High Tensile Bolts Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 00920109

Abbreviated Unaudited Accounts for the Year Ended 31 October 2015

for

High Tensile Bolts Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs S R Goddard

Mrs T L Morrissey

Mr A Weedon

SECRETARY:

Mrs S M Emms

REGISTERED OFFICE:

New Midland Works

Heath Road

Darlaston

West Midlands

WS10 8XE

REGISTERED NUMBER:

00920109

ACCOUNTANTS:

Methven Accountancy Services Limited

76 Waltham Way

Chingford

London

E4 8HE

FIXED ASSETS

Tangible assets

2

150,479

152,852

CURRENT ASSETS

Stocks

256,820

238,640

Debtors

756,611

743,373

Cash at bank

1,383,938

1,083,445

2,397,369

2,065,458

CREDITORS

Amounts falling due within one year

480,140

188,279

NET CURRENT ASSETS

1,917,229

1,877,179

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,067,708

2,030,031

PROVISIONS FOR LIABILITIES

11,826

11,002

NET ASSETS

2,055,882

2,019,029

CAPITAL AND RESERVES

Called up share capital

3

2,000

Revaluation reserve

63,882

Profit and loss account

1,990,000

1,953,147

SHAREHOLDERS' FUNDS

2,055,882

2,019,029

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

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

The directors acknowledge their 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 Board of Directors on 15 July 2016 and were signed on its
behalf by:

Mrs T L Morrissey - 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 January 2015).

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.

Freehold property

-

2% on cost

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

545,573

Additions

12,295

Disposals

(14,500

)

At 31 October 2015

543,368

DEPRECIATION

At 1 November 2014

392,721

Charge for year

13,579

Eliminated on disposal

(13,411

)

At 31 October 2015

392,889

NET BOOK VALUE

At 31 October 2015

150,479

At 31 October 2014

152,852

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.15

31.10.14

value:

£

2

Ordinary

£1

2,000