HAWKSTONE_BUILDERS_LTD - Accounts


Company Registration No. 07129672 (England and Wales)
HAWKSTONE BUILDERS LTD
ABBREVIATED ACCOUNTS
For the year ended 31 MARCH 2014
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 2014
31 March 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
18,832
24,864
Current assets
Debtors
42,563
32,101
Cash at bank and in hand
6,198
24,690
48,761
56,791
Creditors: amounts falling due within one year
(109,870)
(78,522)
Net current liabilities
(61,109)
(21,731)
Total assets less current liabilities
(42,277)
3,133
Creditors: amounts falling due after more than one year
(2,475)
(3,042)
(44,752)
91
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
(44,754)
89
Shareholders' funds
(44,752)
91
For the financial year ended 31 March 2014 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 October 2014
Mr Raymond Watkins
Director
Company Registration No. 07129672
HAWKSTONE BUILDERS LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014
- 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 April 2008).
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 2013
47,538
Additions
692
At 31 March 2014
48,230
Depreciation
At 1 April 2013
22,676
Charge for the year
6,722
At 31 March 2014
29,398
Net book value
At 31 March 2014
18,832
At 31 March 2013
24,864
HAWKSTONE BUILDERS LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2014
- 3 -
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
2Ordinary Shares of £1 each
2
2
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