HYDRAGUARD_LIMITED - Accounts

HYDRAGUARD LIMITED - Company Information

Print Friendly Version

HYDRAGUARD LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2015

COMPANY REGISTRATION NO. 04111864 (England and Wales)

HYDRAGUARD LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

HYDRAGUARD LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Current assets

Stocks

14,000

19,201

Debtors

33,332

33,694

47,332

52,895

Creditors: amounts falling due within one year

(43,881)

(51,705)

Total assets less current liabilities

3,451

1,190

3,451

1,190

Capital and reserves

Called up share capital

100

Profit and loss account

3,351

1,090

Shareholders' funds

3,451

1,190

For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 28 September 2016

Mr S J Conway

Director

Company Registration No. 04111864

HYDRAGUARD LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Motor vehicles and computer equipment

25% straight line and 33% straight line

1.5

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Stock and work in progress

Work in progress is valued at the lower of cost and net realisable value.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £23,505 (2014 - £28,429).

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

HYDRAGUARD LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 3 -

Related party relationships and transactions

Advances and credits to directors

The Directors' loan account was overdrawn during the year as follows:

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

S J & M A Conway

3.00

14,861

446

(535)

14,772

14,861

446

(535)

14,772