Accounts filed on 31-05-2020

Accounts filed on 31-05-2020

HARVARD LTD - Company Information

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Registered number: 11343274
Harvard Limited
ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2020
Prepared By:
Willow Accounting & Consultancy
Chartered Certified Accountants
3a Springfield Road
Poole
Dorset
BH14 0LG
Harvard Limited
ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2020
DIRECTORS
Luke Rayner
REGISTERED OFFICE
2-4 Acland Road
Charminster
Bournemouth
Dorset
BH9 1JJ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 11343274
ACCOUNTANTS
Willow Accounting & Consultancy
Chartered Certified Accountants
3a Springfield Road
Poole
Dorset
BH14 0LG
Harvard Limited
ACCOUNTS
FOR THEYEARENDED31 MAY 2020
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Harvard Limited
BALANCE SHEET AT 31 May 2020
20202019
Notes££
FIXED ASSETS
Tangible assets353,707300
CURRENT ASSETS
Debtors469,21955,930
Cash at bank and in hand36,21317,554
105,43273,484
CREDITORS: Amounts falling due within one year5148,65160,271
NET CURRENT (LIABILITIES) / ASSETS(43,219)13,213
TOTAL ASSETS LESS CURRENT LIABILITIES10,48813,513
CREDITORS: Amounts falling due after more than one year650,000-
NET (LIABILITIES) / ASSETS(39,512)13,513
CAPITAL AND RESERVES
Called up share capital711
Profit and loss account(39,513)13,512
SHAREHOLDERS' FUNDS(39,512)13,513
For the year ending 31 May 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 27 May 2021 and signed on their behalf by
.............................
Luke Rayner
Director
Harvard Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2020
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehicles 25%
Fixtures and Fittings 15%
Equipment 25%
Motor Cars 25%
1c. Government Grants
Government grants are recognised in profit and loss in the year in which they are received.
2. EMPLOYEES
20202019
No.No.
Average number of employees42
Harvard Limited
3. TANGIBLE FIXED ASSETS
CommercialFixtures
Vehiclesand FittingsEquipmentMotor CarsTotal
£££££
Cost
At 1 June 2019--400-400
Additions66,2903844374,14771,258
At 31 May 202066,2903848374,14771,658
Depreciation
At 1 June 2019--100-100
For the year16,572581841,03717,851
At 31 May 202016,572582841,03717,951
Net Book Amounts
At 31 May 202049,7183265533,11053,707
At 31 May 2019--300-300
4. DEBTORS 20202019
££
Amounts falling due within one year
Trade debtors32,85140,046
Other debtors13,95611,767
Amounts due from connected companies18,0464,117
Directors current account4,366-
69,21955,930
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20202019
££
UK corporation tax6793,270
VAT9,9636,508
PAYE control5,577630
Salaries and wages control2,8911,118
Pension control194-
Directors current account-4,666
Bank loans and overdrafts1-
Trade creditors3,73315,263
Franchisee control account19,1389,863
Accruals2,4062,170
Amounts due to connected companies104,06916,783
148,65160,271
Harvard Limited
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20202019
££
Bank loans (unsecured)50,000-
50,000-
7. SHARE CAPITAL 20202019
££
Allotted, issued and fully paid:
100 Ordinary shares of £0.01 each11
11
New shares issued during period:
Ordinary shares of £0.01 each1
-1
8. RELATED PARTY TRANSACTIONS
Included in both debtors and creditors are balances due from and to companies in which the director has significant influence.