H C Joinery Limited - Period Ending 2016-03-31

Registration number: 06308681

H C Joinery Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

H C Joinery Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

H C Joinery Limited (Registration number: 06308681)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					930			1,240
Current assets
Stocks					10,954			3,403
Debtors					16,752			16,177
Cash at bank and in hand					6,735			15,833
					34,441			35,413
Creditors: Amounts falling due within one year					(27,458)			(32,806)
Net current assets					6,983			2,607
Net assets					7,913			3,847
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					7,911			3,845
Shareholders' funds					7,913			3,847

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 6 May 2016 and signed on its behalf by:

.........................................
Mr H Davis
Director

.........................................
Mr C N Andrews
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

H C Joinery Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	4 years on a straight line basis
Motor vehicles	5 years on a straight line basis

Work in progress

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

H C Joinery Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		15,346			15,346
At 31 March 2016		15,346			15,346
Depreciation
At 1 April 2015		14,106			14,106
Charge for the year		310			310
At 31 March 2016		14,416			14,416
Net book value
At 31 March 2016		930			930
At 31 March 2015		1,240			1,240

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
A ordinary of £1 each		2			2			2			2

Page 3