Hanslip Asphalting Limited - Limited company - abbreviated

REGISTERED NUMBER: 02170003 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 6 APRIL 2014

FOR

HANSLIP ASPHALTING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M J Hanslip (Jnr)

Miss L L Hanslip

SECRETARY:

Miss L L Hanslip

REGISTERED OFFICE:

Monks Brook

St. Cross Business Park

Newport

Isle of Wight

PO30 5WN

REGISTERED NUMBER:

02170003 (England and Wales)

ACCOUNTANTS:

Buckleys

Chartered Accountants

Units 3 & 4 Shelley Farm

Shelley Lane

Ower

Romsey

Hampshire

SO51 6AS

FIXED ASSETS

Tangible assets

2

41,652

155,931

CURRENT ASSETS

Debtors

507,510

584,533

Cash at bank

22,326

12,412

529,836

596,945

CREDITORS

Amounts falling due within one year

23,639

80,565

NET CURRENT ASSETS

506,197

516,380

TOTAL ASSETS LESS CURRENT
LIABILITIES

547,849

672,311

PROVISIONS FOR LIABILITIES

8,651

31,029

NET ASSETS

539,198

641,282

CAPITAL AND RESERVES

Called up share capital

3

2,000

Profit and loss account

537,198

639,282

SHAREHOLDERS' FUNDS

539,198

641,282

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 6 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 6 April 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 17 December 2014 and were
signed on its behalf by:

Miss L L Hanslip - 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.

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

Motor vehicles

-

20% on reducing balance

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 7 April 2013

303,151

Additions

25,000

Disposals

(222,058

)

At 6 April 2014

106,093

DEPRECIATION

At 7 April 2013

147,220

Charge for year

4,488

Eliminated on disposal

(87,267

)

At 6 April 2014

64,441

NET BOOK VALUE

At 6 April 2014

41,652

At 6 April 2013

155,931

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

6.4.14

6.4.13

value:

£

1,000

Ordinary 'A'

£1

1,000

250

Ordinary 'B'

£1

250

Ordinary 'C'

£1

250

Ordinary 'D'

£1

250

Ordinary 'E'

£1

250

2,000

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the Balance sheet date, the company owed the directors £106 (2013 £270)

Hanslip Asphalting Limited - Limited company - abbreviated - 11.0.0

Hanslip Asphalting Limited - Limited company - abbreviated - 11.0.0