| Atwal Homes Limited |
| Registered number: |
04417596 |
| Abbreviated Balance Sheet |
| as at 31 March 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
74 |
|
|
99 |
|
| Current assets |
| Stocks |
|
|
- |
|
|
195,218 |
| Debtors |
|
|
12,449 |
|
|
9,995 |
| Cash at bank and in hand |
|
|
811 |
|
|
2,423 |
|
|
|
13,260 |
|
|
207,636 |
|
| Creditors: amounts falling due within one year |
|
|
(59,211) |
|
|
(270,665) |
|
| Net current liabilities |
|
|
|
(45,951) |
|
|
(63,029) |
|
| Net liabilities |
|
|
|
(45,877) |
|
|
(62,930) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
(45,977) |
|
|
(63,030) |
|
| Shareholders' funds |
|
|
|
(45,877) |
|
|
(62,930) |
|
|
|
|
|
|
|
|
| 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. |
| The 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 BS Purewal |
| Director |
| Approved by the board on 22 December 2015 |
|
| Atwal Homes 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 January 2015). |
|
|
Turnover |
|
Turnover represents the value of work conducting in the year invoiced on receivable basis. Turnover also includes any gross rent and service charges receivable based on the occupation for the period to which it relates. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
25% reducing balance |
|
0 |
|
|
0 |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock, where the net realisable value is less than cost. |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
Pensions |
|
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2014 |
2,000 |
|
At 31 March 2015 |
2,000 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2014 |
1,901 |
|
Charge for the year |
25 |
|
At 31 March 2015 |
1,926 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2015 |
74 |
|
At 31 March 2014 |
99 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
