Home Counties Master Thatchers Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04275465 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2014

for

Home Counties Master Thatchers Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Certified Accountants' Report

6

DIRECTORS:

P J Biggs

B J Biggs

REGISTERED OFFICE:

20 Teal Close

West Hunsbury

Northampton

NN4 9XF

REGISTERED NUMBER:

04275465 (England and Wales)

ACCOUNTANTS:

Robins & Co

35 St Leonards Road

Northampton

Northamptonshire

NN4 8DL

FIXED ASSETS

Intangible assets

2

4,900

5,600

Tangible assets

3

6,893

8,633

11,793

14,233

CURRENT ASSETS

Stocks

2,060

10,307

Debtors

16,353

29,592

Cash at bank and in hand

28,561

9,675

46,974

49,574

CREDITORS

Amounts falling due within one year

44,404

47,571

NET CURRENT ASSETS

2,570

2,003

TOTAL ASSETS LESS CURRENT LIABILITIES

14,363

16,236

PROVISIONS FOR LIABILITIES

-

1,727

NET ASSETS

14,363

14,509

CAPITAL AND RESERVES

Called up share capital

4

10

10

Profit and loss account

14,353

14,499

SHAREHOLDERS' FUNDS

14,363

14,509

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 30 June 2014 and were signed on its behalf by:

P J Biggs - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2001, 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.

Improvements to property

-

20% on reducing balance

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% 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

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 April 2013

and 31 March 2014

14,000

AMORTISATION

At 1 April 2013

8,400

Amortisation for year

700

At 31 March 2014

9,100

NET BOOK VALUE

At 31 March 2014

4,900

At 31 March 2013

5,600

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

45,941

DEPRECIATION

At 1 April 2013

37,308

Charge for year

1,740

At 31 March 2014

39,048

NET BOOK VALUE

At 31 March 2014

6,893

At 31 March 2013

8,633

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

10

Ordinary

£1

10

10

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 five) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of Home Counties Master Thatchers Ltd for the year ended 31 March 2014 which comprise the Profit and Loss Account,

the Balance Sheet, and the related notes from the company's accounting records and from information and explanations you have

given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other

professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the Board of Directors of Home Counties Master Thatchers Ltd, as a body, in accordance with our

terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Home Counties

Master Thatchers Ltd and state those matters that we have agreed to state to the Board of Directors of Home Counties Master

Thatchers Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants

as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume

responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Home Counties Master Thatchers Ltd has kept adequate accounting records and to prepare statutory

financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Home Counties Master

Thatchers Ltd. You consider that Home Counties Master Thatchers Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Home Counties Master Thatchers Ltd.

For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you

have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Robins & Co

35 St Leonards Road

Northampton

Northamptonshire

NN4 8DL

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