Abbreviated Company Accounts - HERTS BUILDERS LIMITED

Abbreviated Company Accounts - HERTS BUILDERS LIMITED

HERTS BUILDERS LIMITED - Company Information

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Registered Number 07246397

HERTS BUILDERS LIMITED

Abbreviated Accounts

31 December 2015

HERTS BUILDERS LIMITED Registered Number 07246397

Abbreviated Balance Sheet as at 31 December 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 55,991 59,817
Tangible assets 3 10,481 13,975
66,472 73,792
Current assets
Stocks 62,450 127,000
Debtors 112,559 202,116
Cash at bank and in hand 74,476 -
249,485 329,116
Creditors: amounts falling due within one year (50,010) (311,090)
Net current assets (liabilities) 199,475 18,026
Total assets less current liabilities 265,947 91,818
Creditors: amounts falling due after more than one year (162,211) -
Total net assets (liabilities) 103,736 91,818
Capital and reserves
Called up share capital 100 100
Profit and loss account 103,636 91,718
Shareholders' funds 103,736 91,818
  • For the year ending 31 December 2015 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 22 June 2016

And signed on their behalf by:
Mr Stephen Meakes, Director
Mr Michael Bradshaw, Director

HERTS BUILDERS LIMITED Registered Number 07246397

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Plant & Machinery - 25% reducing balance basis
Motor Vehicles - 25% reducing balance basis
Office Equipment - 25% reducing balance basis

Intangible assets amortisation policy
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Goodwill - Straight line basis over 20 years

2Intangible fixed assets
£
Cost
At 1 January 2015 74,507
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2015 74,507
Amortisation
At 1 January 2015 14,690
Charge for the year 3,826
On disposals -
At 31 December 2015 18,516
Net book values
At 31 December 2015 55,991
At 31 December 2014 59,817
3Tangible fixed assets
£
Cost
At 1 January 2015 28,654
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2015 28,654
Depreciation
At 1 January 2015 14,679
Charge for the year 3,494
On disposals -
At 31 December 2015 18,173
Net book values
At 31 December 2015 10,481
At 31 December 2014 13,975