Hollandwest Limited - Limited company - abbreviated

REGISTERED NUMBER: 04717205 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

HOLLANDWEST LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

B Dhariwal

SECRETARY:

REGISTERED OFFICE:

56 Virginia House

Warwick Road

Solihul

West Midlands

B92 7HX

REGISTERED NUMBER:

04717205 (England and Wales)

ACCOUNTANTS:

Hayers Accountants

Colman House

121 Livery Street

Birmingham

B3 1RS

FIXED ASSETS

Tangible assets

2

38,888

44,678

CURRENT ASSETS

Stocks

1,025,254

211,670

Debtors

359,009

474,740

Cash at bank and in hand

19,045

9,814

1,403,308

696,224

CREDITORS

Amounts falling due within one year

956,847

351,531

NET CURRENT ASSETS

446,461

344,693

TOTAL ASSETS LESS CURRENT
LIABILITIES

485,349

389,371

PROVISIONS FOR LIABILITIES

8,604

10,290

NET ASSETS

476,745

379,081

CAPITAL AND RESERVES

Called up share capital

3

4

Profit and loss account

476,741

379,077

SHAREHOLDERS' FUNDS

476,745

379,081

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 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 3 November 2014 and were signed by:

B Dhariwal - 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 etc

-

33% on cost and 20% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

73,653

Additions

4,920

At 31 March 2014

78,573

DEPRECIATION

At 1 April 2013

28,975

Charge for year

10,710

At 31 March 2014

39,685

NET BOOK VALUE

At 31 March 2014

38,888

At 31 March 2013

44,678

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

2

Ordinary

£1

2

Ordinary

£1

2

4

Hollandwest Limited - Limited company - abbreviated - 11.6

Hollandwest Limited - Limited company - abbreviated - 11.6