Registered number
05132711
Heavy Duty Designs Limited
Abbreviated Accounts
31 March 2016
Heavy Duty Designs Limited
Report to the directors on the preparation of the unaudited abbreviated accounts of Heavy Duty Designs Limited for the year ended 31 March 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Heavy Duty Designs Limited for the year ended 31 March 2016 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Purvis Stevens LLP
Chartered Certified Accountants
Hayles Bridge Offices
228 Mulgrave Road
Cheam
Surrey
SM2 6JT
1 November 2016
Heavy Duty Designs Limited
Registered number: 05132711
Abbreviated Balance Sheet
as at 31 March 2016
Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 1 1,462
Tangible assets 3 18,037 24,255
18,038 25,717
Current assets
Stocks 327,014 360,217
Debtors 389,960 126,389
Cash at bank and in hand 81,460 498
798,434 487,104
Creditors: amounts falling due within one year (369,014) (106,284)
Net current assets 429,420 380,820
Total assets less current liabilities 447,458 406,537
Creditors: amounts falling due after more than one year (140,114) (209,317)
Provisions for liabilities - (613)
Net assets 307,344 196,607
Capital and reserves
Called up share capital 4 100 100
Profit and loss account 307,244 196,507
Shareholders' funds 307,344 196,607
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
A R Stubbings
Director
Approved by the board on 1 November 2016
Heavy Duty Designs Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2016
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land and buildings 25% reducing balance
Plant and machinery 25% reducing balance
Motor vehicles 25% straight line
Patents and licences 25% straight line
Stocks
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations 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.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
2 Intangible fixed assets £
Cost
At 1 April 2015 25,253
At 31 March 2016 25,253
Amortisation
At 1 April 2015 23,791
Provided during the year 1,461
At 31 March 2016 25,252
Net book value
At 31 March 2016 1
At 31 March 2015 1,462
3 Tangible fixed assets £
Cost
At 1 April 2015 60,349
Additions 316
At 31 March 2016 60,665
Depreciation
At 1 April 2015 36,094
Charge for the year 6,534
At 31 March 2016 42,628
Net book value
At 31 March 2016 18,037
At 31 March 2015 24,255
4 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
5 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
A R Stubbings
Loan account 279 - - 279
279 - - 279
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