Abbreviated Company Accounts - HODSON DEVELOPMENTS LIMITED

Abbreviated Company Accounts - HODSON DEVELOPMENTS LIMITED

HODSON DEVELOPMENTS LIMITED - Company Information

Print Friendly Version

Registered Number 02850626

HODSON DEVELOPMENTS LIMITED

Abbreviated Accounts

30 June 2016

HODSON DEVELOPMENTS LIMITED Registered Number 02850626

Abbreviated Balance Sheet as at 30 June 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 3,581 1,787
3,581 1,787
Current assets
Stocks 6,730,270 9,165,152
Debtors 9,874,641 1,180,426
Cash at bank and in hand 64,464 128,097
16,669,375 10,473,675
Creditors: amounts falling due within one year (11,658,007) (5,461,354)
Net current assets (liabilities) 5,011,368 5,012,321
Total assets less current liabilities 5,014,949 5,014,108
Total net assets (liabilities) 5,014,949 5,014,108
Capital and reserves
Called up share capital 1,050,510 1,050,510
Profit and loss account 3,964,439 3,963,598
Shareholders' funds 5,014,949 5,014,108
  • For the year ending 30 June 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.

Approved by the Board on 24 March 2017

And signed on their behalf by:
Alan D Hodson, Director

HODSON DEVELOPMENTS LIMITED Registered Number 02850626

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents total invoice value, excluding value added tax, of land and properties sold.

Tangible assets depreciation policy
Tangible assets are stated at cost less depreciation as follows:

Office equipment - Straight line over 5 years

Other accounting policies
Stock and work in progress

Stock and work in progress is valued at lower of cost and net realisable value.

2Tangible fixed assets
£
Cost
At 1 July 2015 10,581
Additions 3,397
Disposals -
Revaluations -
Transfers -
At 30 June 2016 13,978
Depreciation
At 1 July 2015 8,794
Charge for the year 1,603
On disposals -
At 30 June 2016 10,397
Net book values
At 30 June 2016 3,581
At 30 June 2015 1,787