H & H Prestige Homes Limited - Period Ending 2015-03-31

 
 
 
 
 
 
 
  H & H Prestige Homes Limited
 
  Unaudited Abbreviated Accounts
  Year Ended 31 March 2015
 
  Company Registration Number: 04700913

H & H Prestige Homes Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

H & H Prestige Homes Limited
Abbreviated Balance Sheet
31 March 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			31,682			19,610
Current assets
Stocks					980,680			1,204,310
Debtors					5,341			5,672
Cash at bank and in hand					270,274			47,961
					1,256,295			1,257,943
Creditors: Amounts falling due within one year					(138,898)			(335,914)
Net current assets					1,117,397			922,029
Total assets less current liabilities					1,149,079			941,639
Provisions for liabilities					(6,300)			(4,000)
Net assets					1,142,779			937,639
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					1,142,679			937,539
Shareholders' funds					1,142,779			937,639

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

H & H Prestige Homes Limited
Abbreviated Balance Sheet
31 March 2015 ......... continued

For the year ending 31 March 2015 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 13 October 2015 and signed on its behalf by:

Mr N M H Headon
Director

Mrs C Headon
Company secretary and director

Company Registration Number: 04700913

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

H & H Prestige Homes Limited
Notes to the Abbreviated Accounts
Year Ended 31 March 2015 ......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 the fair value of consideration receivable, excluding Value Added Tax, in the ordinary course of business for goods and services provided. Turnover is recognised on completion.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Asset class	Depreciation method and rate
Plant & Machinery	15% reducing balance
Motor Vehicles	20% straight line

Work in progress

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

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.

Page 3

H & H Prestige Homes Limited
Notes to the Abbreviated Accounts
Year Ended 31 March 2015 ......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2014		42,177			42,177
Additions		25,132			25,132
Disposals		(20,172)			(20,172)
At 31 March 2015		47,137			47,137
Depreciation
At 1 April 2014		22,567			22,567
Charge for the year		4,989			4,989
Eliminated on disposals		(12,101)			(12,101)
At 31 March 2015		15,455			15,455
Net book value
At 31 March 2015		31,682			31,682
At 31 March 2014		19,610			19,610

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary Shares of £1 each		100			100			100			100

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