Harkin Associates Limited - Accounts to registrar (filleted) - small 18.2

Harkin Associates Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 10708103 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2021

for

Harkin Associates Limited

Harkin Associates Limited (Registered number: 10708103)






Contents of the Financial Statements
for the Year Ended 31 March 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Harkin Associates Limited

Company Information
for the Year Ended 31 March 2021







DIRECTORS: Mr M F Harkin
Mrs I M Harkin





REGISTERED OFFICE: 3b Lockheed Court
Stockton on Tees
TS18 3SH





REGISTERED NUMBER: 10708103 (England and Wales)





ACCOUNTANTS: JBC Accountants Limited
Chartered Accountants
3B Lockheed Court
Preston Farm
Stockton on Tees
TS18 3SH

Harkin Associates Limited (Registered number: 10708103)

Balance Sheet
31 March 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,263 1,895

CURRENT ASSETS
Debtors 5 69,362 58,520
Cash at bank 563 2,253
69,925 60,773
CREDITORS
Amounts falling due within one year 6 34,926 52,774
NET CURRENT ASSETS 34,999 7,999
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,262

9,894

CREDITORS
Amounts falling due after more than one
year

7

25,000

-
NET ASSETS 11,262 9,894

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 11,252 9,884
11,262 9,894

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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.

Harkin Associates Limited (Registered number: 10708103)

Balance Sheet - continued
31 March 2021


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 Board of Directors and authorised for issue on 2 November 2021 and were signed on its behalf by:





Mr M F Harkin - Director


Harkin Associates Limited (Registered number: 10708103)

Notes to the Financial Statements
for the Year Ended 31 March 2021

1. STATUTORY INFORMATION

Harkin Associates 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account.

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Current and deferred tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 2 ) .

Harkin Associates Limited (Registered number: 10708103)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2021

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2020
and 31 March 2021 3,159
DEPRECIATION
At 1 April 2020 1,264
Charge for year 632
At 31 March 2021 1,896
NET BOOK VALUE
At 31 March 2021 1,263
At 31 March 2020 1,895

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 13,522 5,017
Other debtors 55,840 53,503
69,362 58,520

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 3,735 3,339
Taxation and social security 23,852 16,612
Other creditors 7,339 32,823
34,926 52,774

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Other creditors 25,000 -