HAWKSTONE_BUILDERS_LTD - Accounts


Company Registration No. 07129672 (England and Wales)
HAWKSTONE BUILDERS LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
HAWKSTONE BUILDERS LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
HAWKSTONE BUILDERS LTD
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
33,108
21,433
Current assets
Debtors
70,743
98,645
Cash at bank and in hand
26,486
5,863
97,229
104,508
Creditors: amounts falling due within one year
(106,380)
(120,681)
Net current liabilities
(9,151)
(16,173)
Total assets less current liabilities
23,957
5,260
Creditors: amounts falling due after more than one year
(19,332)
(5,763)
4,625
(503)
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
4,623
(505)
Shareholders'  funds
4,625
(503)
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 22 September 2016
Mr Raymond Watkins
Director
Company Registration No. 07129672
HAWKSTONE BUILDERS LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
Accounting policies
1.1
Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
25% reducing balance
Computer equipment
33% straight line
Fixtures, fittings & equipment
25% reducing balance
Motor vehicles
25% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015
57,480
Additions
22,203
Disposals
(9,594)
At 31 March 2016
70,089
Depreciation
At 1 April 2015
36,047
On disposals
(6,999)
Charge for the year
7,933
At 31 March 2016
36,981
Net book value
At 31 March 2016
33,108
At 31 March 2015
21,433
HAWKSTONE BUILDERS LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary Shares of £1 each
2
2
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