| Highland Joinery & Glazing Contractors Limited |
| Registered number: |
SC341054 |
| Abbreviated Balance Sheet |
| as at 31 March 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
94,478 |
|
|
60,436 |
|
| Current assets |
| Stocks |
|
|
18,903 |
|
|
34,358 |
| Debtors |
|
|
119,126 |
|
|
116,781 |
| Cash at bank and in hand |
|
|
10,799 |
|
|
74,735 |
|
|
|
148,828 |
|
|
225,874 |
|
| Creditors: amounts falling due within one year |
|
|
(137,893) |
|
|
(189,949) |
|
| Net current assets |
|
|
|
10,935 |
|
|
35,925 |
|
| Total assets less current liabilities |
|
|
|
105,413 |
|
|
96,361 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(28,905) |
|
|
(12,317) |
|
|
|
| Net assets |
|
|
|
76,508 |
|
|
84,044 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
76,506 |
|
|
84,042 |
|
| Shareholders' funds |
|
|
|
76,508 |
|
|
84,044 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Mr J Johnstone |
| Director |
| Approved by the board on 31 July 2015 |
|
| Highland Joinery & Glazing Contractors Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
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 |
|
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
20% - 33% straight line/ reducing balance |
|
Office Equipment |
33% straight line |
|
|
Stocks |
|
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
|
|
Leasing and hire purchase commitments |
|
Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.
Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2014 |
174,765 |
|
Additions |
64,628 |
|
Disposals |
(11,504) |
|
At 31 March 2015 |
227,889 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2014 |
114,329 |
|
Charge for the year |
28,539 |
|
On disposals |
(9,457) |
|
At 31 March 2015 |
133,411 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2015 |
94,478 |
|
At 31 March 2014 |
60,436 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
2 |
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|
