Harway Drylining Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08329703 (England and Wales)

Unaudited Financial Statements

for the Period 1 April 2018 to 30 March 2019

for

Harway Drylining Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J W Conway

I Harris

REGISTERED OFFICE:

Chiswell Green Lane

Chiswell Green

St Albans

Hertfordshire

AL2 3NS

REGISTERED NUMBER:

08329703 (England and Wales)

ACCOUNTANTS:

Aspley Bookkeeping Services Ltd

Chiswell Green Lane

Chiswell Green

St Albans

Hertfordshire

AL2 3NS

FIXED ASSETS

Tangible assets

4

21,129

29,052

CURRENT ASSETS

Debtors

5

7,686

34,792

Cash at bank

17,200

6,944

24,886

41,736

CREDITORS

Amounts falling due within one year

6

27,586

36,934

NET CURRENT (LIABILITIES)/ASSETS

(2,700

)

4,802

TOTAL ASSETS LESS CURRENT LIABILITIES

18,429

33,854

CREDITORS

Amounts falling due after more than one year

7

(17,947

)

(21,047

)

PROVISIONS FOR LIABILITIES

-

(5,520

)

NET ASSETS

482

7,287

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

480

7,285

SHAREHOLDERS' FUNDS

482

7,287

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 March 2019 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors on 12 March 2020 and were signed on its behalf by:

I Harris - Director

1.	STATUTORY INFORMATION

Harway Drylining Ltd 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.

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.

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit

and loss account, 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

and 30 March 2019

31,693

DEPRECIATION

At 1 April 2018

2,641

Charge for period

7,923

At 30 March 2019

10,564

NET BOOK VALUE

At 30 March 2019

21,129

At 31 March 2018

29,052

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.3.19

31.3.18

£

£

Trade debtors

3,089

19,906

Other debtors

4,597

14,886

7,686

34,792

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.3.19

31.3.18

£

£

Hire purchase contracts

3,100

3,100

Trade creditors

1,022

3,535

Taxation and social security

22,424

26,007

Other creditors

1,040

4,292

27,586

36,934

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.3.19

31.3.18

£

£

Hire purchase contracts

17,947

21,047

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.3.19

31.3.18

£

£

Hire purchase contracts

21,047

24,147

Obligations under hire purchase contracts are secured over the assets concerned.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended

30 March 2019 and the year ended 31 March 2018:

30.3.19

31.3.18

£

£

I Harris

Balance outstanding at start of period

(3,092

)

(552

)

Amounts advanced

54,361

37,460

Amounts repaid

(50,000

)

(40,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

1,269

(3,092

)

J W Conway

Balance outstanding at start of period

(16

)

(1,502

)

Amounts advanced

54,041

41,486

Amounts repaid

(50,000

)

(40,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

4,025

(16

)