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 2014

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 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

5,773

4,474

Current assets

Debtors

22,301

12,449

Cash at bank and in hand

216,810

101,534

239,111

113,983

Creditors: amounts falling due within one year

(73,199)

(34,337)

Net current assets

165,912

79,646

Total assets less current liabilities

171,685

84,120

Provisions for liabilities

(1,155)

(895)

170,530

83,225

Capital and reserves

Called up share capital

Profit and loss account

170,528

83,223

Shareholders' funds

170,530

83,225

For the financial year ended 5 April 2014 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 20 August 2014

Sir Ronald Harwood

Director

Company Registration No. 00720542

RONALD HARWOOD LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2014

- 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 2013

48,685

Additions

2,318

At 5 April 2014

51,003

Depreciation

At 6 April 2013

44,211

Charge for the year

1,019

At 5 April 2014

45,230

Net book value

At 5 April 2014

5,773

At 5 April 2013

4,474

RONALD HARWOOD LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

2 Ordinary of £1 each