Abbreviated Company Accounts - HOLLYGLEN LIMITED

NI610227 HOLLYGLEN LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true NI610227 2014-01-01 2014-12-31 NI610227 2014-12-31 NI610227 2013-12-31 NI610227 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 NI610227 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 NI610227

HOLLYGLEN LIMITED

Abbreviated Accounts

31 December 2014

HOLLYGLEN LIMITED Registered Number NI610227

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	2,500	3,611
Tangible assets	3	175,855	163,615
		178,355	167,226
Current assets
Stocks		7,318	8,529
Debtors		2,472	-
Cash at bank and in hand		11,074	2,812
		20,864	11,341
Creditors: amounts falling due within one year		(289,868)	(216,572)
Net current assets (liabilities)		(269,004)	(205,231)
Total assets less current liabilities		(90,649)	(38,005)
Total net assets (liabilities)		(90,649)	(38,005)
Capital and reserves
Called up share capital	4	1	1
Profit and loss account		(90,650)	(38,006)
Shareholders' funds		(90,649)	(38,005)

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 30 September 2015

And signed on their behalf by:
Gareth Graham, Director

HOLLYGLEN LIMITED Registered Number NI610227

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 represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Land and buildings 2% straight line
Plant and machinery 20% straight line

Intangible assets amortisation policy
Intangible Fixed Assets and Depreciation
Goodwill on acquisition has been capitalised and is being amortised over 20 years, which represents its useful life in the opinion of the directors.

2Intangible fixed assets

	£
Cost
At 1 January 2014	5,555
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	5,555
Amortisation
At 1 January 2014	1,944
Charge for the year	1,111
On disposals	-
At 31 December 2014	3,055
Net book values
At 31 December 2014	2,500
At 31 December 2013	3,611

3Tangible fixed assets

	£
Cost
At 1 January 2014	175,521
Additions	19,320
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	194,841
Depreciation
At 1 January 2014	11,906
Charge for the year	7,080
On disposals	-
At 31 December 2014	18,986
Net book values
At 31 December 2014	175,855
At 31 December 2013	163,615

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

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