Company Registration No. 2708259 (England and Wales)
ABBEY ATTACHMENTS HOLDINGS LIMITED
ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
ABBEY ATTACHMENTS HOLDINGS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 4
ABBEY ATTACHMENTS HOLDINGS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,213,364
1,239,147
Investments
2
5,626
5,626
1,218,990
1,244,773
Current assets
Debtors
33,600
14,400
Creditors: amounts falling due within one year
(1,042,224)
(1,103,168)
Net current liabilities
(1,008,624)
(1,088,768)
Total assets less current liabilities
210,366
156,005
Capital and reserves
Called up share capital
3
5,626
5,626
Profit and loss account
204,740
150,379
Shareholders' funds
210,366
156,005
For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 11 August 2015
P Saunders
Director
Company Registration No. 2708259
ABBEY ATTACHMENTS HOLDINGS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents rent receivable.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings
2% straight line basis
The Land and Buildings were professionally valued by Chartered Surveyors on an existing use open market value basis prior to the aquisition.
1.4
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.5
Deferred taxation
Deferred tax is recognised in respect of all timing differences which have originated but not reversed at the balance sheet date. Timing differences are differences between taxable profits and the results as stated in the financial statements which arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.
Deferred tax is measured at the average tax rates which are expected to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws which have been enacted or substantively enacted by the balance sheet date. Deferred tax is measured on a non - discounted basis.
1.6
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.
ABBEY ATTACHMENTS HOLDINGS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 3 -
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 April 2014 & at 31 March 2015
1,289,174
5,626
1,294,800
Depreciation
At 1 April 2014
50,027
-
50,027
Charge for the period
25,783
-
25,783
At 31 March 2015
75,810
-
75,810
Net book value
At 31 March 2015
1,213,364
5,626
1,218,990
At 31 March 2014
1,239,147
5,626
1,244,773
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
Abbey Attachments Limited
England
A & B Shares
100.00
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2015
2015
Principal activity
£
£
Abbey Attachments Limited
Hire & sale of fork lift trucks
2,855,978
657,897
ABBEY ATTACHMENTS HOLDINGS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 4 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
4,500 Ordinary A shares of £1 each
4,500
4,500
1,126 Ordinary B shares of £1 each
1,126
1,126
5,626
5,626
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