Abbreviated Company Accounts - IAN HEARLE LIMITED
Abbreviated Company Accounts - IAN HEARLE LIMITED
Registered Number 06275559
IAN HEARLE LIMITED
Abbreviated Accounts
31 December 2013
IAN HEARLE LIMITED Registered Number 06275559
Abbreviated Balance Sheet as at 31 December 2013
Notes | 2013 | 2012 | |
---|---|---|---|
£ | £ | ||
Called up share capital not paid |
|
|
|
Fixed assets | |||
Intangible assets |
|
|
|
Tangible assets | 2 |
|
|
Investments |
|
|
|
|
|||
Current assets | |||
Stocks |
|
|
|
Debtors |
|
|
|
Investments |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Prepayments and accrued income |
|
|
|
Creditors: amounts falling due within one year |
( |
( |
|
Net current assets (liabilities) |
|
|
|
Total assets less current liabilities |
|
|
|
Creditors: amounts falling due after more than one year |
|
|
|
Provisions for liabilities |
|
|
|
Accruals and deferred income |
|
|
|
Total net assets (liabilities) |
|
|
|
Capital and reserves | |||
Called up share capital | 3 |
|
|
Share premium account |
|
|
|
Revaluation reserve |
|
|
|
Other reserves |
|
|
|
Profit and loss account |
|
|
|
Shareholders' funds |
|
|
For the year ending 31 December 2013 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
And signed on their behalf by:
IAN HEARLE LIMITED Registered Number 06275559
Notes to the Abbreviated Accounts for the period ended 31 December 2013
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible assets depreciation policy
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Other accounting policies
The financial statements have been prepared on a going concern basis. The company’s on-going activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future.
If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the shareholders prior to the balance sheet date.
£ | |
---|---|
Cost | |
At 1 January 2013 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 31 December 2013 |
|
Depreciation | |
At 1 January 2013 |
|
Charge for the year |
|
On disposals |
|
At 31 December 2013 |
|
Net book values | |
At 31 December 2013 | 7,110 |
At 31 December 2012 | 9,052 |