Abbreviated Company Accounts - HANDFIELD LIMITED

02146409 HANDFIELD LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 02146409 2014-01-01 2014-12-31 02146409 2014-12-31 02146409 2013-12-31 02146409 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 02146409 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:Director3 2014-01-01 2014-12-31 uk-gaap-cd-bus:Director3 2014-12-31 uk-gaap-cd-bus:Director3 2013-12-31 iso4217:GBP shares

Registered Number 02146409

HANDFIELD LIMITED

Abbreviated Accounts

31 December 2014

HANDFIELD LIMITED Registered Number 02146409

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	62	82
		62	82
Current assets
Stocks		160,046	160,046
Debtors		5,917	5,549
Cash at bank and in hand		1,447	2,595
		167,410	168,190
Creditors: amounts falling due within one year		(105,902)	(111,151)
Net current assets (liabilities)		61,508	57,039
Total assets less current liabilities		61,570	57,121
Creditors: amounts falling due after more than one year		(87,708)	(89,111)
Total net assets (liabilities)		(26,138)	(31,990)
Capital and reserves
Called up share capital		100	100
Profit and loss account		(26,238)	(32,090)
Shareholders' funds		(26,138)	(31,990)

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 31 August 2015

And signed on their behalf by:
Mr Brian Whitfield, Director

HANDFIELD LIMITED Registered Number 02146409

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
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:

Fixtures, Fittings and Equipment - 25% Reducing Balance Basis.
Plant and Machinery - 25% Reducing Balance Basis.

2Tangible fixed assets

	£
Cost
At 1 January 2014	1,961
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	1,961
Depreciation
At 1 January 2014	1,879
Charge for the year	20
On disposals	-
At 31 December 2014	1,899
Net book values
At 31 December 2014	62
At 31 December 2013	82

3Transactions with directors

Name of director receiving advance or credit:	Mr Brian Whitfield
Description of the transaction:	DLA
Balance at 1 January 2014:	£ 99,280
Advances or credits made:	-
Advances or credits repaid:	£ 1,969
Balance at 31 December 2014:	£ 97,311

The company owes the director, upon which no interest has been charged.