Hightown Building Services Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05740007 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 July 2015

for

Hightown Building Services Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTOR:

A J Jennings

SECRETARY:

Ms C M Jennings

REGISTERED OFFICE:

212 Longford Road

Cannock

West Midlands

WS11 1NE

REGISTERED NUMBER:

05740007 (England and Wales)

ACCOUNTANTS:

Tomkinson Teal Limited

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

FIXED ASSETS

Tangible assets

2

73,954

180,411

CURRENT ASSETS

Stocks

274,726

1,200

Debtors

18,361

14,259

Cash at bank and in hand

4,585

17,198

297,672

32,657

CREDITORS

Amounts falling due within one year

3

(346,500

)

(167,322

)

NET CURRENT LIABILITIES

(48,828

)

(134,665

)

TOTAL ASSETS LESS CURRENT LIABILITIES

25,126

45,746

CREDITORS

Amounts falling due after more than one year

-

(2,420

)

PROVISIONS FOR LIABILITIES

(4,116

)

(4,800

)

NET ASSETS

21,010

38,526

CAPITAL AND RESERVES

Called up share capital

4

1

1

Profit and loss account

21,009

38,525

SHAREHOLDERS' FUNDS

21,010

38,526

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 26 April 2016 and were signed by:

A J Jennings - 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, 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

-

15% on reducing balance

Computer equipment

-

25% on cost

Freehold property is valued at cost and not depreciated as, in the opinion of the director, the market value will

continue to be in excess of cost. A depreciation charge would not be material as the property has a long

remaining useful life.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

201,395

Disposals

(102,315

)

At 31 July 2015

99,080

DEPRECIATION

At 1 August 2014

20,984

Charge for year

4,142

At 31 July 2015

25,126

NET BOOK VALUE

At 31 July 2015

73,954

At 31 July 2014

180,411

3.

CREDITORS

Creditors include an amount of £ 162,400 for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

1

Ordinary

1

1

1

5.	RELATED PARTY DISCLOSURES

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

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 Hightown Building Services Limited for the year ended 31 July 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 director of Hightown Building Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hightown Building Services Limited and state those matters that we have agreed to state to the director of Hightown Building Services Limited 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 director for our work or for this report.

It is your duty to ensure that Hightown Building Services Limited 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 loss of Hightown Building Services Limited. You consider that Hightown Building Services Limited 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 Hightown Building Services Limited. 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.

Tomkinson Teal Limited

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

26 April 2016