Hortic Holdings Limited - Period Ending 2014-12-31

Registration number: 04676197

Hortic Holdings Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2014
 

Bulley Davey Limited
Chartered Certified Accountants
1 - 4 London Road
Spalding
Lincolnshire
PE11 2TA

Hortic Holdings Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Hortic Holdings Limited
(Registration number: 04676197)
Abbreviated Balance Sheet at 31 December 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets		2			633,166			643,655
Investments					56,920			56,920
					690,086			700,575
Current assets
Debtors					1,109			1,129
Cash at bank and in hand					16,620			23,936
					17,729			25,065
Creditors: Amounts falling due within one year					(225,919)			(246,227)
Net current liabilities					(208,190)			(221,162)
Total assets less current liabilities					481,896			479,413
Creditors: Amounts falling due after more than one year					(161,465)			(178,613)
Provisions for liabilities					-			(329)
Net assets					320,431			300,471
Capital and reserves
Called up share capital		4			2			2
Capital redemption reserve					(82,433)			(82,433)
Profit and loss account					402,862			382,902
Shareholders' funds					320,431			300,471

For the year ending 31 December 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 16 August 2015 and signed on its behalf by:

 M W Panter
 Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Hortic Holdings Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

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
Plant and machinery	25% straight line basis
Land and buildings	Nil and 4% straight line basis

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

2	Fixed assets

		Tangible assets £			Investments £			Total £
Cost
At 1 January 2014		778,195			56,920			835,115
Disposals		(5,001)			-			(5,001)
At 31 December 2014		773,194			56,920			830,114
Depreciation
At 1 January 2014		134,540			-			134,540
Charge for the year		6,739			-			6,739
Eliminated on disposals		(1,251)			-			(1,251)
At 31 December 2014		140,028			-			140,028
Net book value
At 31 December 2014		633,166			56,920			690,086
At 31 December 2013		643,655			56,920			700,575

Page 2

Hortic Holdings Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued

3

Creditors

Included in the creditors are the following amounts due after more than five years:

		2014 £			2013 £
After more than five years by instalments		86,554			103,702

4	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary of £1 each		2			2			2			2

5

Control

The company is controlled by the directors who own 100% of the called up share capital.

Page 3