HEP_SUPPLIES_LIMITED - Accounts

HEP SUPPLIES LIMITED - Company Information

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Company Registration No. 05037496 (England and Wales)

HEP SUPPLIES LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

HEP SUPPLIES LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

HEP SUPPLIES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

196,026

217,844

Investments

2,550

198,576

220,394

Current assets

Stocks

202,508

302,500

Debtors

252,282

134,906

Cash at bank and in hand

37,037

39,864

491,827

477,270

Creditors: amounts falling due within one year

(330,099)

(331,218)

Net current assets

161,728

146,052

Total assets less current liabilities

360,304

366,446

Creditors: amounts falling due after more than one year

(102,421)

(176,185)

257,883

190,261

Capital and reserves

Called up share capital

3,000

Profit and loss account

254,883

187,261

Shareholders' funds

257,883

190,261

HEP SUPPLIES LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 DECEMBER 2014

- 2 -

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

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 for issue on 17 September 2015

P Vagadia

Director

Company Registration No. 05037496

HEP SUPPLIES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

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

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Leasehold

4% straight line

Plant and machinery

15% reducing balance

Computer equipment

25% reducing balance

Fixtures, fittings & equipment

25% reducing balance

Motor vehicles

25% reducing balance

1.5

Investments

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

HEP SUPPLIES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2014

- 4 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 January 2014

280,802

2,550

283,352

Additions

28,379

At 31 December 2014

309,181

2,550

311,731

Depreciation

At 1 January 2014

62,959

Charge for the year

50,196

At 31 December 2014

113,155

Net book value

At 31 December 2014

196,026

2,550

198,576

At 31 December 2013

217,844

2,550

220,394

Share capital

2014

2013

Allotted, called up and fully paid

3,000 Ordinary Share of £1 each

3,000