Heavebury Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 01412957 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

HEAVEBURY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D L Currill

Mrs B E Currill

SECRETARY:

Mrs B E Currill

REGISTERED OFFICE:

6 Langdale Court

Witney

Oxfordshire

OX28 6FG

REGISTERED NUMBER:

01412957 (England and Wales)

ACCOUNTANTS:

Bronsens

Chartered Certified Accountants

6 Langdale Court

Witney

Oxfordshire

OX28 6FG

FIXED ASSETS

Tangible assets

2

3,560

4,545

CURRENT ASSETS

Stocks

62,741

78,986

Debtors

13,532

9,360

Cash at bank

53

2,935

76,326

91,281

CREDITORS

Amounts falling due within one year

11,969

20,430

NET CURRENT ASSETS

64,357

70,851

TOTAL ASSETS LESS CURRENT LIABILITIES

67,917

75,396

CREDITORS

Amounts falling due after more than one year

229,670

236,679

NET LIABILITIES

(161,753

)

(161,283

)

CAPITAL AND RESERVES

Called up share capital

3

100,000

100,000

Profit and loss account

(261,753

)

(261,283

)

SHAREHOLDERS' FUNDS

(161,753

)

(161,283

)

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 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 31 December 2014 and were signed on its behalf by:

D L Currill - 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

-

25% on reducing balance and 15% 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

and 31 March 2014

30,805

DEPRECIATION

At 1 April 2013

26,260

Charge for year

985

At 31 March 2014

27,245

NET BOOK VALUE

At 31 March 2014

3,560

At 31 March 2013

4,545

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

100,000

Ordinary

£1

100,000

100,000