H R Harris & Partners (2010) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07208904 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 31 MARCH 2014 TO 31 MARCH 2015

FOR

H R HARRIS & PARTNERS (2010) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

G W Muxworthy FCCA, PGDA

J M Evans BSc, ACA, MABRP

S J Burkinshaw FCA, FABRP

M J Hammond

REGISTERED OFFICE:

Private and confidential

GW Muxworthy

44 St Helens Road

Swansea

SA1 4BB

REGISTERED NUMBER:

07208904 (England and Wales)

FIXED ASSETS

Intangible assets

2

650,000

650,000

Tangible assets

3

4,497

5,391

654,497

655,391

CURRENT ASSETS

Stocks

220,500

150,500

Debtors

607,354

614,551

Cash at bank and in hand

94,456

74,156

922,310

839,207

CREDITORS

Amounts falling due within one year

327,343

193,862

NET CURRENT ASSETS

594,967

645,345

TOTAL ASSETS LESS CURRENT LIABILITIES

1,249,464

1,300,736

PROVISIONS FOR LIABILITIES

138

85

NET ASSETS

1,249,326

1,300,651

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

1,249,226

1,300,551

SHAREHOLDERS' FUNDS

1,249,326

1,300,651

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 24 August 2015 and were signed on its behalf by:

G W Muxworthy FCCA, PGDA - Director

J M Evans BSc, ACA, MABRP - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents the amounts derived from ordinary activities, and stated after trade discounts,

other sales taxes and net of vat, for the provision of accountancy services, insolvency services,

commission received and business advice.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of HR Harris & Partners. This is to

be included in the balance sheet at its current valuation, being re-valued at every balance sheet date.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

50% on reducing balance and 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

Employer-financed retirement benefit scheme (efrbs)

The company has established trusts for the benefit of employees and persons connected with them.

Monies held in these trusts are held by independent trustees and managed at their discretion. The

trustees are empowered to provide both retirement and other employee benefits.

Where the company retains future economic benefit from, and has de facto control of the assets and

liabilities of the trust, they are accounted for as assets and liabilities of the company until the earlier of

the date that an allocation of trust fund to employees in respect of past services is declared and the

date that assets of the trust vest in identified individuals.

Where monies held in trust are determined by the company on the basis of employees' past services

to the business and the company can obtain no future economic benefit from those monies, such

monies, whether in the trust or accrued for by the company are charged to the profit and loss account

in the period to which they relate.

Where monies held in trust are determined by the company on the basis of employees' past services

to the business and are payable after the completion of the employment, such monies are charged to

the profit and loss account in th period during which services are rendered by employees.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 31 March 2014

and 31 March 2015

650,000

NET BOOK VALUE

At 31 March 2015

650,000

At 30 March 2014

650,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 31 March 2014

19,559

Additions

1,991

At 31 March 2015

21,550

DEPRECIATION

At 31 March 2014

14,168

Charge for period

2,885

At 31 March 2015

17,053

NET BOOK VALUE

At 31 March 2015

4,497

At 30 March 2014

5,391

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Interest is charged on directors loan accounts.