Accounts filed on 31-03-2016

Accounts filed on 31-03-2016

HIGHWAYS MIDLANDS LIMITED - Company Information

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HIGHWAYS MIDLANDS LIMITED

Company Registration Number:
06121891 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 April 2015

End date: 31 March 2016

HIGHWAYS MIDLANDS LIMITED

Abbreviated Balance sheet

As at 31 March 2016


Notes
2016
£
2015
£
Fixed assets
Tangible assets: 2 61,629 67,239
Total fixed assets: 61,629 67,239
Current assets
Debtors: 19,570 8,055
Cash at bank and in hand: 54,476 21,389
Total current assets: 74,046 29,444
Creditors: amounts falling due within one year: ( 68,523 ) ( 50,039 )
Net current assets (liabilities): 5,523 ( 20,595 )
Total assets less current liabilities: 67,152 46,644
Total net assets (liabilities): 67,152 46,644

The notes form part of these financial statements

HIGHWAYS MIDLANDS LIMITED

Balance sheet continued

As at 31 March 2016


Notes
2016
£
2015
£
Capital and reserves
Called up share capital: 3 2 2
Profit and loss account: 67,150 46,642
Shareholders funds: 67,152 46,644

For the year ending 31 March 2016 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.

The financial statements were approved by the Board of Directors on 19 December 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: A KEFFORD
Status: Director

The notes form part of these financial statements

HIGHWAYS MIDLANDS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities.

    Turnover policy

    Turnover is net invoiced work done, excluding value added tax.

    Tangible fixed assets depreciation policy

    Depreciation is provided so as to write off the asset over its estimated useful life at the following rates

    Vehicle 25% on reducing balance

    Equipment 15% on reducing balance

HIGHWAYS MIDLANDS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 2. Tangible assets

    Total
    Cost £
    01 April 2015: 89,127
    Additions: 0
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    31 March 2016: 89,127
    Depreciation
    01 April 2015: 21,888
    Charge for year: 5,610
    On disposals: 0
    Other adjustments: 0
    31 March 2016: 27,498
    Net book value
    31 March 2016: 61,629
    31 March 2015: 67,239

HIGHWAYS MIDLANDS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 3. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 2 1.00 2
    Preference shares: 0
    Total share capital (£): 2
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 2 1.00 2
    Preference shares: 0
    Total share capital (£): 2