

6b Parkway

Porters Wood

St Albans

Hertfordshire

AL3 6PA

FIXED ASSETS

Tangible assets

2

37,841

39,937

CURRENT ASSETS

Stocks

80,800

29,721

Debtors

14,197

25,954

Cash at bank and in hand

10,454

465,277

105,451

520,952

CREDITORS

Amounts falling due within one year

51,323

468,066

NET CURRENT ASSETS

54,128

52,886

TOTAL ASSETS LESS CURRENT LIABILITIES

91,969

92,823

CREDITORS

Amounts falling due after more than one year

(32,802

)

(16,275

)

PROVISIONS FOR LIABILITIES

(8,473

)

(3,239

)

NET ASSETS

50,694

73,309

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

50,594

73,209

SHAREHOLDERS' FUNDS

50,694

73,309

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2013 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 29 August 2014 and were signed on its behalf by:

Mr E Lawley - Director

Mr C Porter - 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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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 have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2012

78,347

Additions

16,312

Disposals

(15,000

)

At 30 November 2013

79,659

DEPRECIATION

At 1 December 2012

38,410

Charge for year

13,266

Eliminated on disposal

(9,858

)

At 30 November 2013

41,818

NET BOOK VALUE

At 30 November 2013

37,841

At 30 November 2012

39,937

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.13

30.11.12

value:

£

£

100

Ordinary

£1

100

100