Harvey Richards & West Lettings Limited

Harvey Richards & West Lettings Limited

HARVEY RICHARDS & WEST LETTINGS LIMITED - Company Information

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1 August 2019 false No description of principal activity Taxfiler 2021.8 08114275business:PrivateLimitedCompanyLtd2019-08-012020-07-31 081142752019-07-31 081142752019-08-012020-07-31 08114275business:AuditExemptWithAccountantsReport2019-08-012020-07-31 08114275business:FullAccounts2019-08-012020-07-31 081142752020-07-31 08114275business:Director12019-08-012020-07-31 08114275business:RegisteredOffice2019-08-012020-07-31 081142752019-07-31 08114275core:WithinOneYear2020-07-31 08114275core:WithinOneYear2019-07-31 08114275core:AfterOneYear2020-07-31 08114275core:AfterOneYear2019-07-31 08114275core:ShareCapital2020-07-31 08114275core:ShareCapital2019-07-31 08114275core:RetainedEarningsAccumulatedLosses2020-07-31 08114275core:RetainedEarningsAccumulatedLosses2019-07-31 08114275business:SmallEntities2019-08-012020-07-31 08114275countries:EnglandWales2019-08-012020-07-31 08114275core:ComputerEquipment2019-08-012020-07-31 08114275core:Goodwill2019-07-31 08114275core:Goodwill2020-07-31 08114275core:ComputerEquipment2019-07-31 08114275core:ComputerEquipment2020-07-31 08114275business:OrdinaryShareClass12019-08-012020-07-31 08114275business:OrdinaryShareClass12018-08-012019-07-31 08114275business:Director112019-08-012020-07-31 08114275business:Director112019-07-31 08114275business:Director112020-07-31 081142752018-08-012019-07-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 08114275 (England and Wales)
Harvey Richards & West Lettings Limited Unaudited accounts for the year ended 31 July 2020
Harvey Richards & West Lettings Limited Unaudited accounts Contents
Page
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Harvey Richards & West Lettings Limited Company Information for the year ended 31 July 2020
Director
N Madden
Company Number
08114275 (England and Wales)
Registered Office
6 Laver Road Herne Bay Kent CT6 5FW
Accountants
Attire Accounting Limited 45 Granville Drive Herne Bay Kent CT6 7QZ
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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 2020
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 2020 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 19 July 2021
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Harvey Richards & West Lettings Limited Statement of financial position as at 31 July 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Tangible assets
5
2,184 
1,082 
Current assets
Debtors
6
10,929 
9,798 
Cash at bank and in hand
- 
2,643 
10,929 
12,441 
Creditors: amounts falling due within one year
7
(17,715)
(10,688)
Net current (liabilities)/assets
(6,786)
1,753 
Total assets less current liabilities
(4,602)
2,835 
Creditors: amounts falling due after more than one year
8
(5,000)
(11,667)
Net liabilities
(9,602)
(8,832)
Capital and reserves
Called up share capital
9
5 
5 
Profit and loss account
(9,607)
(8,837)
Shareholders' funds
(9,602)
(8,832)
For the year ending 31 July 2020 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 19 July 2021 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 2020
1
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.
2
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.
3
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 2020
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 August 2019
60,000 
At 31 July 2020
60,000 
Amortisation
At 1 August 2019
60,000 
At 31 July 2020
60,000 
Net book value
At 31 July 2020
- 
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 August 2019
3,932 
Additions
1,831 
At 31 July 2020
5,763 
Depreciation
At 1 August 2019
2,850 
Charge for the year
729 
At 31 July 2020
3,579 
Net book value
At 31 July 2020
2,184 
At 31 July 2019
1,082 
6
Debtors: amounts falling due within one year
2020 
2019 
£ 
£ 
Trade debtors
1,491 
606 
Accrued income and prepayments
673 
613 
Other debtors
8,765 
8,579 
10,929 
9,798 
7
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
Bank loans and overdrafts
12,181 
6,667 
VAT
1,509 
1,408 
Trade creditors
1,800 
548 
Other creditors
107 
583 
Accruals
1,334 
1,482 
Deferred income
784 
- 
17,715 
10,688 
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Harvey Richards & West Lettings Limited Notes to the Accounts for the year ended 31 July 2020
8
Creditors: amounts falling due after more than one year
2020 
2019 
£ 
£ 
Bank loans
5,000 
11,667 
9
Share capital
2020 
2019 
£ 
£ 
Allotted, called up and fully paid:
5 Ordinary shares of £1 each
5 
5 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
N Madden
Loan - Interest @ 2.5% pa
6,789 
83 
428 
6,444 
6,789 
83 
428 
6,444 
11
Average number of employees
During the year the average number of employees was 2 (2019: 2).
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