ACCOUNTS - Final Accounts preparation

EDGAR HARVEY LIMITED - Company Information

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Registered number: 04737008

EDGAR HARVEY LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2019

EDGAR HARVEY LIMITED

REGISTERED NUMBER:04737008

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2019

		2019		2018
Note		£		£


CURRENT ASSETS
Cash at bank and in hand	4	36,943		30,008
		36,943		30,008
Creditors: amounts falling due within one year		(50,044)		(41,539)
NET CURRENT LIABILITIES			(13,101)		(11,531)
TOTAL ASSETS LESS CURRENT LIABILITIES			(13,101)		(11,531)

NET LIABILITIES			(13,101)		(11,531)

CAPITAL AND RESERVES
Called up share capital	2	2
Profit and loss account	(13,103)	(11,533)
	(13,101)	(11,531)

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

L M Gibson

Director

Date: 18 December 2019

The notes on pages 2 to 3 form part of these financial statements.

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EDGAR HARVEY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

1.	GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 22 Stokes Croft, Bristol, BS1 3PR.

2.ACCOUNTING POLICIES

2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

GOING CONCERN

The company made a loss after tax of £1,570 (2018: £1,548), and has net liabilities of £13,101 (2018: £11,531). The financial statements have been prepared on a going concern basis, the validity of which depends on the support of the company's directors and a company which is under common directorship. The directors have indicated that they will continue to make available such funds as are needed by the company and in particular will not seek repayment of the amounts currently made available unless the Company has sufficient cash to make such a repayment. This should enable the company to continue in operational existence for the foreseeable future by meeting its liabilities as they fall due for payment.
The directors of the company have considered cash flow projections for the 12 months from the date of approval of these financial statements, taking account of the directors' support and remain confident that the company is able to continue trading for a period of at least 12 months from the date of approval of these financial statements.
Based on this, the directors have prepared these financial statements on a going concern basis.

2.3

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.4

CREDITORS

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.5

FINANCIAL INSTRUMENTS

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

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EDGAR HARVEY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

EMPLOYEES

	The Company has no employees other than the directors, who did not receive any remuneration (2018:£NIL).

4.	CASH AND CASH EQUIVALENTS
		2019	2018
		£	£

Cash at bank and in hand	36,943	30,008
	36,943	30,008

5.	SHARE CAPITAL
		2019	2018
		£	£

ALLOTTED, CALLED UP AND FULLY PAID

2 (2018:2) Ordinary shares of £1.00 each	2	2

RESERVES

Profit and loss account

The profit and loss account includes all current and prior period retained profits and losses.

7.	RELATED PARTY TRANSACTIONS
	At the year end the directors were owed £1,710 (2018: £1,710) by the company. There has been no further advances or repayments of this balance during the year. At the year end the company owed Portland Brown Limited, a company with common directors, £14,801 (2018: £13,231).

8.	CONTROLLING PARTY

The company is controlled by Mr A W Brown, who owns 100% of the share capital of the company.

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