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)
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