Holden Timber Engineering Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 03556948 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

Holden Timber Engineering Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R M Holden

K Anderson

REGISTERED OFFICE:

Stonewall Farm

Lower Road

Hemingstone

Ipswich

Suffolk

IP6 9RT

REGISTERED NUMBER:

03556948 (England and Wales)

FIXED ASSETS

Tangible assets

2

124,420

146,666

CURRENT ASSETS

Stocks

55,870

41,250

Debtors

391,609

212,739

Cash at bank

55,083

47,927

502,562

301,916

CREDITORS

Amounts falling due within one year

375,865

251,509

NET CURRENT ASSETS

126,697

50,407

TOTAL ASSETS LESS CURRENT LIABILITIES

251,117

197,073

PROVISIONS FOR LIABILITIES

43,187

47,474

NET ASSETS

207,930

149,599

CAPITAL AND RESERVES

Called up share capital

3

18,000

20,000

Capital redemption reserve

2,000

-

Profit and loss account

187,930

129,599

SHAREHOLDERS' FUNDS

207,930

149,599

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 12 September 2014 and were signed on its behalf by:

R M Holden - Director

K Anderson - 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 the cost less estimated

residual value of each asset over its expected useful life or, if held under a finance lease, over the

lease term, whichever is the shorter:-

Plant and machinery, fixtures, fittings and equipment - 15% per annum based on cost

Motor vehicles - 25% per annum based 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 at the rate of tax expected to apply when the timing difference reverses.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

339,481

Additions

2,330

At 31 March 2014

341,811

DEPRECIATION

At 1 April 2013

192,815

Charge for year

24,576

At 31 March 2014

217,391

NET BOOK VALUE

At 31 March 2014

124,420

At 31 March 2013

146,666

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

18,000

Ordinary

£1

18,000

20,000

4.	ULTIMATE PARENT COMPANY