BEAVER_HOMES_(MANSFIELD)_ - Accounts

BEAVER HOMES (MANSFIELD) LIMITED - Company Information

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Company Registration No. 04279653 (England and Wales)

BEAVER HOMES (MANSFIELD) LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2015

BEAVER HOMES (MANSFIELD) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

BEAVER HOMES (MANSFIELD) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JANUARY 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

1,850

2,467

Current assets

Stocks

88,831

401,760

Debtors

350,448

25,224

Cash at bank and in hand

628

4,550

439,907

431,534

Creditors: amounts falling due within one year

(68,197)

(14,939)

Net current assets

371,710

416,595

Total assets less current liabilities

373,560

419,062

Capital and reserves

Called up share capital

Profit and loss account

373,558

419,060

Shareholders' funds

373,560

419,062

For the financial year ended 31 January 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 29 October 2015

Mr A H Ripley

Director

Company Registration No. 04279653

BEAVER HOMES (MANSFIELD) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2015

- 2 -

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:

Plant and machinery

25% reducing balance

Fixtures, fittings & equipment

3 years straight line

Motor vehicles

25% reducing balance

1.5

Stock and work in progress

Work in progress is valued at the lower of cost and net realisable value.

1.6

Revenue recognition

Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of work performed. Revenue not billed to clients is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.

Fixed assets

Tangible assets

Cost

At 1 February 2014 & at 31 January 2015

15,535

Depreciation

At 1 February 2014

13,068

Charge for the year

617

At 31 January 2015

13,685

Net book value

At 31 January 2015

1,850

At 31 January 2014

2,467

BEAVER HOMES (MANSFIELD) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JANUARY 2015

- 3 -

Debtors

Debtors include an amount of £62,110 (2014 - £-) which is due after more than one year.

Share capital

2015

2014

Allotted, called up and fully paid

2 Ordinary of £1 each

Related party relationships and transactions

Advances and credits to directors

Advances and credits granted to the directors during the year are outlined in the table below:

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Mr A H Ripley - Advances

(9,633)

439,643

181,572

248,438

(9,633)

439,643

181,572

248,438