Harvey Richards & West Lettings Limited

Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Harvey Richards & West Lettings Limited for the year ended 31 July 2021

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Harvey Richards & West Lettings Limited for the year ended 31 July 2021 as set out on pages 5 - 8 from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html

This report is made solely to the Board of Directors of Harvey Richards & West Lettings Limited, as a body, in accordance with the terms of our engagement letter dated 28 July 2017. Our work has been undertaken solely to prepare for your approval the accounts of Harvey Richards & West Lettings Limited and state those matters that we have agreed to state to the Board of Directors of Harvey Richards & West Lettings Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Harvey Richards & West Lettings Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Harvey Richards & West Lettings Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Harvey Richards & West Lettings Limited. You consider that Harvey Richards & West Lettings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Harvey Richards & West Lettings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Attire Accounting Limited Chartered Certified Accountants 45 Granville Drive Herne Bay Kent CT6 7QZ 28 July 2022

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Harvey Richards & West Lettings Limited Statement of financial position as at 31 July 2021

2021

2020

Notes

Fixed assets

Tangible assets

1,638

2,184

Current assets

Debtors

4,028

10,929

Creditors: amounts falling due within one year

(19,207)

(17,715)

Net current liabilities

(15,179)

(6,786)

Total assets less current liabilities

(13,541)

(4,602)

Creditors: amounts falling due after more than one year

(5,000)

Net liabilities

(13,541)

(9,602)

Capital and reserves

Called up share capital

Profit and loss account

(13,546)

(9,607)

Shareholders' funds

(13,541)

(9,602)

For the year ending 31 July 2021 the company was entitled to exemption from audit 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.

The financial statements were approved by the Board and authorised for issue on 28 July 2022 and were signed on its behalf by

N Madden Director Company Registration No. 08114275

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Harvey Richards & West Lettings Limited Notes to the Accounts for the year ended 31 July 2021

Statutory information

Harvey Richards & West Lettings Limited is a private company, limited by shares, registered in England and Wales, registration number 08114275. The registered office is 6 Laver Road, Herne Bay, Kent, CT6 5FW.

Compliance with accounting standards

The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.

Accounting policies

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Basis of preparation

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

Presentation currency

The accounts are presented in £ sterling.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible fixed assets and depreciation

Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:

Computer equipment

25% reducing balance basis

Intangible fixed assets

Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill paid in connection with the acquisition of a business in 2012 is being amortised evenly over its estimated useful life of five years.

Deferred taxation

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

Leased assets

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.

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Harvey Richards & West Lettings Limited Notes to the Accounts for the year ended 31 July 2021

Intangible fixed assets

Goodwill

Cost

At 1 August 2020

60,000

At 31 July 2021

60,000

Amortisation

At 1 August 2020

60,000

At 31 July 2021

60,000

Net book value

At 31 July 2021

Tangible fixed assets

Computer equipment

Cost or valuation

At cost

At 1 August 2020

5,763

At 31 July 2021

5,763

Depreciation

At 1 August 2020

3,579

Charge for the year

546

At 31 July 2021

4,125

Net book value

At 31 July 2021

1,638

At 31 July 2020

2,184

Debtors: amounts falling due within one year

2021

2020

Trade debtors

1,145

1,491

Accrued income and prepayments

659

673

Other debtors

2,224

8,765

4,028

10,929

Creditors: amounts falling due within one year

2021

2020

Bank loans and overdrafts

10,393

12,181

VAT

1,509

Trade creditors

1,560

1,800

Taxes and social security

3,036

Other creditors

200

107

Loans from directors

2,434

Accruals

1,584

1,334

Deferred income

784

19,207

17,715

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Harvey Richards & West Lettings Limited Notes to the Accounts for the year ended 31 July 2021

Creditors: amounts falling due after more than one year

2021

2020

Bank loans

5,000

Share capital

2021

2020

Allotted, called up and fully paid:

5 Ordinary shares of £1 each

Loans to directors

Brought Forward

Advance/ credit

Repaid

Carried Forward

N Madden

Loan - Interest @ 2.5% pa

6,444

6,521

6,444

6,521

Average number of employees

During the year the average number of employees was 1 (2020: 2).

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