H & W Sellors Limited - Limited company - abbreviated - 11.6
H & W Sellors Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31st December 2013 |
| for |
| H & W Sellors Limited |
| H & W Sellors Limited (Registered number: 00657528) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31st December 2013 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 | to | 3 |
| Notes to the Abbreviated Accounts | 4 | to | 5 |
| H & W Sellors Limited |
| Company Information |
| for the Year Ended 31st December 2013 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| H & W Sellors Limited (Registered number: 00657528) |
| Abbreviated Balance Sheet |
| 31st December 2013 |
| 2013 | 2012 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) | ( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| H & W Sellors Limited (Registered number: 00657528) |
| Abbreviated Balance Sheet - continued |
| 31st December 2013 |
| The financial statements were approved by the Board of Directors on by: |
| H & W Sellors Limited (Registered number: 00657528) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31st December 2013 |
| 1. | ACCOUNTING POLICIES |
| Accounting policies |
| The principal accounting policies adopted in the preparation of the financial statements are set out below and |
| have remained unchanged from the previous year, and also have been consistently applied within the accounts. |
| Basis of preparation of financial statements |
| 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 net invoiced sales of goods, excluding value added tax. |
| Tangible fixed assets |
| Yard buildings | - |
| Plant and equipment | - |
| Office equipment | - |
| Motor vehicles | - |
| Stocks |
| Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance |
| for obsolete and slow moving items. |
| Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| 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 1st January 2013 |
| Disposals | ( |
) |
| At 31st December 2013 |
| DEPRECIATION |
| At 1st January 2013 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31st December 2013 |
| NET BOOK VALUE |
| At 31st December 2013 |
| At 31st December 2012 |
| H & W Sellors Limited (Registered number: 00657528) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31st December 2013 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2013 | 2012 |
| value: | £ | £ |
| Ordinary shares | £1 |
| 4. | SECURITY FOR LOANS TO THE COMPANY |
| The Royal Bank of Scotland plc holds the following as security for the company's loan account and overdrawn |
| current account balance of £56,285 and £33,768 respectively. ( 2012 £62,792 and |
| £31,813) A legal charge over the Old Veterinary Building , Stonebrook and the builders' yard. All these |
| properties are at Milford, Bakewell. |
| 5. | RELATED PARTY TRANSACTIONS AND GUARANTEES |
| Mr M.J. Sellors and Mrs H. Sellors, directors of the company have provided personal guarantees as security for |
| the monies borrowed from the bank. They have considered these accounts and remain willing to give their |
| support to the company. |
| The directors' loan accounts are overdrawn as follows:- |
| M.J. Sellors £27,846 ( 2012 £2,043 ) |
| H. Sellors £27,846 ( 2012 £2,042) |
| 6. | CONTROLLING INTERESTS |
| Mr M.J. Sellors and Mrs H. Sellors who are directors of the company each have title to 50% of the share capital |
| of the company. |
| 7. | GOING CONCERN |
| The company entered into a Company Voluntary Arrangement in accordance with Part 1 of the Insolvency Rules |
| 1986 on 5th January 2012 and this arrangement has continued throughout the year. |
| The company has managed to reduce losses and the directors are of the opinion that the company will trade |
| profitably in the future. |
| The directors willingly give their support to the company and to the arrangement. |
| No adjustment has been made in these accounts to reflect any future write backs of the liabilities which entered |
| the arrangement. |
| On the basis of this information the accounts have been prepared on a going concern basis. |
| 8. | BALANCE OF ASSETS DUE ON COMPANY VOLUNTARY ARRANGEMENT |
| All assets and liabilities of the company are included within the Company Voluntary Arrangement and are held |
| on trust for the benefit of the arrangement. |