Heddon Holdings Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03122200

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

HEDDON HOLDINGS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S F Turner

Mrs B M Turner

SECRETARY:

S F Turner

REGISTERED OFFICE:

Northern Road

Chilton Industrial Estate

Sudbury

Suffolk

CO10 6XD

REGISTERED NUMBER:

03122200

ACCOUNTANTS:

Seago and Stopps

Chartered Certified Accountants

61 Station Road

Sudbury

Suffolk

CO10 2SP

FIXED ASSETS

638,021

Tangible assets

2

627,859

1,000

Investments

3

1,000

639,021

628,859

CURRENT ASSETS

930

Cash at bank

977

CREDITORS

143,375

Amounts falling due within one year

188,312

(142,445

)

NET CURRENT LIABILITIES

(187,335

)

496,576

TOTAL ASSETS LESS CURRENT
LIABILITIES

441,524

CAPITAL AND RESERVES

1,000

Called up share capital

4

1,000

495,576

Profit and loss account

440,524

496,576

SHAREHOLDERS' FUNDS

441,524

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 2 August 2016 and were signed on its
behalf by:

S F Turner - 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).

Preparation of consolidated financial statements

The financial statements contain information about Heddon Holdings 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 represents net invoiced sales of services, 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

Fixtures and fittings

-

25% on reducing balance

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling

at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at

the operating result.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

763,286

DEPRECIATION

At 1 January 2015

125,265

Charge for year

10,162

At 31 December 2015

135,427

NET BOOK VALUE

At 31 December 2015

627,859

At 31 December 2014

638,021

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2015

and 31 December 2015

1,000

NET BOOK VALUE

At 31 December 2015

1,000

At 31 December 2014

1,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/15

31/12/14

value:

£

1,000

Ordinary

£1

1,000

5.	SUBSIDIARY COMPANY

Heddon Holdings Limited owns 1,000 of the 1,125 issued ordinary share capital of Turner Tool Hire

Limited. The items listed have been extracted from the financial statements of Turner Tool Hire

Limited for the year ended 31 December 2015.

2015

2014

£

Share Capital

1,125

Reserves

490,517

456,794

Profit for the year ( before group dividends )

34,723

47,788

Rental paid to parent company by subsidiary company

30,000

Management charge

10,000

The balance due at 31 December 2015 to Turner Tool Hire Limited from Heddon Holdings Limited

was £157,156 (2014 - £113,138).