REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2017 |
FOR |
A. HARRIS CONTRACTORS LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2017 |
FOR |
A. HARRIS CONTRACTORS LIMITED |
A. HARRIS CONTRACTORS LIMITED (REGISTERED NUMBER: 04363174) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2017 |
Page |
Company Information | 1 |
Abridged Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
A. HARRIS CONTRACTORS LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 JANUARY 2017 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
BUSINESS ADDRESS: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
New Media House |
Davidson Road |
Lichfield |
Staffordshire |
WS14 9DZ |
A. HARRIS CONTRACTORS LIMITED (REGISTERED NUMBER: 04363174) |
ABRIDGED STATEMENT OF FINANCIAL POSITION |
31 JANUARY 2017 |
2017 | 2016 |
Notes | £ | £ | £ | £ |
Fixed assets |
Intangible assets | 5 |
Tangible assets | 6 |
Current assets |
Stocks |
Debtors |
Cash at bank |
Creditors |
Amounts falling due within one year |
Net current assets |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year | ( |
) | ( |
) |
Provisions for liabilities | ( |
) | ( |
) |
Net assets |
Capital and reserves |
Called up share capital |
Retained earnings |
Shareholders' funds |
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. |
A. HARRIS CONTRACTORS LIMITED (REGISTERED NUMBER: 04363174) |
ABRIDGED STATEMENT OF FINANCIAL POSITION - continued |
31 JANUARY 2017 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director on |
A. HARRIS CONTRACTORS LIMITED (REGISTERED NUMBER: 04363174) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2017 |
1. | STATUTORY INFORMATION |
A. Harris Contractors Limited is a |
registered number and registered office address can be found on the Company Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents amounts receivable for goods and services net of VAT and trade discounts. |
Goodwill |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any |
accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Plant and machinery etc | - |
Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing |
stocks to their present location and condition. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent |
that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the statement of financial position date. |
A. HARRIS CONTRACTORS LIMITED (REGISTERED NUMBER: 04363174) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2017 |
3. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of |
financial position date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in |
which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been |
enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be |
recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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 profit or loss over the relevant period. The capital element of the |
future payments is treated as a liability. |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
5. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 February 2016 |
and 31 January 2017 |
AMORTISATION |
At 1 February 2016 |
and 31 January 2017 |
NET BOOK VALUE |
At 31 January 2017 |
At 31 January 2016 |
A. HARRIS CONTRACTORS LIMITED (REGISTERED NUMBER: 04363174) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2017 |
6. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 February 2016 |
Disposals | ( |
) |
At 31 January 2017 |
DEPRECIATION |
At 1 February 2016 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31 January 2017 |
NET BOOK VALUE |
At 31 January 2017 |
At 31 January 2016 |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Totals |
£ |
COST |
At 1 February 2016 |
and 31 January 2017 | 41,991 |
DEPRECIATION |
At 1 February 2016 |
and 31 January 2017 | 14,352 |
NET BOOK VALUE |
At 31 January 2017 | 27,639 |
At 31 January 2016 | 27,639 |
A. HARRIS CONTRACTORS LIMITED (REGISTERED NUMBER: 04363174) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2017 |
7. | SECURED DEBTS |
The following secured debts are included within creditors: |
2017 | 2016 |
£ | £ |
Hire purchase contracts | 7,253 | 16,039 |
The bank overdraft is personally secured for £10,000 by the director, Mr A Harris. The sums due under hire purchase |
contracts are secured against the assets to which they relate. |
8. | RELATED PARTY DISCLOSURES |
During the year, total dividends of £27,785 (2016 - £43,486) were paid to the director . |
At the year end the director was owed £243 (2016: £75). This loan is interest free and repayable on demand. |