REGISTERED NUMBER:
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ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2014 |
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HANSELL COMPOSITES LIMITED |
REGISTERED NUMBER:
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ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2014 |
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FOR |
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HANSELL COMPOSITES LIMITED |
HANSELL COMPOSITES LIMITED (REGISTERED NUMBER: 02664783) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 DECEMBER 2014 |
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Page |
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Abbreviated Balance Sheet | 1 |
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Notes to the Abbreviated Accounts | 3 |
HANSELL COMPOSITES LIMITED (REGISTERED NUMBER: 02664783) |
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ABBREVIATED BALANCE SHEET |
31 DECEMBER 2014 |
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2014 | 2013 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Capital redemption reserve |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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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. |
HANSELL COMPOSITES LIMITED (REGISTERED NUMBER: 02664783) |
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ABBREVIATED BALANCE SHEET - continued |
31 DECEMBER 2014 |
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The financial statements were approved by the Board of Directors on
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HANSELL COMPOSITES LIMITED (REGISTERED NUMBER: 02664783) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 DECEMBER 2014 |
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1. | ACCOUNTING POLICIES |
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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). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Tangible fixed assets |
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Plant and machinery | - |
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Fixtures and fittings | - |
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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. |
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Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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. |
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Capital grants |
Capital grants received are included in the provisions for liabilities and charges and written off to the profit and |
loss account over the useful life of the asset on which they are claimed. Revenue grants are credited to the profit |
and loss account against the exenditure to which they relate. |
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HANSELL COMPOSITES LIMITED (REGISTERED NUMBER: 02664783) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2014 |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 January 2014 |
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Disposals | ( |
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At 31 December 2014 |
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DEPRECIATION |
At 1 January 2014 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 December 2014 |
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NET BOOK VALUE |
At 31 December 2014 |
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At 31 December 2013 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2014 | 2013 |
value: | £ | £ |
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Ordinary | £1 |
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4. | ULTIMATE PARENT COMPANY |
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5. | RELATED PARTY DISCLOSURES |
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The ultimate controlling parties were Mr S Walton & Mr P J Hansell. |
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During the year the company made a loan to to its holding company, Fibre-lyte Limited, a company in which Mr |
P J Hansell & Mr S Walton are directors & shareholders. The balance at 1 January 2014 was £135,000 and the |
balance at 31 December 2014 was £159,976. |