REGISTERED NUMBER: 03753992 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31st July 2013

for

AB Humbercraft Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A. J. Read

Mrs A. D. Read

SECRETARY:

J. Bunting

REGISTERED OFFICE:

Unit B6

Kingston Way

Stockholm Road

Hull

East Yorkshire

HU7 0XW

REGISTERED NUMBER:

03753992 (England and Wales)

ACCOUNTANTS:

Sadofskys Chartered Accountants

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

BANKERS:

Lloyds Bank Plc

1-7 George Street

Hull

HU1 3BB

FIXED ASSETS

Intangible assets

2

-

4,000

Tangible assets

3

96,730

83,077

96,730

87,077

CURRENT ASSETS

Stocks

91,139

68,220

Debtors

358,293

147,917

Cash at bank and in hand

3,575

71,635

453,007

287,772

CREDITORS

Amounts falling due within one year

441,589

244,497

NET CURRENT ASSETS

11,418

43,275

TOTAL ASSETS LESS CURRENT LIABILITIES

108,148

130,352

CREDITORS

Amounts falling due after more than one year

(33,932

)

(18,906

)

PROVISIONS FOR LIABILITIES

(12,240

)

(8,366

)

NET ASSETS

61,976

103,080

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

61,876

102,980

SHAREHOLDERS' FUNDS

61,976

103,080

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2013 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 20th November 2013 and were signed on its behalf by:

A. J. Read - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill will be subject to an impairment review annually and amortised accordingly.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st August 2012

and 31st July 2013

20,000

AMORTISATION

At 1st August 2012

16,000

Amortisation for year

4,000

At 31st July 2013

20,000

NET BOOK VALUE

At 31st July 2013

-

At 31st July 2012

4,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st August 2012

164,533

Additions

38,078

At 31st July 2013

202,611

DEPRECIATION

At 1st August 2012

81,456

Charge for year

24,425

At 31st July 2013

105,881

NET BOOK VALUE

At 31st July 2013

96,730

At 31st July 2012

83,077

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

100

Ordinary

£1

100

100

5.

CONTROL

During this and the previous year, the company was under the control of A. J. Read and Mrs A. D. Read.