Abbreviated Company Accounts - HARGRAVE TIMBER LIMITED

Abbreviated Company Accounts - HARGRAVE TIMBER LIMITED


Registered Number 04004113

HARGRAVE TIMBER LIMITED

Abbreviated Accounts

30 June 2015

HARGRAVE TIMBER LIMITED Registered Number 04004113

Abbreviated Balance Sheet as at 30 June 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 1,558 217
1,558 217
Current assets
Debtors 116,479 201,237
Cash at bank and in hand 35,991 36,588
152,470 237,825
Creditors: amounts falling due within one year (52,940) (158,717)
Net current assets (liabilities) 99,530 79,108
Total assets less current liabilities 101,088 79,325
Total net assets (liabilities) 101,088 79,325
Capital and reserves
Called up share capital 3 1,500,000 1,500,000
Profit and loss account (1,398,912) (1,420,675)
Shareholders' funds 101,088 79,325
  • For the year ending 30 June 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 29 February 2016

And signed on their behalf by:
N R Good, Director

HARGRAVE TIMBER LIMITED Registered Number 04004113

Notes to the Abbreviated Accounts for the period ended 30 June 2015

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 total invoice value of sales made during the year.

Tangible assets depreciation policy
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:

Fixtures & fittings - 15% reducing balance
Equipment – 15% reducing balance

2Tangible fixed assets
£
Cost
At 1 July 2014 15,346
Additions 1,706
Disposals -
Revaluations -
Transfers -
At 30 June 2015 17,052
Depreciation
At 1 July 2014 15,129
Charge for the year 365
On disposals -
At 30 June 2015 15,494
Net book values
At 30 June 2015 1,558
At 30 June 2014 217
3Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
100,000A Ordinary shares of £1 each 100,000 100,000
1,400,000B Ordinary shares of £1 each 1,400,000 1,400,000