Harrison's ICS Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10367313

Unaudited Financial Statements for the Year Ended 30 September 2018

for

Harrison's ICS Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J Harrison

Mrs D M Harrison

J Harrison

Miss L Harrison

REGISTERED OFFICE:

Uglow Farm

Broadhead Road

Edgworth

Bolton

BL7 0JN

REGISTERED NUMBER:

10367313

ACCOUNTANTS:

Account-Angels (North West) Limited

Uglow Farm

Broadhead Road

Edgworth

Bolton

BL7 0JN

FIXED ASSETS

Tangible assets

4

5,449

6,038

CURRENT ASSETS

Debtors

5

50,914

43,547

Cash at bank

35,966

4,611

86,880

48,158

CREDITORS

Amounts falling due within one year

6

37,442

48,236

NET CURRENT ASSETS/(LIABILITIES)

49,438

(78

)

TOTAL ASSETS LESS CURRENT LIABILITIES

54,887

5,960

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

54,787

5,860

54,887

5,960

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 22 May 2019 and were signed on its behalf by:

M J Harrison - Director

1.	STATUTORY INFORMATION

Harrison's ICS Limited is a private company, limited by shares , registered in Not

specified/Other. The company's registered number and registered office address can be found

on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Decorating equipment

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on reducing balance

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet 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

Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Decorating

and

Computer

equipment

fittings

equipment

Totals

£

£

£

£

COST

At 1 October 2017

6,500

-

1,250

7,750

Additions

-

192

951

1,143

At 30 September 2018

6,500

192

2,201

8,893

DEPRECIATION

At 1 October 2017

1,300

-

412

1,712

Charge for year

1,040

38

654

1,732

At 30 September 2018

2,340

38

1,066

3,444

NET BOOK VALUE

At 30 September 2018

4,160

154

1,135

5,449

At 30 September 2017

5,200

-

838

6,038

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.18

30.9.17

£

£

Trade debtors

50,914

43,547

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.18

30.9.17

£

£

Trade creditors

12,247

7,899

Taxation and social security

18,016

(5,805

)

Other creditors

7,179

46,142

37,442

48,236

7.	RELATED PARTY DISCLOSURES

Included in creditors, amounts falling due within one year, is a joint directors loan account of

£5281 (2017 £44738. This loan is unsecured, interest free and repayable upon demand.