Harwood Hide Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03886673 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2019

FOR

HARWOOD HIDE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs J L Dean

SECRETARY:

Mrs J L Dean

REGISTERED OFFICE:

The Weaving Shed

Imperial Mill

Gorse Street

Blackburn

Lancashire

BB1 3EU

REGISTERED NUMBER:

03886673 (England and Wales)

ACCOUNTANTS:

Brosnans

Chartered Accountants

Birkby House

Bailiff Bridge

Brighouse

West Yorkshire

HD6 4JJ

FIXED ASSETS

Tangible assets

4

467,333

476,500

Investments

5

50

50

467,383

476,550

CURRENT ASSETS

Debtors

6

314,150

578,023

Cash at bank

1,240,565

836,670

1,554,715

1,414,693

CREDITORS

Amounts falling due within one year

7

1,841,408

1,797,128

NET CURRENT LIABILITIES

(286,693

)

(382,435

)

TOTAL ASSETS LESS CURRENT LIABILITIES

180,690

94,115

PROVISIONS FOR LIABILITIES

300

-

NET ASSETS

180,390

94,115

CAPITAL AND RESERVES

Called up share capital

8

100,000

100,000

Retained earnings

80,390

(5,885

)

SHAREHOLDERS' FUNDS

180,390

94,115

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 applicable to companies subject to the small companies regime.

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 26 February 2020 and were signed by:

Mrs J L Dean - Director

1.	STATUTORY INFORMATION

Harwood Hide Limited is a private company, limited by shares , registered in England and Wales. The

company's 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 (£).

The significant accounting policies applied in the preparation of these financial statements are set

out below. These policies have been consistently applied to all years presented unless otherwise

stated.

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.

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).

The financial statements have been prepared on the basis that the company can continue to operate

as a going concern.

The director considers it appropriate to draw up the financial statements on a going concern basis.

If the company was unable to continue as a going concern, the financial statements would have to

be adjusted to write down assets to their recoverable amounts, to provide for any additional losses

or liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets

and current liabilities.

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 the cost less estimated residual value of each asset over its estimated useful life.

Land and buildings

-

2% on cost and over the unexpired term of the lease

Plant and machinery etc

-

25% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation

and accumulated impairment losses. Cost includes costs directly attributable to making the asset

capable of operating as intended.

FOREIGN CURRENCIES

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling

at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate

of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving

at the operating result.

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 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 July 2018

and 30 June 2019

533,802

73,953

607,755

DEPRECIATION

At 1 July 2018

60,724

70,531

131,255

Charge for year

7,322

1,845

9,167

At 30 June 2019

68,046

72,376

140,422

NET BOOK VALUE

At 30 June 2019

465,756

1,577

467,333

At 30 June 2018

473,078

3,422

476,500

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 July 2018

and 30 June 2019

50

NET BOOK VALUE

At 30 June 2019

50

At 30 June 2018

50

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

312,071

576,009

Other debtors

2,079

2,014

314,150

578,023

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

306

149

Trade creditors

1,818,132

1,488,329

Taxation and social security

11,651

297,400

Other creditors

11,319

11,250

1,841,408

1,797,128

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

100,000

Ordinary

1

100,000

100,000

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs J L Dean.