Hills Contractors Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03407209 (England and Wales)

Hills Contractors Limited

Abbreviated Unaudited Accounts

for the Period 1 August 2014 to 30 September 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

6

DIRECTORS:

P D Hills

Mrs S M Hills

C Hills

L Hills

A Hills

SECRETARY:

Mrs S M Hills

REGISTERED OFFICE:

Westgate One

Aldridge

Walsall

West Midlands

WS9 8EX

REGISTERED NUMBER:

03407209 (England and Wales)

ACCOUNTANTS:

Pinfields Limited

Chartered Accountants

Meryll House

57 Worcester Road

Bromsgrove

Worcestershire

B61 7DN

FIXED ASSETS

Tangible assets

2

45,031

50,602

CURRENT ASSETS

Stocks

133,373

80,105

Debtors

801,506

1,232,528

Cash at bank and in hand

88,196

2,907

1,023,075

1,315,540

CREDITORS

Amounts falling due within one year

386,241

572,577

NET CURRENT ASSETS

636,834

742,963

TOTAL ASSETS LESS CURRENT
LIABILITIES

681,865

793,565

CAPITAL AND RESERVES

Called up share capital

3

2,600

Profit and loss account

679,265

790,965

SHAREHOLDERS' FUNDS

681,865

793,565

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2015 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 7 April 2016 and were signed on its behalf by:

P D Hills - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures & equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to the profit and loss account in the period to which they relate.

Going concern basis of accounting

The accounts have been prepared on the assumption that the company is able to carry on business as a going

concern, which the directors consider appropriate having regard to the circumstances outlined in a note in the

accounts.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

330,079

Additions

12,972

At 30 September 2015

343,051

DEPRECIATION

At 1 August 2014

279,477

Charge for period

18,543

At 30 September 2015

298,020

NET BOOK VALUE

At 30 September 2015

45,031

At 31 July 2014

50,602

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.15

31.7.14

value:

£

2,500

Ordinary

£1

2,500

100

Ordinary B

£1

100

2,600

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 30 September 2015 and the

year ended 31 July 2014:

30.9.15

31.7.14

£

D Male

Balance outstanding at start of period

20

Amounts repaid

(20

)

-

Balance outstanding at end of period

-

20

C Hills

Balance outstanding at start of period

20

Amounts repaid

(20

)

-

Balance outstanding at end of period

-

20

L Hills

Balance outstanding at start of period

20

Amounts repaid

(20

)

-

Balance outstanding at end of period

-

20

A Hills

Balance outstanding at start of period

20

Amounts repaid

(20

)

-

Balance outstanding at end of period

-

20

5.	GOING CONCERN

The company will continue to receive full support from its directors. As a result the going concern basis of

accounting has been adopted.