Heavy Duty Designs Limited - Abbreviated accounts

Registered number

05132711

Heavy Duty Designs Limited

Abbreviated Accounts

31 March 2015

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 2015
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 2015 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

21 December 2015

Heavy Duty Designs Limited
Registered number:		05132711
Abbreviated Balance Sheet
as at 31 March 2015

Notes			2015			2014
£				£
Fixed assets
Intangible assets	2		1,462			1,949
Tangible assets	3		24,255			29,853
			25,717			31,802

Current assets
Stocks		360,217			100,012
Debtors		126,389			293,902
Cash at bank and in hand		498			7,141
		487,104			401,055

Creditors: amounts falling due within one year		(106,284)			(140,023)

Net current assets			380,820			261,032

Total assets less current liabilities			406,537			292,834

Creditors: amounts falling due after more than one year			(209,317)			(171,943)

Provisions for liabilities			(613)			-


Net assets			196,607			120,891

Capital and reserves
Called up share capital	5		100			100
Share premium			-			28,138
Profit and loss account			196,507			92,653

Shareholders' funds			196,607			120,891

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 21 December 2015

Heavy Duty Designs Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2015

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% reducing balance
	Patents and licences			25% reducing balance

	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 2014					25,253
	At 31 March 2015					25,253

	Amortisation
	At 1 April 2014					23,304
	Provided during the year					487
	At 31 March 2015					23,791

	Net book value
	At 31 March 2015					1,462
	At 31 March 2014					1,949


3	Tangible fixed assets					£

	Cost
	At 1 April 2014					57,862
	Additions					2,487
	At 31 March 2015					60,349

	Depreciation
	At 1 April 2014					28,009
	Charge for the year					8,085
	At 31 March 2015					36,094

	Net book value
	At 31 March 2015					24,255
	At 31 March 2014					29,853


4	Loans					2015		2014
£							£
	Creditors include:
	Secured bank loans					-		28,078


5	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100


6	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	J S Dunn
	Loan account	(160,102)		(142,024)		100,500		(201,626)

	A R Stubbings
	Loan account	279		-		-		279

		(159,823)		(142,024)		100,500		(201,347)