W.& G.Hollis Limited - Limited company - abbreviated - 11.0.0
W.& G.Hollis Limited - Limited company - abbreviated - 11.0.0
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31ST DECEMBER 2013 |
| FOR |
| W.& G.HOLLIS LIMITED |
| W.& G.HOLLIS LIMITED (REGISTERED NUMBER: 00716436) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31ST DECEMBER 2013 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| W.& G.HOLLIS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31ST DECEMBER 2013 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| W.& G.HOLLIS LIMITED (REGISTERED NUMBER: 00716436) |
| ABBREVIATED BALANCE SHEET |
| 31ST DECEMBER 2013 |
| 2013 | 2012 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 | ( |
) | ( |
) |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
4 |
( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| ACCRUALS AND DEFERRED INCOME | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Share premium |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| W.& G.HOLLIS LIMITED (REGISTERED NUMBER: 00716436) |
| ABBREVIATED BALANCE SHEET - continued |
| 31ST DECEMBER 2013 |
| 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 financial statements were approved by the Board of Directors on behalf by: |
| W.& G.HOLLIS LIMITED (REGISTERED NUMBER: 00716436) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31ST DECEMBER 2013 |
| 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 April 2008). |
| Preparation of consolidated financial statements |
| The financial statements contain information about W.& G.Hollis Limited as an individual company and do not |
| contain consolidated financial information as the parent of a group. The company has taken the option under |
| Section 398 of the Companies Act 2006 not to prepare consolidated financial statements. |
| Turnover |
| Turnover comprises the invoiced value of goods and services supplied to third parties excluding dealer transfers |
| and Value Added Tax. |
| Tangible fixed assets |
| Freehold property | - |
| Improvements to property | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Stocks |
| Stocks and work in progress are stated at the lower of cost and net realisable value as follows:- |
| Net realisable value is based on estimated selling price after allowing for all further costs of completion and |
| disposal. |
| Where consignment stock is in substance an asset of the company, it is recognised as such in the balance sheet. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Hire purchase and leasing commitments |
| The Company acquires demonstrators and used vehicles by hire purchase arrangements. Such assets financed by |
| hire purchase agreements are included in the Balance Sheet at cost, in stock. The corresponding obligations |
| under these contracts are included as creditors. The interest element on these obligations is charged to the Profit |
| and Loss Account on a straight line basis over the life of each agreement. |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
| lease term. |
| Pension costs and other post-retirement benefits |
| The company operates two defined contribution pension schemes. Contributions payable to the company's |
| pension schemes are charged to the profit and loss account in the period to which they relate. The assets of the |
| fund are held separately from those of the company in two independently administered funds. |
| Deferred income |
| During 1996, Volkswagen waived the Dealer Support Loan provided in 1993 for the improvement of the |
| company's premises and equipment. The company has transferred the capital element of this loan into a deferred |
| income account to be released over the life of the assets concerned. |
| W.& G.HOLLIS LIMITED (REGISTERED NUMBER: 00716436) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31ST DECEMBER 2013 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st January 2013 |
| Additions |
| At 31st December 2013 |
| DEPRECIATION |
| At 1st January 2013 |
| Charge for year |
| At 31st December 2013 |
| NET BOOK VALUE |
| At 31st December 2013 |
| At 31st December 2012 |
| 3. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1st January 2013 |
| and 31st December 2013 | 2,000 |
| NET BOOK VALUE |
| At 31st December 2013 |
| At 31st December 2012 |
| The company's investments at the balance sheet date in the share capital of companies include the following: |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| £ | £ |
| Aggregate capital and reserves | 2,915 | 2,915 |
| Loans |
| £ |
| At 1st January 2013 |
| and 31st December 2013 | (2,915 | ) |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| W.& G.HOLLIS LIMITED (REGISTERED NUMBER: 00716436) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31ST DECEMBER 2013 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2013 | 2012 |
| value: | £ | £ |
| Ordinary | £0.25 |