HEDGEROW DESIGN & BUILD LIMITED Accounts filed on 28-02-2015

HEDGEROW DESIGN & BUILD LIMITED - Company Information

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HEDGEROW DESIGN & BUILD LIMITED

Company Registration Number:
03927196 (England and Wales)

Report of the Directors and Unaudited Financial Statements

Period of accounts

Start date: 01st March 2014

End date: 28th February 2015

SUBMITTED

Contents of the Financial Statements
for the Period Ended 28th February 2015


Company Information
Report of the Directors
Profit and Loss Account
Gains and Losses
Balance sheet
Notes to the Financial Statements

Company Information
for the Period Ended 28th February 2015

Director:		R Hedges






Registered office:		400 Harrow Road
		London



		W9 2HU




Company Registration Number:		03927196 (England and Wales)

Directors' Report Period Ended 28th February 2015

The directors present their report with the financial statements of the company for the period ended 28th February 2015

Principal activities
The principal activity of the company in the period under review was:
Building Contractors

Directors
The directors shown below have held office during the whole of the period from
01st March 2014 to 28th February 2015
R Hedges

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on 05 November 2015
And Signed On Behalf Of The Board By:

Name: R Hedges
Status: Director

Profit and Loss Account

for the Period Ended 28th February 2015

	Notes	2015 £	2014 £
Turnover:		345,610	1,205,499
Cost of sales:		289,873	916,707
Gross profit or (loss):		55,737	288,792
Administrative expenses:	2, 3	55,034	91,700
Operating profit or (loss):		703	197,092
Interest receivable and similar income:		46	0
Profit or (loss) on ordinary activities before taxation:		749	197,092
Tax on profit or (loss) on ordinary activities:	4	2,347	39,500
Profit or (loss) for the financial year:		( 1,598 )	157,592

The notes form part of these financial statements

Statement of total recognised gains and losses
28th February 2015

Statement of total recognised gains and losses

The company does not have any gains and losses other than Profit and Loss for the period to report.

The notes form part of these financial statements

Balance sheet
As at 28th February 2015

	Notes	2015 £	2014 £
Fixed assets
Tangible assets:	5	16,332	19,538
Total fixed assets:		16,332	19,538
Current assets
Stocks:	6	470,000	450,000
Debtors:	7	2,898	166
Cash at bank and in hand:		0	100
Total current assets:		472,898	450,266
Creditors: amounts falling due within one year	8	298,128	242,104
Net current assets (liabilities):		174,770	208,162
Total assets less current liabilities:		191,102	227,700
Total net assets (liabilities):		191,102	227,700

The notes form part of these financial statements

Balance sheet
As at 28th February 2015
continued

	Notes	2015 £	2014 £
Capital and reserves
Called up share capital:	9	100	100
Profit and Loss account:	10	191,002	227,600
Total shareholders funds:		191,102	227,700

For the year ending 28 February 2015 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 05 November 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: R Hedges
Status: Director

The notes form part of these financial statements

Notes to the Financial Statements
for the Period Ended 28th February 2015

1. Accounting policies

Basis of measurement and preparation of accounts

The Accounts have been prepared under the Historical Cost Convention and in accordance with the requirements of the Companies Act 2006.

Turnover policy

Turnover represents the total amount receivable for services provided in the ordinary course of business, excluding VAT, and is derived from the following geographical markets: UK 2015 - £345,610; UK 2014 - £1,205,499

Tangible fixed assets depreciation policy

Depreciation is calculated on a reducing balance basis as follows: Motor Vehicle - 25% per annum; Computer Equipment - 25% per annum

Valuation information and policy

Stocks and Work in Progresss Stocks have been valued at the lower of cost and net realisable value. Work in Progress has been stated at Cost plus attributable profits less any foreseeable losses. Attributable Profit is that part of the Profit currently estimated to arise over the duration of each contract which fairly reflects the Profit attributable to the work performance by the Balance Sheet date.

Other accounting policies

Cash Flow Statement The Company falls under the category of a ''Small Company'' as defined by the Companies Act and in view of this classification has decided not to prepare a Cash Flow Statement in accordance with the option contained within the Financial Reporting Standard (1).

Notes to the Financial Statements
for the Period Ended 28th February 2015

2 . Directors' remuneration

	2015	2014
	£	£
Directors' remuneration:	4,800	9,400
TOTAL:	4,800	9,400

The remuneration of the highest paid Director was 2015: £4,800, 2014: £9,400 The number of Directors falling within the following bands were: 2015 2014 £0 - £10,000 1 1

Notes to the Financial Statements
for the Period Ended 28th February 2015

3. Employees

	2015	2014
	£	£
Wages and salaries:	9,800	14,400
Total staff costs:	9,800	14,400
Average number of employees including directors during the period:	2	2

Notes to the Financial Statements
for the Period Ended 28th February 2015

4. Taxation

The tax charge on the profit on ordinary activities for the period was as follows:

	2015	2014
	£	£
UK Corporation Tax:	2,347	39,500
Tax on profit or (loss) on ordinary activities:	2,347	39,500

Profit or (loss) on ordinary activities before taxation:	749	197,092
Profit or (loss) on ordinary activities before taxation multiplied by the rate(s) of Corporation Tax applicable:	46,000	39,500
Any other adjustments:	( 43,653 )	0
Current tax charge or (credit):	2,347	39,500

Notes to the Financial Statements
for the Period Ended 28th February 2015

5. Tangible assets

	Land and buildings	Plant Machinery	Fixtures and fittings	Office Equipment	Motor vehicles	Total
Cost	£	£	£	£	£	£
At 01st March 2014:	-	-	-	5,570	47,512	53,082
At 28th February 2015:	-	-	-	5,570	47,512	53,082
Depreciation
At 01st March 2014:	-	-	-	4,744	28,800	33,544
Charge for year:	-	-	-	206	3,000	3,206
At 28th February 2015:	-	-	-	4,950	31,800	36,750
Net book value
At 28th February 2015:	-	-	-	620	15,712	16,332
At 28th February 2014:	-	-	-	826	18,712	19,538

Notes to the Financial Statements
for the Period Ended 28th February 2015

6. Stocks

	2015	2014
	£	£
Work in progress:	470,000	450,000
Total:	470,000	450,000

Notes to the Financial Statements
for the Period Ended 28th February 2015

7. Debtors

	2015	2014
	£	£
Prepayments and accrued income:	2,898	166
Total:	2,898	166

Notes to the Financial Statements
for the Period Ended 28th February 2015

8. Creditors: amounts falling due within one year

	2015	2014
	£	£
Bank loans and overdrafts:	15,612	1,379
Amounts due under finance leases and hire purchase contracts:	6,830	10,429
Taxation and social security:	46,000	49,400
Accruals and deferred income:	229,686	180,896
Total:	298,128	242,104

Notes to the Financial Statements
for the Period Ended 28th February 2015

9. Called up share capital

Allotted, called up and paid

Previous period			2014
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	100	1.00 1.00	100
Total share capital:			100

Current period			2015
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	100	1.00 1.00	100
Total share capital:			100

Notes to the Financial Statements
for the Period Ended 28th February 2015

10. Profit and loss account

	2015	2014
	£	£
Opening balance:	227,600	105,008
Profit or (loss) for the period:	( 1,598 )	157,592
Equity dividends paid:	35,000	35,000
Retained profit:	191,002	227,600

HEDGEROW DESIGN & BUILD LIMITED Accounts filed on 28-02-2015