Registered Number 04710232

LES HEYWOOD & SON LIMITED

Abbreviated Accounts

31 March 2014

LES HEYWOOD & SON LIMITED Registered Number 04710232

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 27,000 30,000
Tangible assets 3 6,422 8,166
33,422 38,166
Current assets
Stocks 5,163 10,355
Debtors 18,592 15,191
23,755 25,546
Prepayments and accrued income 1,232 851
Creditors: amounts falling due within one year (43,993) (50,224)
Net current assets (liabilities) (19,006) (23,827)
Total assets less current liabilities 14,416 14,339
Accruals and deferred income (350) (350)
Total net assets (liabilities) 14,066 13,989
Capital and reserves
Called up share capital 100 100
Profit and loss account 13,966 13,889
Shareholders' funds 14,066 13,989
  • For the year ending 31 March 2014 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 30 December 2014

And signed on their behalf by:
A Heywood, Director

LES HEYWOOD & SON LIMITED Registered Number 04710232

Notes to the Abbreviated Accounts for the period ended 31 March 2014

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 and services 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
Plant & machinery - 15% reducing balance
Fixtures, fittings and equipment - 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 2013 60,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2014 60,000
Amortisation
At 1 April 2013 30,000
Charge for the year 3,000
On disposals -
At 31 March 2014 33,000
Net book values
At 31 March 2014 27,000
At 31 March 2013 30,000
3Tangible fixed assets
£
Cost
At 1 April 2013 40,573
Additions 509
Disposals -
Revaluations -
Transfers -
At 31 March 2014 41,082
Depreciation
At 1 April 2013 32,407
Charge for the year 2,253
On disposals -
At 31 March 2014 34,660
Net book values
At 31 March 2014 6,422
At 31 March 2013 8,166