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REGISTERED NUMBER: 07467243 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 December 2015

for

Harewood Associates Limited

Harewood Associates Limited (Registered number: 07467243)






Contents of the Financial Statements
for the Year Ended 31 December 2015




Page

Company Information 1

Report of the Directors 2

Profit and Loss Account 3

Balance Sheet 4

Notes to the Financial Statements 6


Harewood Associates Limited

Company Information
for the Year Ended 31 December 2015







DIRECTORS: P A J Kiely
D Kiely





SECRETARY:





REGISTERED OFFICE: 20 Chorley New Road
Bolton
Lancashire
BL1 4AP





REGISTERED NUMBER: 07467243 (England and Wales)






Harewood Associates Limited (Registered number: 07467243)

Report of the Directors
for the Year Ended 31 December 2015

The directors present their report with the financial statements of the company for the year ended 31 December 2015.

INCORPORATION
The company was incorporated on 13 December 2010 .

DIRECTORS
P A J Kiely has held office during the whole of the period from 1 January 2015 to the date of this
report.

Other changes in directors holding office are as follows:

Mrs C E Kiely - resigned 18 April 2015
D Kiely - appointed 22 April 2015

Both the directors who are eligible offer themselves for election at the forthcoming first Annual
General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act
2006 relating to small companies.

ON BEHALF OF THE BOARD:





P A J Kiely - Director


22 July 2016

Harewood Associates Limited (Registered number: 07467243)

Profit and Loss Account
for the Year Ended 31 December 2015

Notes £   

TURNOVER 9,058,373

Cost of sales 6,367,407
GROSS PROFIT 2,690,966

Administrative expenses 1,158,965
OPERATING PROFIT 2 1,532,001


Interest payable and similar charges (583 )
PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION

1,532,584

Tax on profit on ordinary activities 3 23,567
PROFIT FOR THE FINANCIAL YEAR 1,509,017

Harewood Associates Limited (Registered number: 07467243)

Balance Sheet
31 December 2015

Notes £    £   
FIXED ASSETS
Tangible assets 4 2,466

CURRENT ASSETS
Stocks 856,944
Debtors 5 9,262,324
Cash at bank 68,504
10,187,772
CREDITORS
Amounts falling due within one year 6 8,570,973
NET CURRENT ASSETS 1,616,799
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,619,265

CAPITAL AND RESERVES
Called up share capital 7 50,000
Profit and loss account 8 1,569,265
SHAREHOLDERS' FUNDS 1,619,265

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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.

Harewood Associates Limited (Registered number: 07467243)

Balance Sheet - continued
31 December 2015


The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).


The financial statements were approved by the Board of Directors on 22 July 2016 and were
signed on its behalf by:





P A J Kiely - Director


Harewood Associates Limited (Registered number: 07467243)

Notes to the Financial Statements
for the Year Ended 31 December 2015

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 January
2015).

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Stocks
Work in progress is valued at the lower of cost and net realisable value.

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

2. OPERATING PROFIT

The operating profit is stated after charging:

£   

Directors' remuneration and other benefits etc -

3. TAXATION

Analysis of the tax charge
The tax charge on the profit on ordinary activities for the year was as follows:
£   
Current tax:
UK corporation tax 23,567
Tax on profit on ordinary activities 23,567

Harewood Associates Limited (Registered number: 07467243)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2015

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2015
and 31 December 2015 2,466
NET BOOK VALUE
At 31 December 2015 2,466
At 31 December 2014 2,466

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed by group undertakings 9,411,625
Other debtors (149,301 )
9,262,324

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 24,444
Taxation and social security 46,472
Other creditors 8,500,057
8,570,973

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
50,000 Ordinary Share 1 50,000

8. RESERVES
Profit
and loss
account
£   

At 1 January 2015 60,248
Profit for the year 1,509,017
At 31 December 2015 1,569,265