CGH Fabrications Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 06392914 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2014

for

CGH Fabrications Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

C G Hale

Mrs A D Hale

SECRETARY:

C G Hale

REGISTERED OFFICE:

Unit Z

Hamstead Industrial Estate, Austin Way

Great Barr

Birmingham

West Midlands

B42 1DU

REGISTERED NUMBER:

06392914 (England and Wales)

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

27,876

33,599

27,876

33,599

CURRENT ASSETS

Stocks

4,000

3,500

Debtors

63,687

94,243

Cash at bank and in hand

87,210

57,484

154,897

155,227

CREDITORS

Amounts falling due within one year

4

67,571

86,371

NET CURRENT ASSETS

87,326

68,856

TOTAL ASSETS LESS CURRENT LIABILITIES

115,202

102,455

CREDITORS

Amounts falling due after more than one year

4

(9,584

)

(19,167

)

PROVISIONS FOR LIABILITIES

(5,575

)

(6,524

)

NET ASSETS

100,043

76,764

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

99,943

76,664

SHAREHOLDERS' FUNDS

100,043

76,764

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 30 July 2014 and were signed on its behalf by:

C G Hale - 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 net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of five 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 reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

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.

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 1 April 2013

138,000

Disposals

(138,000

)

At 31 March 2014

-

AMORTISATION

At 1 April 2013

138,000

Eliminated on disposal

(138,000

)

At 31 March 2014

-

NET BOOK VALUE

At 31 March 2014

-

At 31 March 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

36,900

Additions

3,000

At 31 March 2014

39,900

DEPRECIATION

At 1 April 2013

3,301

Charge for year

8,723

At 31 March 2014

12,024

NET BOOK VALUE

At 31 March 2014

27,876

At 31 March 2013

33,599

4.

CREDITORS

Creditors include an amount of £ 19,167 (31.3.13 - £ 28,750 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

100

Ordinary

£1

100

100

6.	ULTIMATE PARENT COMPANY

CG Hale Holdings Limited is regarded by the directors as being the company's ultimate parent company.