Abbreviated Company Accounts - HORSFIELDS LTD

05054945 HORSFIELDS LTD 2014-03-31 false 2013-04-01 2014-03-31 true 05054945 2013-04-01 2014-03-31 05054945 2014-03-31 05054945 2013-03-31 05054945 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 05054945 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 05054945

HORSFIELDS LTD

Abbreviated Accounts

31 March 2014

HORSFIELDS LTD Registered Number 05054945

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	13,661	7,181
		13,661	7,181
Current assets
Debtors		23,504	37,069
Cash at bank and in hand		73,454	91,738
		96,958	128,807
Creditors: amounts falling due within one year		(46,632)	(27,831)
Net current assets (liabilities)		50,326	100,976
Total assets less current liabilities		63,987	108,157
Creditors: amounts falling due after more than one year		(11,029)	(15,532)
Total net assets (liabilities)		52,958	92,625
Capital and reserves
Called up share capital	3	1,000	1,000
Profit and loss account		51,958	91,625
Shareholders' funds		52,958	92,625

For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 18 December 2014

And signed on their behalf by:
Mr M Mistry, Director

HORSFIELDS LTD Registered Number 05054945

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax

Tangible assets depreciation policy
All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost or revaluation of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings - 5 years straight line
Equipment - 5 years straight line

An amount equal to the excess of the annual depreciation charge on revalued assets over the notional historical cost depreciation charge on those assets is transferred annually from the revaluation reserve to the profit and loss reserve

2Tangible fixed assets

	£
Cost
At 1 April 2013	17,527
Additions	10,713
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	28,240
Depreciation
At 1 April 2013	10,346
Charge for the year	4,233
On disposals	-
At 31 March 2014	14,579
Net book values
At 31 March 2014	13,661
At 31 March 2013	7,181

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1,000 Ordinary shares of £1 each	1,000	1,000