Hunter Hields Gearcutting Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06850678 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 1 OCTOBER 2015 TO 31 MARCH 2017

FOR

HUNTER HIELDS GEARCUTTING LIMITED

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Tangible assets

2

21,417

27,988

CURRENT ASSETS

Stocks

6,650

6,054

Debtors

93,177

76,718

Cash at bank and in hand

3,862

51,506

103,689

134,278

CREDITORS

Amounts falling due within one year

31,182

30,142

NET CURRENT ASSETS

72,507

104,136

TOTAL ASSETS LESS CURRENT
LIABILITIES

93,924

132,124

PROVISIONS FOR LIABILITIES

-

2,479

NET ASSETS

93,924

129,645

CAPITAL AND RESERVES

Called up share capital

3

1,000

Profit and loss account

92,924

128,645

SHAREHOLDERS' FUNDS

93,924

129,645

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2017 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 22 December 2017 and were signed on its behalf
by:

C A Hields - Director

C R M Hields - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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 reducing balance

Office equipment

-

33% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

67,082

Additions

333

At 31 March 2017

67,415

DEPRECIATION

At 1 October 2015

39,094

Charge for period

6,904

At 31 March 2017

45,998

NET BOOK VALUE

At 31 March 2017

21,417

At 30 September 2015

27,988

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2015

value:

£

1,000

Ordinary

£1

1,000

4.	ULTIMATE PARENT COMPANY

The ultimate parent company is C.A. Hields (Engineers) Limited.