HACKWOOD_BUILDING_SERVICE - Accounts

HACKWOOD BUILDING SERVICES LIMITED - Company Information

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Company Registration No. 03881890 (England and Wales)

HACKWOOD BUILDING SERVICES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

HACKWOOD BUILDING SERVICES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

HACKWOOD BUILDING SERVICES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

32,894

33,002

Current assets

Debtors

59,991

96,748

Cash at bank and in hand

2,938

329

62,929

97,077

Creditors: amounts falling due within one year

(70,467)

(141,824)

Net current liabilities

(7,538)

(44,747)

Total assets less current liabilities

25,356

(11,745)

Creditors: amounts falling due after more than one year

(12,317)

(14,142)

13,039

(25,887)

Capital and reserves

Called up share capital

100

Other reserves

50,000

Profit and loss account

12,939

(75,987)

Shareholders' funds

13,039

(25,887)

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

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

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 27 April 2016

B R Harvey

Director

Company Registration No. 03881890

HACKWOOD BUILDING SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% Reducing balance

Fixtures, fittings & equipment

25% Reducing balance

Motor vehicles

25% Reducing balance

Fixed assets

Tangible assets

Cost

At 1 April 2015

87,862

Additions

13,005

Disposals

(5,404)

At 31 March 2016

95,463

Depreciation

At 1 April 2015

54,860

On disposals

(4,122)

Charge for the year

11,831

At 31 March 2016

62,569

Net book value

At 31 March 2016

32,894

At 31 March 2015

33,002

HACKWOOD BUILDING SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Control

The company is controlled by B Harvey, a director.