Registered Number 03837460

HOBART HEATING LIMITED

Abbreviated Accounts

30 November 2013

HOBART HEATING LIMITED Registered Number 03837460

Abbreviated Balance Sheet as at 30 November 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 21,979 17,564
21,979 17,564
Current assets
Stocks 3,500 3,500
Debtors 89,983 116,561
Cash at bank and in hand 993 9
94,476 120,070
Creditors: amounts falling due within one year 3 (42,410) (93,863)
Net current assets (liabilities) 52,066 26,207
Total assets less current liabilities 74,045 43,771
Creditors: amounts falling due after more than one year 3 (18,123) (14,850)
Total net assets (liabilities) 55,922 28,921
Capital and reserves
Called up share capital 4 2 2
Profit and loss account 55,920 28,919
Shareholders' funds 55,922 28,921
  • For the year ending 30 November 2013 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 29 August 2014

And signed on their behalf by:
Mr J Hobart, Director

HOBART HEATING LIMITED Registered Number 03837460

Notes to the Abbreviated Accounts for the period ended 30 November 2013

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.

Turnover policy
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class Depreciation method and rate
Plant & Machinery 20% straight line
Fixtures, Fittings & Equipment 20-25% straight line
Motor Vehicles 25% reducing balance
Equipment 25% straight line

Other accounting policies
Stock
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

2 Tangible fixed assets
£
Cost
At 1 December 2012 49,873
Additions 24,712
Disposals (39,735)
Revaluations -
Transfers -
At 30 November 2013 34,850
Depreciation
At 1 December 2012 32,309
Charge for the year 3,534
On disposals (22,972)
At 30 November 2013 12,871
Net book values
At 30 November 2013 21,979
At 30 November 2012 17,564
3 Creditors
2013
£
2012
£
Secured Debts 21,667 21,621
4 Called Up Share Capital
Allotted, called up and fully paid:
2013
£
2012
£
2 Ordinary shares of £1 each 2 2

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