Abbreviated Company Accounts - HOLDENGAIN LTD

08088319 HOLDENGAIN LTD 2014-05-31 false 2013-06-01 2014-05-31 true 08088319 2013-06-01 2014-05-31 08088319 2014-05-31 08088319 2013-05-31 08088319 uk-gaap-cd-bus:Director1 2013-06-01 2014-05-31 08088319 uk-gaap-cd-bus:Director2 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-31 iso4217:GBP shares

Registered Number 08088319

HOLDENGAIN LTD

Abbreviated Accounts

31 May 2014

HOLDENGAIN LTD Registered Number 08088319

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Called up share capital not paid		-	-
Fixed assets
Tangible assets	2	21,979	4,416
		21,979	4,416
Current assets
Debtors		-	559
Cash at bank and in hand		42,057	9,478
		42,057	10,037
Creditors: amounts falling due within one year		(33,546)	(13,940)
Net current assets (liabilities)		8,511	(3,903)
Total assets less current liabilities		30,490	513
Creditors: amounts falling due after more than one year		(15,009)	-
Total net assets (liabilities)		15,481	513
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		15,381	413
Shareholders' funds		15,481	513

For the year ending 31 May 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 directors acknowledge their 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 Board on 18 December 2014

And signed on their behalf by:
Lesley Hurst, Director

HOLDENGAIN LTD Registered Number 08088319

Notes to the Abbreviated Accounts for the period ended 31 May 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Equipment 15% reducing balance
Motor vehicles 25% reducing balance

Other accounting policies
Leasing and hire purchase commitments
"Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term."

2Tangible fixed assets

	£
Cost
At 1 June 2013	5,195
Additions	24,300
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	29,495
Depreciation
At 1 June 2013	779
Charge for the year	6,737
On disposals	-
At 31 May 2014	7,516
Net book values
At 31 May 2014	21,979
At 31 May 2013	4,416

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100