H2_GLENFERN_LIMITED - Accounts

H2GLENFERN LIMITED - Company Information

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H2 GLENFERN LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

Company Registration No. 04654893 (England and Wales)

SHELLEY STOCK HUTTER LLP

Chartered Accountants

1st Floor

7 - 10 Chandos Street

London

W1G 9DQ

H2 GLENFERN LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

H2 GLENFERN LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2013

- 1 -

2013

2012

Notes

Fixed assets

Tangible assets

32,389

23,272

Current assets

Stocks

181,886

167,800

Debtors

429,559

468,226

Cash at bank and in hand

40,045

15,408

651,490

651,434

Creditors: amounts falling due within one year

(340,218)

(325,334)

Net current assets

311,272

326,100

Total assets less current liabilities

343,661

349,372

Creditors: amounts falling due after more than one year

(159,000)

184,661

190,372

Capital and reserves

Called up share capital

181,900

Other reserves

81,262

Profit and loss account

(78,501)

(72,790)

Shareholders' funds

184,661

190,372

H2 GLENFERN LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 DECEMBER 2013

- 2 -

For the financial year ended 31 December 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The directors acknowledge their 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 14 July 2014

.....................................

T Huddart

C Anderson

Director

Company Registration No. 04654893

H2 GLENFERN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

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

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

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:

Land and buildings Leasehold

over the lease term of 31 months

Computer equipment

25% reducing balance

Fixtures, fittings & equipment

25% reducing balance

1.4

Leasing

Rent payable under operating leases are charged against income on a straight line basis over the lease term until November 2014.

1.5

Stock and work in progress

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

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

1.6

Pensions

The company contributes towards a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.7

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

H2 GLENFERN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2013

- 4 -

Fixed assets

Tangible assets

Cost

At 1 January 2013

55,767

Additions

20,982

At 31 December 2013

76,749

Depreciation

At 1 January 2013

32,495

Charge for the year

11,865

At 31 December 2013

44,360

Net book value

At 31 December 2013

32,389

At 31 December 2012

23,272

Share capital

2013

2012

Allotted, called up and fully paid

181,888 Ordinary A of £1 each

181,888

1 Ordinary B of £1

1 Ordinary C of £1

1 Ordinary D of £1

1 Ordinary E of £1

1 Ordinary F of £1

1 Ordinary G of £1

1 Ordinary H of £1

1 Ordinary I of £1

1 Ordinary J of £1

1 Ordinary K of £1

1 Ordinary L of £1

1 Ordinary M of £1

181,900