W Harradine & Sons Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00546622

Financial Statements

for the Year Ended 31 March 2020

for

W HARRADINE & SONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTOR:

Mr B Harradine

SECRETARY:

Mr B Harradine

REGISTERED OFFICE:

150 Upwell Road

March

Cambridgeshire

PE15 0DE

REGISTERED NUMBER:

00546622

ACCOUNTANTS:

Robson Downing

49 Grampian Way

Oulton

Lowestoft

Suffolk

NR32 3EP

FIXED ASSETS

Tangible assets

4

109,851

115,050

Investments

5

281

281

110,132

115,331

CURRENT ASSETS

Stocks

18,276

18,330

Debtors

6

55,383

52,504

Cash at bank

208,211

216,906

281,870

287,740

CREDITORS

Amounts falling due within one year

7

276,741

284,148

NET CURRENT ASSETS

5,129

3,592

TOTAL ASSETS LESS CURRENT LIABILITIES

115,261

118,923

CREDITORS

Amounts falling due after more than one year

8

-

(7,667

)

PROVISIONS FOR LIABILITIES

(20,872

)

(21,859

)

NET ASSETS

94,389

89,397

CAPITAL AND RESERVES

Called up share capital

3,000

3,000

Retained earnings

91,389

86,397

SHAREHOLDERS' FUNDS

94,389

89,397

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 and authorised for issue on 12 June 2020 and were signed by:

Mr B Harradine - Director

1.	STATUTORY INFORMATION

W Harradine & Sons 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.

Agricultural buildings

-

10% on reducing balance

Implements

-

10% on reducing balance

Plant and machinery

-

25% on reducing balance

Tractors

-

22% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Agricultural

Plant and

buildings

Implements

machinery

£

£

£

COST

At 1 April 2019

18,374

49,730

19,239

Additions

-

-

17,830

Disposals

(1,774

)

(19,288

)

(4,500

)

At 31 March 2020

16,600

30,442

32,569

DEPRECIATION

At 1 April 2019

13,682

32,660

16,292

Charge for year

469

909

5,081

Charge written back

(1,769

)

(11,287

)

(4,049

)

At 31 March 2020

12,382

22,282

17,324

NET BOOK VALUE

At 31 March 2020

4,218

8,160

15,245

At 31 March 2019

4,692

17,070

2,947

Motor

Computer

Tractors

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2019

46,000

126,675

295

260,313

Additions

-

17,971

-

35,801

Disposals

-

(6,613

)

-

(32,175

)

At 31 March 2020

46,000

138,033

295

263,939

DEPRECIATION

At 1 April 2019

10,119

72,284

226

145,263

Charge for year

7,894

18,061

11

32,425

Charge written back

-

(6,495

)

-

(23,600

)

At 31 March 2020

18,013

83,850

237

154,088

NET BOOK VALUE

At 31 March 2020

27,987

54,183

58

109,851

At 31 March 2019

35,881

54,391

69

115,050

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2019

and 31 March 2020

281

NET BOOK VALUE

At 31 March 2020

281

At 31 March 2019

281

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

47,614

40,863

Other debtors

7,769

11,641

55,383

52,504

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Hire purchase contracts

7,667

19,455

Trade creditors

2,209

3,081

Taxation and social security

5,719

4,360

Other creditors

261,146

257,252

276,741

284,148

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.20

31.3.19

£

£

Hire purchase contracts

-

7,667

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The business premises occupied by the Company are owned by the director and a normal commercial rent has

been paid.

10.	RELATED PARTY DISCLOSURES

All information relevant to related party transactions are disclosed under the heading "TRANSACTIONS WITH

DIRECTOR".

11.	ULTIMATE CONTROLLING PARTY

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2020 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Robson Downing

49 Grampian Way

Oulton

Lowestoft

Suffolk

NR32 3EP

12 June 2020