REGISTERED NUMBER: 02858285 (England and Wales)

Abbreviated Unaudited Accounts

For The Year Ended 31 March 2013

for

Ian Whitehead Contract Furnishing Ltd

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

Report of the Accountants

5

FIXED ASSETS

Tangible assets

2

313,025

162,738

CURRENT ASSETS

Stocks

18,100

18,100

Debtors

2,020,299

2,249,306

Cash at bank and in hand

32,350

41,059

2,070,749

2,308,465

CREDITORS

Amounts falling due within one year

3

1,146,391

1,391,000

NET CURRENT ASSETS

924,358

917,465

TOTAL ASSETS LESS CURRENT LIABILITIES

1,237,383

1,080,203

CREDITORS

Amounts falling due after more than one year

3

(124,140

)

-

ACCRUALS AND DEFERRED INCOME

(2,679

)

(2,906

)

NET ASSETS

1,110,564

1,077,297

CAPITAL AND RESERVES

Called up share capital

4

25,000

25,000

Profit and loss account

1,085,564

1,052,297

SHAREHOLDERS' FUNDS

1,110,564

1,077,297

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

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

The director acknowledges his 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 director on 18 December 2013 and were signed by:

I Whitehead - 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 the net sales value of goods supplied and services rendered during the year, exclusive of

value added tax. Turnover includes the value of contract work completed at the year end but not invoiced.

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

-

10% straight line

Fixtures and fittings

-

33% straight line and 10% straight line

Motor vehicles

-

25% straight line

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 direct materials, labour and production overheads. Net

realisable value is based on estimated selling price less further costs to completion and selling costs.

Long Term Contracts

Turnover is recognised at the value of work performed. Profit is recognised appropriately for the stage of

completion of each project. Any losses foreseen are provided in full immediately.

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.

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.

Government grants

Grants received in respect of capital expenditure are credited to the profit and loss account in equal annual

instalments over the estimated useful lives of the assets concerned.

Grants received in respect of revenue expenditure are credited to the profit and loss account in the same period

as the related expenditure.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2012

773,868

Additions

192,268

At 31 March 2013

966,136

DEPRECIATION

At 1 April 2012

611,130

Charge for year

41,981

At 31 March 2013

653,111

NET BOOK VALUE

At 31 March 2013

313,025

At 31 March 2012

162,738

3.

CREDITORS

Creditors include an amount of £ 181,364 for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

25,000

Ordinary

£1

25,000

25,000

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages one to four)

have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended

31 March 2013 set out on pages three to eleven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to

fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Our report may not be relied upon by any person for any other purpose whatsoever.

Roddis Taylor Robinson neither owes nor accepts any duty to any other party and shall not be liable for any loss,

damage or expenses of whatsoever nature which is caused by their reliance on these accounts.

Roddis Taylor Robinson

Chartered Accountants

Unit 6, Acorn Business Park

Woodseats Close

Sheffield

South Yorkshire

S8 0TB

18 December 2013