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Hobart Heating Limited
 

 
Unaudited Abbreviated Accounts
 
Year Ended 30 November 2015
 

 
Company Registration Number: 03837460

 

Hobart Heating Limited
Contents

Abbreviated Balance Sheet

1 to 2

Notes to the Abbreviated Accounts

3 to 4

 

Hobart Heating Limited
Abbreviated Balance Sheet
30 November 2015

   

Note

   

2015
£

   

2014
£

 

Fixed assets

 

             

Tangible fixed assets

 

2

   

11,985

   

16,251

 

Current assets

 

             

Stocks

 

   

2,000

   

2,000

 

Debtors

 

   

91,366

   

89,775

 

Cash at bank and in hand

 

   

10

   

10

 
   

   

93,376

   

91,785

 

Creditors: Amounts falling due within one year

 

   

(21,760)

   

(43,838)

 

Net current assets

 

   

71,616

   

47,947

 

Total assets less current liabilities

 

   

83,601

   

64,198

 

Creditors: Amounts falling due after more than one year

 

   

(12,861)

   

(14,578)

 

Net assets

 

   

70,740

   

49,620

 

Capital and reserves

 

             

Called up share capital

 

4

   

2

   

2

 

Profit and loss account

 

   

70,738

   

49,618

 

Shareholders' funds

 

   

70,740

   

49,620

 

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

 

Hobart Heating Limited
Abbreviated Balance Sheet
30 November 2015 ......... continued

For the year ending 30 November 2015 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 director acknowledges his 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 director on 30 August 2016

Mr J Hobart
Director


Company Registration Number: 03837460

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

 

Hobart Heating Limited
Notes to the Abbreviated Accounts
Year Ended 30 November 2015 ......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

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

Depreciation

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

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.

Hire purchase and leasing

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

 

Hobart Heating Limited
Notes to the Abbreviated Accounts
Year Ended 30 November 2015 ......... continued

2

Fixed assets

   

Tangible assets
£

   

Total
£

 

Cost

           

At 1 December 2014

 

34,850

   

34,850

 

At 30 November 2015

 

34,850

   

34,850

 

Depreciation

           

At 1 December 2014

 

18,599

   

18,599

 

Charge for the year

 

4,266

   

4,266

 

At 30 November 2015

 

22,865

   

22,865

 

Net book value

           

At 30 November 2015

 

11,985

   

11,985

 

At 30 November 2014

 

16,251

   

16,251

 

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

 

2015
£

   

2014
£

 

 

   

 

Amounts falling due within one year

 

6,119

   

10,120

 

Amounts falling due after more than one year

 

12,861

   

14,578

 

Total secured creditors

 

18,980

   

24,698

 

4

Share capital

Allotted, called up and fully paid shares

 

2015

2014

   

No.

   

£

   

No.

   

£

 

Ordinary of £1 each

 

2

   

2

   

2

   

2

 
                         

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