Accounts filed on 31-03-2016

Accounts filed on 31-03-2016

HURST PROJECTS LIMITED - Company Information

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HURST PROJECTS LIMITED

Company Registration Number:
03791435 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 April 2015

End date: 31 March 2016

HURST PROJECTS LIMITED

Abbreviated Balance sheet

As at 31 March 2016


Notes
2016
£
2015
£
Fixed assets
Tangible assets: 2 63,610 118,049
Total fixed assets: 63,610 118,049
Current assets
Cash at bank and in hand: 12,812 2,943
Total current assets: 12,812 2,943
Net current assets (liabilities): 12,812 2,943
Total assets less current liabilities: 76,422 120,992
Creditors: amounts falling due after more than one year: ( 20,894 )
Provision for liabilities: ( 18,651 )
Total net assets (liabilities): 57,771 100,098

The notes form part of these financial statements

HURST PROJECTS LIMITED

Balance sheet continued

As at 31 March 2016


Notes
2016
£
2015
£
Capital and reserves
Called up share capital: 3 100 100
Profit and loss account: 57,671 99,998
Shareholders funds: 57,771 100,098

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.

The financial statements were approved by the Board of Directors on 16 May 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: Peter Teather
Status: Director

The notes form part of these financial statements

HURST PROJECTS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the provisions applicable to companies subject to the small companies regime.

    Turnover policy

    The turnover shown in the profit and loss account represents revenue recognized by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

    Tangible fixed assets depreciation policy

    Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. Freehold buildings - 2% on cost or revalued amounts, Plant and Machinery - 15% on cost, Fixtures and fittings - 10% on cost, Motor vehicles - 25% on cost.

    Intangible fixed assets amortisation policy

    Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives, not to exceed twenty years. Impairment of tangible assets is only reviewed where circumstances indicated that the carrying value of an asset may not be fully recoverable.

    Valuation information and policy

    Stocks and work-in-progress are valued at the lower of cost and net realizable value, after making due allowance for obsolete or slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

    Other accounting policies

    Not applicable.

HURST PROJECTS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 2. Tangible assets

    Total
    Cost £
    01 April 2015: 171,500
    Additions: 0
    Disposals: ( 76,000 )
    Revaluations: 0
    Transfers: 0
    31 March 2016: 95,500
    Depreciation
    01 April 2015: 53,451
    Charge for year: 2,776
    On disposals: ( 24,337 )
    Other adjustments: 0
    31 March 2016: 31,890
    Net book value
    31 March 2016: 63,610
    31 March 2015: 118,049

HURST PROJECTS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 3. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 10 10.00 100
    Preference shares: 0 0.00 0
    Total share capital (£): 100
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 10 10.00 100
    Preference shares: 0 0.00 0
    Total share capital (£): 100