Henderson Fabrications UK Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04820939 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 November 2015

for

Henderson Fabrications UK Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

7

DIRECTORS:

Mr S O'Looney

Mr A R Lantsbury

Mr B C Davy

SECRETARY:

Mrs S M Revitt

REGISTERED OFFICE:

Kings Park

Moulton Park

Northampton

Northamptonshire

NN3 6LL

REGISTERED NUMBER:

04820939 (England and Wales)

ACCOUNTANTS:

Michael J. Emery & Co Limited

Chartered Accountants

22 St John Street

Newport Pagnell

Buckinghamshire

MK16 8HJ

FIXED ASSETS

Intangible assets

2

200,000

225,000

Tangible assets

3

223,932

214,310

423,932

439,310

CURRENT ASSETS

Stocks

25,000

27,500

Debtors

726,611

679,567

Cash at bank and in hand

1,183,893

1,173,211

1,935,504

1,880,278

CREDITORS

Amounts falling due within one year

871,029

960,490

NET CURRENT ASSETS

1,064,475

919,788

TOTAL ASSETS LESS CURRENT LIABILITIES

1,488,407

1,359,098

CREDITORS

Amounts falling due after more than one year

(33,778

)

(17,378

)

PROVISIONS FOR LIABILITIES

(26,775

)

(21,811

)

NET ASSETS

1,427,854

1,319,909

CAPITAL AND RESERVES

Called up share capital

4

200

200

Profit and loss account

1,427,654

1,319,709

SHAREHOLDERS' FUNDS

1,427,854

1,319,909

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 13 June 2016 and were signed on its behalf by:

Mr S O'Looney - 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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, adjusted for work in progress,

partially completed, at selling price.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Long leasehold

-

10% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

and 30 November 2015

500,000

AMORTISATION

At 1 December 2014

275,000

Amortisation for year

25,000

At 30 November 2015

300,000

NET BOOK VALUE

At 30 November 2015

200,000

At 30 November 2014

225,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

756,710

Additions

75,789

At 30 November 2015

832,499

DEPRECIATION

At 1 December 2014

542,400

Charge for year

66,167

At 30 November 2015

608,567

NET BOOK VALUE

At 30 November 2015

223,932

At 30 November 2014

214,310

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.15

30.11.14

value:

£

£

200

Ordinary

£1

200

200

5.	ULTIMATE PARENT COMPANY

6.	RELATED PARTY DISCLOSURES

Henderson Holdings UK Limited

The holding company.

The company was charged £180,000 (2014: £180,000) during the year by its parent company Henderson

Holdings UK Limited in respect of the provision of management services. During the year £60,000 (2014:

£60,000) was charged from Henderson Holdings UK Limited for rent. The company has paid a dividend to

Henderson Holdings Limited of £500,000 (2014 - £500,000) during the year.

30.11.15

30.11.14

£

£

Amount due to related party at the balance sheet date

415,550

444,326

Spectrum Powder Coaters Limited

A company in which Mr B Davy and Mr S O'Looney are directors.

30.11.15

30.11.14

£

£

Amount due from related party at the balance sheet date

31,149

-

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to six) have

been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2015 set out on pages three to eleven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Michael J. Emery & Co Limited

Chartered Accountants

22 St John Street

Newport Pagnell

Buckinghamshire

MK16 8HJ

Date: .............................................