Registered Number 04710232

LES HEYWOOD & SON LIMITED

Abbreviated Accounts

31 March 2013

LES HEYWOOD & SON LIMITED Registered Number 04710232

Abbreviated Balance Sheet as at 31 March 2013

Notes 2013 2012
£ £
Fixed assets
Intangible assets 2 30,000 33,000
Tangible assets 3 8,166 10,579
38,166 43,579
Current assets
Stocks 10,355 14,515
Debtors 16,042 25,224
26,397 39,739
Creditors: amounts falling due within one year (50,574) (69,227)
Net current assets (liabilities) (24,177) (29,488)
Total assets less current liabilities 13,989 14,091
Creditors: amounts falling due after more than one year - (1,560)
Total net assets (liabilities) 13,989 12,531
Capital and reserves
Called up share capital 100 100
Profit and loss account 13,889 12,431
Shareholders' funds 13,989 12,531
  • For the year ending 31 March 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 21 December 2013

And signed on their behalf by:
Alan Heywood, Director

LES HEYWOOD & SON LIMITED Registered Number 04710232

Notes to the Abbreviated Accounts for the period ended 31 March 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 the total invoice value excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Computer equipment - 33.3% straight line
Fixtures, fittings and equipment - 15% reducing balance
Plant and machinery - 15% reducing balance
Motor vehicles - 25% reducing balance

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 20 years.

2Intangible fixed assets
£
Cost
At 1 April 2012 60,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2013 60,000
Amortisation
At 1 April 2012 27,000
Charge for the year 3,000
On disposals -
At 31 March 2013 30,000
Net book values
At 31 March 2013 30,000
At 31 March 2012 33,000
3Tangible fixed assets
£
Cost
At 1 April 2012 40,041
Additions 532
Disposals -
Revaluations -
Transfers -
At 31 March 2013 40,573
Depreciation
At 1 April 2012 29,462
Charge for the year 2,945
On disposals -
At 31 March 2013 32,407
Net book values
At 31 March 2013 8,166
At 31 March 2012 10,579

4Transactions with directors

Name of director receiving advance or credit: Alan Heywood
Description of the transaction: Directors loan account
Balance at 1 April 2012: £ 3,697
Advances or credits made: -
Advances or credits repaid: £ 1,863
Balance at 31 March 2013: £ 1,834

Name of director receiving advance or credit: Les Heywood
Description of the transaction: Directors loan account
Balance at 1 April 2012: £ 1,954
Advances or credits made: -
Advances or credits repaid: -
Balance at 31 March 2013: £ 1,954