Horn Machinery Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 03888112 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 November 2013

for

Horn Machinery Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

B H Horn

SECRETARY:

Tag Secretarial Limited

REGISTERED OFFICE:

Copthorne Farm

Woods Lane

Eagland Hill

Preston

Lancashire

PR3 6BB

REGISTERED NUMBER:

03888112 (England and Wales)

ACCOUNTANTS:

Towers & Gornall

Chartered Certified Accountants

Suites 5 & 6, The Printworks

Hey Road

Barrow

Clitheroe

Lancashire

BB7 9WB

SOLICITORS:

Napthens Solicitors

7 Winckley Square

Preston

Lancashire

PR1 3JD

FIXED ASSETS

Tangible assets

2

11,130

13,211

CURRENT ASSETS

Stocks

65,667

107,874

Debtors

52,884

44,584

Cash at bank and in hand

17,996

16,512

136,547

168,970

CREDITORS

Amounts falling due within one year

53,033

110,639

NET CURRENT ASSETS

83,514

58,331

TOTAL ASSETS LESS CURRENT LIABILITIES

94,644

71,542

PROVISIONS FOR LIABILITIES

1,700

2,000

NET ASSETS

92,944

69,542

CAPITAL AND RESERVES

Called up share capital

3

30

30

Profit and loss account

92,914

69,512

SHAREHOLDERS' FUNDS

92,944

69,542

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 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 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 director on 29 August 2014 and were signed by:

B H Horn - 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

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

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

and 30 November 2013

60,869

DEPRECIATION

At 1 December 2012

47,658

Charge for year

2,081

At 30 November 2013

49,739

NET BOOK VALUE

At 30 November 2013

11,130

At 30 November 2012

13,211

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.13

30.11.12

value:

£

£

30

Ordinary

£1

30

30

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The company occupies rent free premises which are privately owned by the director B H

Horn.

5.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is B H Horn.