BEAVER_HOMES_(MANSFIELD)_ - Accounts

BEAVER HOMES (MANSFIELD) LIMITED - Company Information

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Company Registration No. 04279653 (England and Wales)

BEAVER HOMES (MANSFIELD) LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2014

BEAVER HOMES (MANSFIELD) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

BEAVER HOMES (MANSFIELD) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JANUARY 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

2,467

2,914

Current assets

Stocks

401,760

466,473

Debtors

25,224

35,956

Cash at bank and in hand

4,550

61,008

431,534

563,437

Creditors: amounts falling due within one year

(14,939)

(162,253)

Net current assets

416,595

401,184

Total assets less current liabilities

419,062

404,098

Capital and reserves

Called up share capital

Profit and loss account

419,060

404,096

Shareholders' funds

419,062

404,098

For the financial year ended 31 January 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

The director acknowledges his 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 29 October 2014

Mr A H Ripley

Director

Company Registration No. 04279653

BEAVER HOMES (MANSFIELD) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2014

- 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 April 2008).

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:

Plant and machinery

25% reducing balance

Fixtures, fittings & equipment

3 years straight line

Motor vehicles

25% reducing balance

1.5

Stock and work in progress

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

1.6

Revenue recognition

Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of work performed. Revenue not billed to clients is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.

BEAVER HOMES (MANSFIELD) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JANUARY 2014

- 3 -

Fixed assets

Tangible assets

Cost

At 1 February 2013

15,180

Additions

355

At 31 January 2014

15,535

Depreciation

At 1 February 2013

12,266

Charge for the year

802

At 31 January 2014

13,068

Net book value

At 31 January 2014

2,467

At 31 January 2013

2,914

Share capital

2014

2013

Allotted, called up and fully paid

2 Ordinary of £1 each