Abbreviated Company Accounts - HOMEGROWN TIMBER LTD

Abbreviated Company Accounts - HOMEGROWN TIMBER LTD

HOMEGROWN TIMBER LTD - Company Information

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Registered Number 07240113

HOMEGROWN TIMBER LTD

Abbreviated Accounts

31 March 2014

HOMEGROWN TIMBER LTD Registered Number 07240113

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 119,526 137,101
119,526 137,101
Current assets
Stocks 191,772 258,814
Debtors 287,534 199,769
Cash at bank and in hand 28,455 36,472
507,761 495,055
Creditors: amounts falling due within one year (566,344) (600,786)
Net current assets (liabilities) (58,583) (105,731)
Total assets less current liabilities 60,943 31,370
Total net assets (liabilities) 60,943 31,370
Capital and reserves
Called up share capital 2 2
Profit and loss account 60,941 31,368
Shareholders' funds 60,943 31,370
  • For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 22 December 2014

And signed on their behalf by:
T C Lawrance, Director

HOMEGROWN TIMBER LTD Registered Number 07240113

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

2Tangible fixed assets
£
Cost
At 1 April 2013 229,792
Additions -
Disposals (860)
Revaluations -
Transfers -
At 31 March 2014 228,932
Depreciation
At 1 April 2013 92,691
Charge for the year 17,117
On disposals (402)
At 31 March 2014 109,406
Net book values
At 31 March 2014 119,526
At 31 March 2013 137,101