HY DEVELOPMENTS LIMITED - Abbreviated accounts

HY DEVELOPMENTS LIMITED

Abbreviated Accounts

30 November 2011

Registered number

07090106

HY DEVELOPMENTS LIMITED
Registered number:		07090106
Abbreviated Balance Sheet
as at 30 November 2011

Notes			2011			2010
£				£
Fixed assets
Tangible assets	2		530			850

Current assets
Debtors		2,400			5,041
Cash at bank and in hand		1,148			3,925
		3,548			8,966

Creditors: amounts falling due within one year		1,011			(5,494)

Net current assets			4,559			3,472

Net assets			5,089			4,322

Capital and reserves
Called up share capital	3		1			1
Profit and loss account			5,088			4,321

Shareholders' funds			5,089			4,322

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 H Yesilada
Director
Approved by the board on 17 February 2014

HY DEVELOPMENTS LIMITED
Notes to the Abbreviated Accounts
for the year ended 30 November 2011

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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Equipment			25% straight line
	Motor vehicles			20% reducing balance

	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.


2	Tangible fixed assets					£

	Cost
	At 1 December 2010					1,175
	At 30 November 2011					1,175

	Depreciation
	At 1 December 2010					325
	Charge for the year					320
	At 30 November 2011					645

	Net book value
	At 30 November 2011					530
	At 30 November 2010					850


3	Share capital	Nominal		2011		2011		2010
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		1		1		1

Nominal			Number		Amount
value			£
	Shares issued during the period:
	Ordinary shares	£1 each		1		1