Harcourt Europe Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 08451972 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 December 2014

for

Harcourt Europe Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

T Van As

J Van As

Mrs L Van As

Mrs B Van As

REGISTERED OFFICE:

Bristol Road

Allington

Chippenham

Wiltshire

SN14 6NA

REGISTERED NUMBER:

08451972 (England and Wales)

ACCOUNTANTS:

Mander Duffill

Chartered Accountants

65 St Mary Street

Chippenham

Wiltshire

SN15 3JF

FIXED ASSETS

Intangible assets

2

245,080

326,774

Tangible assets

3

20,651

40,045

265,731

366,819

CURRENT ASSETS

Stocks

79,286

83,874

Debtors

256,951

231,803

Cash at bank

141,905

3,811

478,142

319,488

CREDITORS

Amounts falling due within one year

649,300

659,762

NET CURRENT LIABILITIES

(171,158

)

(340,274

)

TOTAL ASSETS LESS CURRENT LIABILITIES

94,573

26,545

CREDITORS

Amounts falling due after more than one year

-

(6,629

)

PROVISIONS FOR LIABILITIES

(4,130

)

(1,220

)

NET ASSETS

90,443

18,696

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

90,343

18,596

SHAREHOLDERS' FUNDS

90,443

18,696

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 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 Board of Directors on 6 March 2015 and were signed on its behalf by:

T Van As - Director

J Van As - 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 net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

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.

Office equipment

-

20% on cost

Furniture, fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

25% on cost

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 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

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

408,469

AMORTISATION

At 1 January 2014

81,695

Amortisation for year

81,694

At 31 December 2014

163,389

NET BOOK VALUE

At 31 December 2014

245,080

At 31 December 2013

326,774

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

44,393

Additions

4,540

Disposals

(18,468

)

At 31 December 2014

30,465

DEPRECIATION

At 1 January 2014

4,348

Charge for year

9,843

Eliminated on disposal

(4,377

)

At 31 December 2014

9,814

NET BOOK VALUE

At 31 December 2014

20,651

At 31 December 2013

40,045

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

100

Ordinary

£1

100

100