WHITE_HORSE_DESIGN_&_BUIL - Accounts

WHITE HORSE DESIGN AND BUILD LTD. - Company Information

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Company Registration No. 03534277 (England and Wales)

WHITE HORSE DESIGN & BUILD LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

WHITE HORSE DESIGN & BUILD LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

WHITE HORSE DESIGN & BUILD LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

343

620

Current assets

Stocks

5,860

Debtors

5,908

29,734

Cash at bank and in hand

16,131

2,858

22,039

38,452

Creditors: amounts falling due within one year

(281,867)

(301,387)

Net current liabilities

(259,828)

(262,935)

Total assets less current liabilities

(259,485)

(262,315)

Capital and reserves

Called up share capital

Profit and loss account

(259,487)

(262,317)

Shareholders' funds

(259,485)

(262,315)

For the financial year ended 31 March 2015 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 8 October 2015

Mr R D Webster

Director

Company Registration No. 03534277

WHITE HORSE DESIGN & BUILD LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 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 equipment

25% per annum on net book value

1.5

Stock

Work in progress is valued at the lower of cost and net realisable value. Cost of work in progress comprises direct labour, materials and an appropriate proportion of overheads.

Fixed assets

Tangible assets

Cost

At 1 April 2014

6,362

Disposals

2,992

At 31 March 2015

9,354

Depreciation

At 1 April 2014

5,742

On disposals

3,147

Charge for the year

122

At 31 March 2015

9,011

Net book value

At 31 March 2015

343

At 31 March 2014

620

WHITE HORSE DESIGN & BUILD LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

2 Ordinary shares of £1 each