GF & RG Hoddinott Limited - Period Ending 2014-03-31

Registration number: 03732623

GF & RG Hoddinott Limited
 
  Unaudited Abbreviated Accounts
 
  for the year ended 31 March 2014
 

GF & RG Hoddinott Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

GF & RG Hoddinott Limited
(Registration number: 03732623)
Abbreviated Balance Sheet at 31 March 2014

		Note			2014						2013
	£			£			£			£
Fixed assets
Tangible fixed assets								46,735						55,001
Current assets
Stocks					17,250						7,558
Debtors					6,330						3,109
Cash at bank and in hand					18,784						29,312
					42,364						39,979
Creditors: Amounts falling due within one year					(16,189)						(13,966)
Net current assets								26,175						26,013
Total assets less current liabilities								72,910						81,014
Provisions for liabilities								(8,820)						(10,372)
Net assets								64,090						70,642
Capital and reserves
Called up share capital		3			100						100
Profit and loss account					63,990						70,542
Shareholders' funds								64,090						70,642

Page 1

GF & RG Hoddinott Limited
(Registration number: 03732623)
Abbreviated Balance Sheet at 31 March 2014

For the year ended 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 director acknowledges his 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 director on 23 December 2014

.........................................
Mr R G Hoddinott
Director

Page 2

GF & RG Hoddinott Limited
Notes to the Abbreviated Accounts for the year Ended 31 March 2014

1	Accounting policies

Basis of preparation

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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Covered yard, barns and buildings	15% reducing balance
Implements, tractors and trailers	15% reducing balance
Milking equipment	20% reducing balance
Furniture and equipment	15% reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Page 3

GF & RG Hoddinott Limited
Notes to the Abbreviated Accounts for the year Ended 31 March 2014

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2013		161,259			161,259
At 31 March 2014		161,259			161,259
Depreciation
At 1 April 2013		106,258			106,258
Charge for the year		8,266			8,266
At 31 March 2014		114,524			114,524
Net book value
At 31 March 2014		46,735			46,735
At 31 March 2013		55,001			55,001

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
100 Ordinary shares of £1 each of £1 each		100			100			100			100

Page 4