Holden Timber Engineering Limited - Abbreviated accounts 16.3

Holden Timber Engineering Limited - Abbreviated accounts 16.3


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REGISTERED NUMBER: 03556948















Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Holden Timber Engineering Limited

Holden Timber Engineering Limited (Registered number: 03556948)






Contents of the Abbreviated Accounts
for the Year Ended 31 March 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Holden Timber Engineering Limited

Company Information
for the Year Ended 31 March 2016







DIRECTORS: R M Holden
K Anderson





REGISTERED OFFICE: Stonewall Farm
Lower Road
Hemingstone
Ipswich
Suffolk
IP6 9RT





REGISTERED NUMBER: 03556948






Holden Timber Engineering Limited (Registered number: 03556948)

Abbreviated Balance Sheet
31 March 2016

31.3.16 31.3.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 111,025 107,274

CURRENT ASSETS
Stocks 69,599 40,218
Debtors 604,781 295,114
Cash at bank 280,844 298,412
955,224 633,744
CREDITORS
Amounts falling due within one year 451,088 388,169
NET CURRENT ASSETS 504,136 245,575
TOTAL ASSETS LESS CURRENT
LIABILITIES

615,161

352,849

PROVISIONS FOR LIABILITIES 21,710 39,890
NET ASSETS 593,451 312,959

CAPITAL AND RESERVES
Called up share capital 3 18,000 18,000
Capital redemption reserve 2,000 2,000
Profit and loss account 573,451 292,959
SHAREHOLDERS' FUNDS 593,451 312,959

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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.

Holden Timber Engineering Limited (Registered number: 03556948)

Abbreviated Balance Sheet - continued
31 March 2016


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 13 December 2016and were signed on
its behalf by:




R M Holden- Director



K Anderson- Director


Holden Timber Engineering Limited (Registered number: 03556948)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2016

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 January 2015).

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 2015 349,721
Additions 23,695
At 31 March 2016 373,416
DEPRECIATION
At 1 April 2015 242,447
Charge for year 19,944
At 31 March 2016 262,391
NET BOOK VALUE
At 31 March 2016 111,025
At 31 March 2015 107,274

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.16 31.3.15
value: £    £   
18,000 Ordinary £1 18,000 18,000

Holden Timber Engineering Limited (Registered number: 03556948)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2016

4. ULTIMATE PARENT COMPANY

The ultimate parent company is Holden Group Ltd. The ultimate controlling party of Holden Group Ltd
is Mr R M Holden.

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2016 and
31 March 2015:

31.3.16 31.3.15
£    £   
K Anderson
Balance outstanding at start of year - -
Amounts advanced (13,773 ) -
Amounts repaid - -
Balance outstanding at end of year (13,773 ) -