Company Registration No. 03730112 (England and Wales)
HENRY SANDERSON HOMES LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
HENRY SANDERSON HOMES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
HENRY SANDERSON HOMES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
4,092
7,200
Current assets
Debtors
108,517
249,806
Cash at bank and in hand
9,913
11,795
118,430
261,601
Creditors: amounts falling due within one year
(95,282)
(172,546)
Net current assets
23,148
89,055
Total assets less current liabilities
27,240
96,255
Creditors: amounts falling due after more than one year
(38,368)
(52,995)
(11,128)
43,260
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
(11,130)
43,258
Shareholders' funds
(11,128)
43,260
For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his 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 December 2015
Mr T S Wilson
Director
Company Registration No. 03730112
HENRY SANDERSON HOMES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 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).
No withstanding the losses arising in the year, the company will be supported by the holding company and the director as required.
On this basis, the director consider it appropriate to prepare the financial statements on the going concern basis.
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
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Patents
Patents are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.
1.6
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:
Fixtures, fittings & equipment
25% Straight Line
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 April 2014 & at 31 March 2015
13,631
16,915
30,546
Depreciation
At 1 April 2014
13,631
9,715
23,346
Charge for the year
-
3,108
3,108
At 31 March 2015
13,631
12,823
26,454
Net book value
At 31 March 2015
-
4,092
4,092
At 31 March 2014
-
7,200
7,200
HENRY SANDERSON HOMES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
2 Ordinary of £1 each
2
2
4
Transactions with directors
Mr T S Wilson has given personal guarantees in respect of funding provided to the company, £14,627 was repayable in less than one year and £38,368 was repayable after more than one year.
5
Ultimate parent company
The ultimate parent company is Henry Sanderson & Co Limited, a company registered in England and Wales.
The company is a wholly owned subsidiary of Henry Sanderson & Co Limited whose accounts will be delivered to and will be available from the Registrar off Companies, Companies House, Crown Way, Maindy, Cardiff CF14 3UZ.