Hazco (UK) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03819977

HAZCO (UK) LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31ST JULY 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

P R Hathway

SECRETARIES:

P R Hathway

S L Hathway

REGISTERED OFFICE:

2 New Street

Pontnewydd

Cwmbran

Torfaen

NP44 1EE

REGISTERED NUMBER:

03819977

ACCOUNTANTS:

Green & Co

Chartered Certified Accountants

Pembroke House

Llantarnam Park Way

Cwmbran

Torfaen

NP44 3AU

FIXED ASSETS

Intangible assets

2

10,000

-

Tangible assets

3

155,604

147,585

165,604

147,585

CURRENT ASSETS

Debtors

16,591

7,447

Cash at bank and in hand

76,194

35,484

92,785

42,931

CREDITORS

Amounts falling due within one year

131,184

97,215

NET CURRENT LIABILITIES

(38,399

)

(54,284

)

TOTAL ASSETS LESS CURRENT LIABILITIES

127,205

93,301

CREDITORS

Amounts falling due after more than one year

(85,384

)

(90,583

)

PROVISIONS FOR LIABILITIES

(675

)

(210

)

NET ASSETS

41,146

2,508

CAPITAL AND RESERVES

Called up share capital

4

120

120

Profit and loss account

41,026

2,388

SHAREHOLDERS' FUNDS

41,146

2,508

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 17th November 2014 and were signed by:

P R Hathway - 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 2010, is being

amortised evenly over its estimated useful life of two years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

20% on cost

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

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

the period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st August 2013

30,000

Additions

20,000

At 31st July 2014

50,000

AMORTISATION

At 1st August 2013

30,000

Amortisation for year

10,000

At 31st July 2014

40,000

NET BOOK VALUE

At 31st July 2014

10,000

At 31st July 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st August 2013

155,897

Additions

10,815

At 31st July 2014

166,712

DEPRECIATION

At 1st August 2013

8,312

Charge for year

2,796

At 31st July 2014

11,108

NET BOOK VALUE

At 31st July 2014

155,604

At 31st July 2013

147,585

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

108

Ordinary A

£1

112

108

12

Ordinary B

£1

8

12

120

120

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES