Peter Hepworth Components Limited - Limited company - abbreviated

REGISTERED NUMBER: 06529446 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2015

FOR

PETER HEPWORTH COMPONENTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

G P C Hepworth

Mrs C A Hepworth

SECRETARY:

G P C Hepworth

REGISTERED OFFICE:

3 & 4 Park Court

Riccall Road

Escrick

York

North Yorkshire

YO19 6ED

REGISTERED NUMBER:

06529446 (England and Wales)

ACCOUNTANTS:

CGA

Chartered Certified Accountants

3 & 4 Park Court

Riccall Road

Escrick

York

North Yorkshire

YO19 6ED

FIXED ASSETS

Intangible assets

2

84,500

91,000

Tangible assets

3

4,613

5,724

Investments

4

8,000

97,113

104,724

CURRENT ASSETS

Stocks

16,844

14,611

Debtors

48,749

100,092

Cash in hand

33

56

65,626

114,759

CREDITORS

Amounts falling due within one year

5

51,574

77,132

NET CURRENT ASSETS

14,052

37,627

TOTAL ASSETS LESS CURRENT
LIABILITIES

111,165

142,351

PROVISIONS FOR LIABILITIES

923

1,145

NET ASSETS

110,242

141,206

CAPITAL AND RESERVES

Called up share capital

6

2

Profit and loss account

110,240

141,204

SHAREHOLDERS' FUNDS

110,242

141,206

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2015 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 15th September 2015 and were signed on its
behalf by:

G P C Hepworth - 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 goods, excluding value added tax.

Revenue is recognised once the goods have been sold and where it is virtually certain that payment will be

received.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% 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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2014

and 31st March 2015

130,000

AMORTISATION

At 1st April 2014

39,000

Amortisation for year

6,500

At 31st March 2015

45,500

NET BOOK VALUE

At 31st March 2015

84,500

At 31st March 2014

91,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2014

9,265

Additions

320

At 31st March 2015

9,585

DEPRECIATION

At 1st April 2014

3,541

Charge for year

1,431

At 31st March 2015

4,972

NET BOOK VALUE

At 31st March 2015

4,613

At 31st March 2014

5,724

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1st April 2014

and 31st March 2015

8,000

NET BOOK VALUE

At 31st March 2015

8,000

At 31st March 2014

8,000

5.

CREDITORS

Creditors include an amount of £ 0 (2014 - £ 47,231 ) for which security has been given.

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

2

Ordinary

£1

2

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year under review the directors made transactions with the company.

The company made advances totalling £94,735 (2014 - £103,717) and this was offset by credits totalling

£110,439 (2014 - £102,971) of which £109,000 (2014 - £101,000) comprised a voted dividend.

The company also paid the directors £8,880 (2014 - £8,880) in the year in respect of rent.

At the year end, the amount owed to the directors was £15,968 (2014 - £264) and this is included within other

creditors.

This balance has no interest charged thereon.

There are no conditions attached to advances to the director, however, the director must ensure that this is not

detrimental to the company.

8.	CONTROLLING PARTY

The company is under control by the directors by virtue of their 100% shareholding.

Peter Hepworth Components Limited - Limited company - abbreviated - 11.6

Peter Hepworth Components Limited - Limited company - abbreviated - 11.6