REGISTERED NUMBER: |
Report of the Directors and |
Unaudited Financial Statements for the Year Ended 31 December 2015 |
for |
Harewood Associates Limited |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
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 |
DIRECTORS |
report. |
Other changes in directors holding office are as follows: |
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: |
Harewood Associates Limited (Registered number: 07467243) |
Profit and Loss Account |
for the Year Ended 31 December 2015 |
Notes | £ |
TURNOVER |
Cost of sales |
GROSS PROFIT |
Administrative expenses |
OPERATING PROFIT | 2 |
Interest payable and similar charges | ( |
) |
PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION |
Tax on profit on ordinary activities | 3 |
PROFIT FOR THE FINANCIAL YEAR |
Harewood Associates Limited (Registered number: 07467243) |
Balance Sheet |
31 December 2015 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Profit and loss account | 8 |
SHAREHOLDERS' FUNDS |
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 were approved by the Board of Directors on signed on its behalf by: |
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 |
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 |
Tax on profit on ordinary activities |
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 |
NET BOOK VALUE |
At 31 December 2015 |
At 31 December 2014 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Amounts owed by group undertakings |
Other debtors | (149,301 | ) |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary Share | 1 |
8. | RESERVES |
Profit |
and loss |
account |
£ |
At 1 January 2015 |
Profit for the year |
At 31 December 2015 |