Hobson Smith (Construction) Limited - Limited company - abbreviated - 11.6

Hobson Smith (Construction) Limited - Limited company - abbreviated - 11.6


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REGISTERED NUMBER: 02807994(England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 May 2014

for

Hobson Smith (Construction) Limited

Hobson Smith (Construction) Limited (Registered number: 02807994)






Contents of the Abbreviated Accounts
for the Year Ended 31 May 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Hobson Smith (Construction) Limited

Company Information
for the Year Ended 31 May 2014







DIRECTORS: T Hobson
A Smith





SECRETARY: T Hobson





REGISTERED OFFICE: Unit 4
Portrack Grange Close
Stockton on Tees
Cleveland
TS18 2PU





REGISTERED NUMBER: 02807994(England and Wales)





ACCOUNTANTS: G D O'Hehir & Co Ltd
Chartered Accountants & Statutory Auditors
22/23 Clyde Terrace
Spennymoor
Co. Durham
DL16 7SE

Hobson Smith (Construction) Limited (Registered number: 02807994)

Abbreviated Balance Sheet
31 May 2014

31.5.14 31.5.13
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 24,429 9,342

CURRENT ASSETS
Stocks 265,000 250,000
Debtors 186,503 121,476
Cash at bank and in hand 74,142 106
525,645 371,582
CREDITORS
Amounts falling due within one
year

477,175

307,688
NET CURRENT ASSETS 48,470 63,894
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,899

73,236

CREDITORS
Amounts falling due after more
than one year

(25,866
)
(22,050
)

PROVISIONS FOR LIABILITIES (3,007 ) -
NET ASSETS 44,026 51,186

CAPITAL AND RESERVES
Called up share capital 3 10,000 10,000
Profit and loss account 34,026 41,186
SHAREHOLDERS' FUNDS 44,026 51,186

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

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

Hobson Smith (Construction) Limited (Registered number: 02807994)

Abbreviated Balance Sheet - continued
31 May 2014


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
11 December 2014and were signed on its behalf by:





A Smith- Director


Hobson Smith (Construction) Limited (Registered number: 02807994)

Notes to the Abbreviated Accounts
for the Year Ended 31 May 2014

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 estimated useful life.


Fixtures &
Fittings

- 20% on reducing balance
Motor Vehicles- 25% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net
realisable value, after making due allowance for obsolete and slow moving
items.

Cost includes all direct expenditure and an appropriate proportion of fixed
and variable overheads.

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
Rentals paid under operating leases are charged to the profit and loss
account on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions
payable to the company's pension scheme are charged to the profit and loss
account in the period to which they relate.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 June 2013 48,577
Additions 21,986
At 31 May 2014 70,563
DEPRECIATION
At 1 June 2013 39,235
Charge for year 6,899
At 31 May 2014 46,134
NET BOOK VALUE
At 31 May 2014 24,429
At 31 May 2013 9,342

Hobson Smith (Construction) Limited (Registered number: 02807994)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 May 2014

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.14 31.5.13
value: £    £   
10,000 Ordinary Shares £1 10,000 10,000

4. GOING CONCERN REVIEW

The directors are not aware of any reason why sales should reduce
significantly next year. No material uncertainties that may cast
significant doubt on the ability of the company to continue as a going
concern have been identified. As a result they have adopted the going
concern basis of accounting.