A & B Homes Ltd - Limited company - abbreviated - 11.9
A & B Homes Ltd - Limited company - abbreviated - 11.9
REGISTERED NUMBER: |
ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2015 |
FOR |
A & B HOMES LTD |
A & B HOMES LTD (REGISTERED NUMBER: 01680522) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2015 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 4 |
Chartered Accountants' Report | 7 |
A & B HOMES LTD |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2015 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
A & B HOMES LTD (REGISTERED NUMBER: 01680522) |
ABBREVIATED BALANCE SHEET |
31 MARCH 2015 |
2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
Investments | 3 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Profit and loss account |
SHAREHOLDERS' FUNDS |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
A & B HOMES LTD (REGISTERED NUMBER: 01680522) |
ABBREVIATED BALANCE SHEET - continued |
31 MARCH 2015 |
The financial statements were approved by the Board of Directors on its behalf by: |
A & B HOMES LTD (REGISTERED NUMBER: 01680522) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2015 |
1. | ACCOUNTING POLICIES |
Accounting convention |
The financial statements have been prepared under the historical cost convention. |
Financial reporting standard number 1 |
Exemption has been taken from preparing a cash flow statement on the grounds that the company |
qualifies as a small company. |
Turnover |
Turnover represents work done during the year, exclusive of Value Added Tax. |
In respect of long-term contracts and contracts for on-going services, turnover represents the value of |
work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term |
contracts and contracts for on-going services is recognised by reference to the stage of completion. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis |
over the period of the lease. |
A & B HOMES LTD (REGISTERED NUMBER: 01680522) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 MARCH 2015 |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2014 |
and 31 March 2015 |
DEPRECIATION |
At 1 April 2014 |
Charge for year |
At 31 March 2015 |
NET BOOK VALUE |
At 31 March 2015 |
At 31 March 2014 |
3. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
At 1 April 2014 |
and 31 March 2015 | 2 |
NET BOOK VALUE |
At 31 March 2015 |
At 31 March 2014 |
A & B HOMES LTD (REGISTERED NUMBER: 01680522) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 MARCH 2015 |
3. | FIXED ASSET INVESTMENTS - continued |
The company's investments at the Balance Sheet date in the share capital of companies include the |
following: |
Associated company |
Nature of business: |
% |
Class of shares: | holding |
Ordinary | 28.57 |
2015 | 2014 |
£ | £ |
Aggregate capital and reserves | 1,607,148 | 1,047,482 |
Profit for the year | 746,236 | 434,675 |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
Ordinary | £1 |
Ordinary A | £1 |
Ordinary B | £1 |
Ordinary C | £1 |
404,250 | 404,250 |
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
A & B HOMES LTD |
The following reproduces the text of the report prepared for the directors in respect of the company's |
annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on |
pages two to six) have been prepared. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your |
approval the financial statements of A & B Homes Ltd for the year ended 31 March 2015 which comprise |
the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records |
and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
This report is made solely to the Board of Directors of A & B Homes Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A & B Homes Ltd and state those matters that we have agreed to state to the Board of Directors of A & B Homes Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that A & B Homes Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A & B Homes Ltd. You consider that A & B Homes Ltd is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of A & B Homes |
Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or |
information and explanations you have given to us and we do not, therefore, express any opinion on the |
statutory financial statements. |
14 October 2015 |