Hatch Green Garage Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04742796 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST MAY 2014

FOR

HATCH GREEN GARAGE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

N G Hutt

M E Chart

SECRETARY:

N G Hutt

REGISTERED OFFICE:

Hatch Green Garage

Hatch Beauchamp

Taunton

Somerset

TA3 6TN

REGISTERED NUMBER:

04742796 (England and Wales)

ACCOUNTANTS:

Aspen Waite Limited

Chartered Accountants

Rubis House

15 Friarn Street

Bridgwater

Somerset

TA6 3LH

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

358,366

286,472

358,366

286,472

CURRENT ASSETS

Stocks

12,948

3,825

Debtors

247,254

229,741

Cash at bank

25,180

4,312

285,382

237,878

CREDITORS

Amounts falling due within one year

4

(164,736

)

(194,568

)

NET CURRENT ASSETS

120,646

43,310

TOTAL ASSETS LESS CURRENT LIABILITIES

479,012

329,782

CREDITORS

Amounts falling due after more than one year

4

(210,861

)

(175,165

)

PROVISIONS FOR LIABILITIES

(38,733

)

(17,249

)

NET ASSETS

229,418

137,368

CAPITAL AND RESERVES

Called up share capital

5

2

2

Profit and loss account

229,416

137,366

SHAREHOLDERS' FUNDS

229,418

137,368

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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 4th November 2014 and were signed on its behalf by:

N G Hutt - 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 the total invoice value, excluding value added tax, of sales made during the year and derives

from the provision of goods and services falling withing the company's ordinary activities.

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 5 years,

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on cost

Motor vehicles

-

Straight line over expected useful life

Computer and office equipment

-

25% on cost

Stock

Stock is valued at the lower of cost and net realisable value.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st June 2013

and 31st May 2014

100,000

AMORTISATION

At 1st June 2013

and 31st May 2014

100,000

NET BOOK VALUE

At 31st May 2014

-

At 31st May 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st June 2013

438,995

Additions

122,600

Disposals

(6,995

)

At 31st May 2014

554,600

DEPRECIATION

At 1st June 2013

152,523

Charge for year

48,100

Eliminated on disposal

(4,389

)

At 31st May 2014

196,234

NET BOOK VALUE

At 31st May 2014

358,366

At 31st May 2013

286,472

4.

CREDITORS

Creditors include an amount of £ 270,317 (2013 - £ 267,305 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

2

6.	ULTIMATE PARENT COMPANY

The ultimate parent company is Hatch Green Coaches Limited