David Horn Communications Limited - Limited company - abbreviated

REGISTERED NUMBER: 01916932 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2014

FOR

DAVID HORN COMMUNICATIONS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr D Horn

Mrs M J Horn

Mr J D Horn

Mr S R Horn

SECRETARY:

Mrs M J Horn

REGISTERED OFFICE:

22 Ringwood Road

Luton

Bedfordshire

LU2 7BG

REGISTERED NUMBER:

01916932 (England and Wales)

ACCOUNTANTS:

Foxley Kingham

Chartered Accountants

Prospero House

46-48 Rothesay Road

Luton

Bedfordshire

LU1 1QZ

FIXED ASSETS

Tangible assets

2

39,231

41,508

Investments

3

42,000

81,231

83,508

CURRENT ASSETS

Stocks

326,451

368,216

Debtors

431,437

382,316

Cash at bank and in hand

976,217

965,661

1,734,105

1,716,193

CREDITORS

Amounts falling due within one year

756,271

776,767

NET CURRENT ASSETS

977,834

939,426

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,059,065

1,022,934

PROVISIONS FOR LIABILITIES

5,691

-

NET ASSETS

1,053,374

1,022,934

CAPITAL AND RESERVES

Called up share capital

4

1,100

Profit and loss account

1,052,274

1,021,834

SHAREHOLDERS' FUNDS

1,053,374

1,022,934

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 23 December 2014 and were signed on its behalf
by:

Mr D Horn - 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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

424,868

Additions

8,848

At 30 June 2014

433,716

DEPRECIATION

At 1 July 2013

383,360

Charge for year

11,125

At 30 June 2014

394,485

NET BOOK VALUE

At 30 June 2014

39,231

At 30 June 2013

41,508

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 July 2013

and 30 June 2014

42,000

NET BOOK VALUE

At 30 June 2014

42,000

At 30 June 2013

42,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

1,000

Ordinary

£1

1,000

100

Ordinary 'A'

£1

100

1,100

The ordinary 'A' shares hold no voting rights, but in all other aspects rank pari passu with the ordinary shares of

the company.

5.	RELATED PARTY DISCLOSURES

During the year, total dividends of £168,000 (2013 - £130,000) were paid to the directors .

Mr D Horn

Director and shareholder

The following loans are interest free loan with no fixed date of repayment.

2014

2013

£

Amount due to related party at the balance sheet date

300

14

Mrs M J Horn

Director and shareholder

2014

2013

£

Amount due to related party at the balance sheet date

300

13

Mr J D Horn

Director and shareholder

2014

2013

£

Amount due to related party at the balance sheet date

299

13

Mr S R Horn

Director and shareholder

2014

2013

£

Amount due to related party at the balance sheet date

300

13

David Horn Communications Limited - Limited company - abbreviated - 11.6

David Horn Communications Limited - Limited company - abbreviated - 11.6