A._J._HILL_ELECTRONICS_LT - Accounts

AJHILL LIMITED - Company Information

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Company Registration No. 00976035 (England and Wales)

A. J. HILL ELECTRONICS LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

A. J. HILL ELECTRONICS LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

A. J. HILL ELECTRONICS LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

6,889

9,021

Current assets

Stocks

20,000

17,119

Debtors

153

Cash at bank and in hand

19,583

20,153

36,855

Creditors: amounts falling due within one year

(13,895)

(28,021)

Net current assets

6,258

8,834

Total assets less current liabilities

13,147

17,855

Capital and reserves

Called up share capital

100

Profit and loss account

13,047

17,755

Shareholders' funds

13,147

17,855

For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 22 December 2014

Ms Lyndsay Murray

Director

Company Registration No. 00976035

A. J. HILL ELECTRONICS LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

15% reducing balance method

Motor vehicles

25% reducing balance method

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

1.6

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 1 April 2013 & at 31 March 2014

22,438

Depreciation

At 1 April 2013

13,417

Charge for the year

2,132

At 31 March 2014

15,549

Net book value

At 31 March 2014

6,889

At 31 March 2013

9,021

A. J. HILL ELECTRONICS LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100