RONALD_HARWOOD_LIMITED - Accounts

RONALD HARWOOD LIMITED - Company Information

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Company Registration No. 00720542 (England and Wales)

RONALD HARWOOD LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2015

RONALD HARWOOD LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

RONALD HARWOOD LIMITED

ABBREVIATED BALANCE SHEET

AS AT

5 APRIL 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

4,907

5,773

Current assets

Debtors

17,788

22,301

Cash at bank and in hand

129,959

216,810

147,747

239,111

Creditors: amounts falling due within one year

(75,563)

(73,199)

Net current assets

72,184

165,912

Total assets less current liabilities

77,091

171,685

Provisions for liabilities

(982)

(1,155)

76,109

170,530

Capital and reserves

Called up share capital

Profit and loss account

76,107

170,528

Shareholders' funds

76,109

170,530

For the financial year ended 5 April 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 22 July 2015

Sir Ronald Harwood

Director

Company Registration No. 00720542

RONALD HARWOOD LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

- 15% on reducing balance

1.5

Deferred taxation

Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.6

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Fixed assets

Tangible assets

Cost

At 6 April 2014 & at 5 April 2015

51,003

Depreciation

At 6 April 2014

45,230

Charge for the year

866

At 5 April 2015

46,096

Net book value

At 5 April 2015

4,907

At 5 April 2014

5,773

RONALD HARWOOD LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

2 Ordinary of £1 each