Highfield Builders Contractors Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05010082 (England and Wales)

Abbreviated Unaudited Accounts For The Year Ended 31st January 2014

for

Highfield Builders Contractors Ltd

Trading as

Past Times

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

K J Gray

Mrs F Gray

SECRETARY:

Mrs F Gray

REGISTERED OFFICE:

Aston House

58 Thorpe Road

Norwich

Norfolk

NR1 1RY

REGISTERED NUMBER:

05010082 (England and Wales)

ACCOUNTANTS:

Aston Shaw Ltd

58 Thorpe Road

Norwich

Norfolk

NR1 1RY

FIXED ASSETS

Intangible assets

2

82,667

90,667

Tangible assets

3

103,374

91,389

186,041

182,056

CURRENT ASSETS

Cash at bank and in hand

4,857

12,804

CREDITORS

Amounts falling due within one year

17,719

21,365

NET CURRENT LIABILITIES

(12,862

)

(8,561

)

TOTAL ASSETS LESS CURRENT LIABILITIES

173,179

173,495

CREDITORS

Amounts falling due after more than one year

4

(181,209

)

(170,977

)

PROVISIONS FOR LIABILITIES

(7,762

)

(17,299

)

NET LIABILITIES

(15,792

)

(14,781

)

CAPITAL AND RESERVES

Called up share capital

5

2

2

Profit and loss account

(15,794

)

(14,783

)

SHAREHOLDERS' FUNDS

(15,792

)

(14,781

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 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 29th October 2014 and were signed on its behalf by:

Mrs F Gray - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are

depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Going concern

These financial statements have been prepared on the going concern basis. The Directors consider this basis to be

appropriate but have not assessed a period in excess of 12 months from the date of approving the accounts.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st February 2013

and 31st January 2014

160,000

AMORTISATION

At 1st February 2013

69,333

Amortisation for year

8,000

At 31st January 2014

77,333

NET BOOK VALUE

At 31st January 2014

82,667

At 31st January 2013

90,667

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st February 2013

205,834

Additions

29,493

Disposals

(4,000

)

At 31st January 2014

231,327

DEPRECIATION

At 1st February 2013

114,445

Charge for year

15,733

Eliminated on disposal

(2,225

)

At 31st January 2014

127,953

NET BOOK VALUE

At 31st January 2014

103,374

At 31st January 2013

91,389

4.

CREDITORS

Creditors include the following debts falling due in more than five years:

31/1/14

31/1/13

£

£

Repayable otherwise than by instalments

2,712

1,389

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/1/14

31/1/13

value:

£

£

2

Ordinary

1

2

2

6.	ULTIMATE CONTROLLING PARTY

The Directors control the company by virtue of their shareholdings for this and the preceding period.