Hill Rae Smith Associates Limited - Limited company - abbreviated - 11.6
Hill Rae Smith Associates Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014 |
| FOR |
| HILL RAE SMITH ASSOCIATES LIMITED |
| HILL RAE SMITH ASSOCIATES LIMITED (REGISTERED NUMBER: 02104035) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| HILL RAE SMITH ASSOCIATES LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MARCH 2014 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| HILL RAE SMITH ASSOCIATES LIMITED (REGISTERED NUMBER: 02104035) |
| ABBREVIATED BALANCE SHEET |
| 31 MARCH 2014 |
| 2014 | 2013 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) |
| PROVISIONS FOR LIABILITIES |
| NET (LIABILITIES)/ASSETS | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Capital redemption reserve | ( |
) |
| Profit and loss account |
| SHAREHOLDERS' FUNDS | ( |
) |
| The director acknowledges her 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 financial statements were approved by the director on |
| HILL RAE SMITH ASSOCIATES LIMITED (REGISTERED NUMBER: 02104035) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2014 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| These financial statements have been prepared on the basis that the company will continue to be a going concern. If this |
| assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their |
| recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term |
| liabilities as current assets and liabilities. |
| 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 sales of services net of VAT. Turnover is recognised at the point the customer is entitled to |
| consideration. |
| Tangible fixed assets |
| Improvements to property | - |
| Office equipment | - |
| Computer equipment | - |
| Deferred tax |
| Deferred taxation is provided in full on timing differences which represent a liability at the balance sheet date, at rates |
| expected to apply when they crystallise based on current tax rates and law. Timing differences arise from the inclusion of |
| items of income and expenditure in taxation computations in periods different from those in which they are included in |
| financial statements. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where |
| there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted. |
| 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. |
| 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. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2013 |
| Additions |
| Disposals | ( |
) |
| At 31 March 2014 |
| DEPRECIATION |
| At 1 April 2013 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 March 2014 |
| NET BOOK VALUE |
| At 31 March 2014 |
| At 31 March 2013 |
| HILL RAE SMITH ASSOCIATES LIMITED (REGISTERED NUMBER: 02104035) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2014 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| NIL | Ordinary A | £1 |
| NIL | Ordinary B | £1 |
| Ordinary C | £1 |
| 50 | 150 |
| 4. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| During the year Mrs C Crouch increased her loan to the company. As at 31 March 2014, the company owed her £3,658 |
| (2013: £3,450). This balance represented the maximum amount outstanding during the year and the loan is interest free |
| and repayable on demand. |
| Also during the year the company issued dividends as follows; |
| J Rae Smith interim dividends £2,500. |
| Mrs D H C Rae Smith Interim dividends £2,500. |
| Mrs C Crouch Interim dividends £2,500. |
| Finally, during the year, the company paid rent amounting to £208 (2013: £861) to Mrs C Crouch as a result of utilising |
| office space within her home. |
| 5. | ACCOUNTING BASIS |
| As stated in the accounting policy note, these financial statements have been prepared on the basis that the company will |
| continue to be a going concern. As at the year end the current liabilities exceeded current assets by £6,214. |
| The validity of this basis depends upon the continued support of the company's director. The director confirms that she will |
| give the required support. |