Company Registration No. 4538952 (England and Wales)
A R HAYES LOAD N ROAD LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
A R HAYES LOAD N ROAD LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
A R HAYES LOAD N ROAD LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
19,498
25,998
Current assets
Debtors
8,826
8,936
Cash at bank and in hand
10,271
13,242
19,097
22,178
Creditors: amounts falling due within one year
(7,258)
(7,591)
Net current assets
11,839
14,587
Total assets less current liabilities
31,337
40,585
Provisions for liabilities
(2,900)
(4,200)
28,437
36,385
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
28,337
36,285
Shareholders' funds
28,437
36,385
For the financial year ended 31 December 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 1 April 2016
Mr A R Hayes
Director
Company Registration No. 4538952
A R HAYES LOAD N ROAD LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 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 January 2015).
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 sale of services, excluding value added tax.
sale of services, excluding value added tax.
1.4
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.
1.5
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:
Computer equipment
50% on cost
Motor vehicles
25% on reducing balance
1.6
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 January 2015 & at 31 December 2015
5,000
67,070
72,070
Depreciation
At 1 January 2015
5,000
41,072
46,072
Charge for the year
-
6,500
6,500
At 31 December 2015
5,000
47,572
52,572
Net book value
At 31 December 2015
-
19,498
19,498
At 31 December 2014
-
25,998
25,998
A R HAYES LOAD N ROAD LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100