Company Registration No. 08287907 (England and Wales)
HOLKHAM INNOVATIONS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
HOLKHAM INNOVATIONS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
HOLKHAM INNOVATIONS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
666,093
704,157
Current assets
Stocks
10,000
-
Debtors
36,785
14,963
Cash at bank and in hand
12,671
29,976
59,456
44,939
Creditors: amounts falling due within one year
(14,141)
(35,459)
Net current assets
45,315
9,480
Total assets less current liabilities
711,408
713,637
Capital and reserves
Called up share capital
3
763,002
763,002
Profit and loss account
(51,594)
(49,365)
Shareholders' funds
711,408
713,637
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their 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 5 December 2016
8th Earl of Leicester
Director
Company Registration No. 08287907
HOLKHAM INNOVATIONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 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 amounts receivable for the supply of heat net of VAT and trade discounts and is recognised when the supply is made.
1.4
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:
Plant and machinery
10% Straight line
Biomass boiler
4% Straight line
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015 & at 31 March 2016
755,775
Depreciation
At 1 April 2015
51,618
Charge for the year
38,064
At 31 March 2016
89,682
Net book value
At 31 March 2016
666,093
At 31 March 2015
704,157
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
381,501 ordinary shares of £2 each
763,002
763,002