Harry Steer Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10959799 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2020

for

Harry Steer Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J C Gibson

REGISTERED OFFICE:

149 Draycott Road

Breaston

Derbyshire

DE72 3DB

REGISTERED NUMBER:

10959799 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

CURRENT ASSETS

Stocks

34,000

32,312

Debtors

4

52,241

76,297

Cash at bank

56,028

51,234

142,269

159,843

CREDITORS

Amounts falling due within one year

5

175,198

150,293

NET CURRENT (LIABILITIES)/ASSETS

(32,929

)

9,550

TOTAL ASSETS LESS CURRENT LIABILITIES

(32,929

)

9,550

CREDITORS

Amounts falling due after more than one year

6

46,498

-

NET (LIABILITIES)/ASSETS

(79,427

)

9,550

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(79,428

)

9,549

SHAREHOLDERS' FUNDS

(79,427

)

9,550

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 September 2021 and were signed by:

J C Gibson - Director

1.	STATUTORY INFORMATION

Harry Steer Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, including where applicable, relevant costs and overheads plus attributable profit to date recoverable on contracts. Turnover is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the agreed upon payment will be received.

Grants

Grant income is recognised in the same period as the expenditure to which it relates.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2019 - 13 ) .

4.

DEBTORS

2020

2019

£

£

Amounts falling due within one year:

Trade debtors

-

62,468

Other debtors

24,846

-

Tax

1,341

1,341

Prepayments

5,054

12,488

31,241

76,297

Amounts falling due after more than one year:

Deferred tax

21,000

-

Aggregate amounts

52,241

76,297

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts

3,502

-

Trade creditors

43,033

35,266

Tax

-

3,581

Social security and other taxes

6,074

30,475

Other creditors

68,722

68,722

Director's current account

49,971

4,802

Accrued expenses

3,896

7,447

175,198

150,293

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Bank loan

46,498

-