Sims Hill Shared Harvest Ltd Accounts
Sims Hill Shared Harvest Ltd Accounts
Sims Hill Shared Harvest Ltd FILLETED ACCOUNTS COVER |
Company No. 07416757 | |||||||||
Sims Hill Shared Harvest Ltd DIRECTORS REPORT REGISTRAR |
The Directors present their report and the accounts for the year ended 31 December 2019. | |||||||||
Principal activities | |||||||||
Directors | |||||||||
The Directors who served at any time during the year were as follows: | |||||||||
C. Boushel | (Resigned 31 July 2019) | ||||||||
J. Harrison | |||||||||
J. Miller | |||||||||
J.C.B. Nichols | |||||||||
S.J. Osborn | |||||||||
K. Philbrick | (Resigned 28 February 2019) | ||||||||
D. Phillips | (Resigned 27 February 2020) | ||||||||
K. Sponsler | |||||||||
F. Widdicombe | |||||||||
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006. | |||||||||
Signed on behalf of the board | |||||||||
K. Sponsler | |||||||||
Company Secretary | |||||||||
09 September 2020 |
Sims Hill Shared Harvest Ltd BALANCE SHEET REGISTRAR |
at | ||||||||||
Company No. | 07416757 | Notes | 2019 | 2018 | ||||||
£ | £ | |||||||||
Fixed assets | ||||||||||
Tangible assets | 4 | |||||||||
Current assets | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
Creditors: Amount falling due within one year | 6 | ( | ( | |||||||
Net current liabilities | ( | ( | ||||||||
Total assets less current liabilities | ||||||||||
Provisions for liabilities | ||||||||||
Deferred taxation | 7 | ( | ||||||||
Net assets | ||||||||||
Reserves | ||||||||||
Income and expenditure account | ||||||||||
Total equity | ||||||||||
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's income and expenditure account. | ||||||||||
Approved by the board on 09 September 2020 | ||||||||||
And signed on its behalf by: | ||||||||||
K. Sponsler | ||||||||||
Director | ||||||||||
09 September 2020 |
Sims Hill Shared Harvest Ltd NOTES TO THE ACCOUNTS REGISTRAR |
for the year ended 31 December 2019 | |||||||||||||||
1 | General information | ||||||||||||||
Its registered number is: 07416757 | |||||||||||||||
Its registered office is: | |||||||||||||||
2 | Accounting policies | ||||||||||||||
Turnover | |||||||||||||||
Revenue from the sale of goods is recognised when all the following conditions are satisfied: • the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; • the amount of revenue can be measured reliably; • it is probable that the economic benefits associated with the transaction will flow to the Company; and • the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed. | |||||||||||||||
Tangible fixed assets and depreciation | |||||||||||||||
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. | |||||||||||||||
Plant and machinery | |||||||||||||||
Furniture, fittings and equipment | |||||||||||||||
Taxation | |||||||||||||||
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from the surplus as reported in the income and expenditure account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Current or deferred tax for the year is recognised in the income and expenditure account, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively. | |||||||||||||||
Trade and other debtors | |||||||||||||||
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts. | |||||||||||||||
Trade and other 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. | |||||||||||||||
Defined contribution pensions | |||||||||||||||
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds. | |||||||||||||||
Grants | |||||||||||||||
Grants are credited to deferred income. Grants towards capital expenditure are released to the income and expenditure account over the expected useful life of the assets. Grants towards revenue expenditure are released to the income and expenditure account as the related expenditure is incurred. | |||||||||||||||
Provisions | |||||||||||||||
Provisions are charged as an expense to the income and expenditure account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet. | |||||||||||||||
3 | Employees | ||||||||||||||
2019 | 2018 | ||||||||||||||
Number | Number | ||||||||||||||
The average number of persons employed during the year : | |||||||||||||||
4 | Tangible fixed assets | ||||||||||||||
Site works | Plant and machinery | Total | |||||||||||||
£ | £ | £ | |||||||||||||
Cost or revaluation | |||||||||||||||
At 1 January 2019 | |||||||||||||||
Additions | |||||||||||||||
At 31 December 2019 | |||||||||||||||
Depreciation | |||||||||||||||
At 1 January 2019 | |||||||||||||||
Charge for the year | |||||||||||||||
At 31 December 2019 | |||||||||||||||
Net book values | |||||||||||||||
At 31 December 2019 | |||||||||||||||
At 31 December 2018 | |||||||||||||||
5 | Debtors | ||||||||||||||
2019 | 2018 | ||||||||||||||
£ | £ | ||||||||||||||
VAT recoverable | |||||||||||||||
Other debtors | |||||||||||||||
Prepayments and accrued income | |||||||||||||||
6 | Creditors: | ||||||||||||||
amounts falling due within one year | |||||||||||||||
2019 | 2018 | ||||||||||||||
£ | £ | ||||||||||||||
Trade creditors | |||||||||||||||
Other taxes and social security | |||||||||||||||
Other creditors | |||||||||||||||
Accruals and deferred income | |||||||||||||||
7 | Provisions for liabilities | ||||||||||||||
Deferred taxation | |||||||||||||||
Accelerated Capital Allowances, Losses and Other Timing Differences | Total | ||||||||||||||
£ | £ | ||||||||||||||
Charge to the income and expenditure account for the year | 1,039 | ||||||||||||||
At 31 December 2019 | 1,039 | ||||||||||||||
2019 | 2018 | ||||||||||||||
£ | £ | ||||||||||||||
Accelerated capital allowances | |||||||||||||||
Tax losses | ( | ||||||||||||||
8 | Reserves | ||||||||||||||