Abbreviated Company Accounts - A.S. HANDOVER LIMITED

A.S. HANDOVER LIMITED - Company Information

00472786 A.S. HANDOVER LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 00472786 2014-01-01 2014-12-31 00472786 2014-12-31 00472786 2013-12-31 00472786 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 00472786 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 00472786

A.S. HANDOVER LIMITED

Abbreviated Accounts

31 December 2014

A.S. HANDOVER LIMITED Registered Number 00472786

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	639,401	652,153
Investments	3	65,000	65,000
		704,401	717,153
Current assets
Stocks		283,632	273,398
Debtors		326,590	240,969
Investments		15,555	25,790
Cash at bank and in hand		325,686	376,465
		951,463	916,622
Creditors: amounts falling due within one year		(86,184)	(102,532)
Net current assets (liabilities)		865,279	814,090
Total assets less current liabilities		1,569,680	1,531,243
Creditors: amounts falling due after more than one year		(61,189)	(61,189)
Total net assets (liabilities)		1,508,491	1,470,054
Capital and reserves
Called up share capital	4	500	500
Profit and loss account		1,507,991	1,469,554
Shareholders' funds		1,508,491	1,470,054

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 29 September 2015

And signed on their behalf by:
M K C Venus, Director

A.S. HANDOVER LIMITED Registered Number 00472786

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.

Turnover policy
Turnover comprises the invoiced goods and services supplied by the company, net of Value Added Tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off the cost, less estimated residual value, of the asset over its useful life as follows:

Freehold property - 2% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Valuation information and policy
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Other accounting policies
Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Investments held as fixed assets.

Investments held as fixed assets are valued at cost.

Quoted equity securities.

Quoted equity securities are re-valued at the mid market price at the Balance Sheet date.

Taxation

Corporation tax payable is provided on taxable profits at the current rate. Deferred tax assets and liabilities arise from timing differences between the recognition of gains and losses in the financial statements and their recognition in a tax computation. Deferred tax is provided in respect of all material timing differences that have originated, but not reversed, at the balance sheet date that may give rise to an obligation to pay more or less tax in the future. Deferred tax is measured on a non-discounted basis.

2Tangible fixed assets

	£
Cost
At 1 January 2014	793,638
Additions	-
Disposals	(12,713)
Revaluations	-
Transfers	-
At 31 December 2014	780,925
Depreciation
At 1 January 2014	141,485
Charge for the year	11,797
On disposals	(11,758)
At 31 December 2014	141,524
Net book values
At 31 December 2014	639,401
At 31 December 2013	652,153

3Fixed assets Investments
These are valued at cost

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
500 Ordinary shares of £1 each	500	500