HARVEY PAINTING & DECORATING LTD Accounts filed on 30-06-2015

HARVEY PAINTING & DECORATING LTD - Company Information

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HARVEY PAINTING & DECORATING LTD

Company Registration Number:
08111197 (England and Wales)

Report of the Directors and Unaudited Financial Statements

Period of accounts

Start date: 01st July 2014

End date: 30th June 2015

SUBMITTED

Contents of the Financial Statements
for the Period Ended 30th June 2015


Company Information
Report of the Directors
Profit and Loss Account
Gains and Losses
Balance sheet
Notes to the Financial Statements

Company Information
for the Period Ended 30th June 2015

Director:		A Teasdale
		J Teasdale



Company secretary:		J Teasdale



Registered office:		9 Millers Dale Drive
		South Normanton

		Alfreton
		Derbyshire
		DE55 2LG




Company Registration Number:		08111197 (England and Wales)

Directors' Report Period Ended 30th June 2015

The directors present their report with the financial statements of the company for the period ended 30th June 2015

Principal activities
The principal activity of the company in the period under review was:
The principal activity of the company during the year was that of painting and decorating contractors.

Directors
The directors shown below have held office during the whole of the period from
01st July 2014 to 30th June 2015
A Teasdale
J Teasdale

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on 30 October 2015
And Signed On Behalf Of The Board By:

Name: A Teasdale
Status: Director

Profit and Loss Account

for the Period Ended 30th June 2015

	Notes	2015 £	2014 £
Turnover:		251,554	210,289
Cost of sales:		62,640	64,010
Gross profit or (loss):		188,914	146,279
Administrative expenses:	3,	115,047	112,057
Operating profit or (loss):	2	73,867	34,222
Interest receivable and similar income:		42	43
Profit or (loss) on ordinary activities before taxation:		73,909	34,265
Profit or (loss) for the financial year:		60,323	24,437

The notes form part of these financial statements

Statement of total recognised gains and losses
30th June 2015

Statement of total recognised gains and losses

The company does not have any gains and losses other than Profit and Loss for the period to report.

The notes form part of these financial statements

Balance sheet
As at 30th June 2015

	Notes	2015 £	2014 £
Fixed assets
Intangible assets:	5	98,000	112,000
Tangible assets:	6	26,034	959
Total fixed assets:		124,034	112,959
Current assets
Debtors:	7	39,501	35,530
Cash at bank and in hand:		55,204	58,411
Total current assets:		94,705	93,941
Creditors: amounts falling due within one year	8	150,254	168,738
Net current assets (liabilities):		( 55,549 )	( 74,797 )
Total assets less current liabilities:		68,485	38,162
Total net assets (liabilities):		68,485	38,162

The notes form part of these financial statements

Balance sheet
As at 30th June 2015
continued

	Notes	2015 £	2014 £
Capital and reserves
Called up share capital:	9	100	100
Profit and Loss account:	10	68,385	38,062
Total shareholders funds:		68,485	38,162

For the year ending 30 June 2015 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors on 30 October 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: A Teasdale
Status: Director

The notes form part of these financial statements

Notes to the Financial Statements
for the Period Ended 30th June 2015

1. Accounting policies

Basis of measurement and preparation of accounts

The accounts have been prepared under the historical cost convention.

Turnover policy

Turnover is the amount receivable by the company in the ordinary course of business for goods and services supplied during the year net of VAT.

Tangible fixed assets depreciation policy

Plant & Machinery 20% reducing balance. Office Equipment 20% reducing balance. Motor Vehicles 25% reducing balance. Buildings 15% reducing balance. (Office Portacabin).

Intangible fixed assets amortisation policy

Goodwill 10% straight line.

Notes to the Financial Statements
for the Period Ended 30th June 2015

2 . Operating profit or (loss)

Operating profit or (loss) before tax as stated after charging the following.

	2015	2014
	£	£
Depreciation - owned assets:	7,930	195
Amortisation of goodwill:	14,000	14,000

Notes to the Financial Statements
for the Period Ended 30th June 2015

3 . Directors' remuneration

	2015	2014
	£	£
Directors' remuneration:	25,483	25,532
TOTAL:	25,483	25,532

Notes to the Financial Statements
for the Period Ended 30th June 2015

4. Dividends

	2015	2014
	£	£
Dividends paid on ordinary shares:	30,000	20,000
Total dividends paid:	30,000	20,000

Notes to the Financial Statements
for the Period Ended 30th June 2015

5. Intangible assets

	Goodwill	Other	Total
Cost	£	£	£
At 01st July 2014:	140,000	-	140,000
At 30th June 2015:	140,000	-	140,000

Amortisation	£	£	£
At 01st July 2014:	28,000	-	28,000
Provided during the period:	14,000	-	14,000
At 30th June 2015:	42,000	-	42,000

Net book value	£	£	£
At 30th June 2015:	98,000	-	98,000
At 30th June 2014:	112,000	-	112,000

Notes to the Financial Statements
for the Period Ended 30th June 2015

6. Tangible assets

	Land and buildings	Plant Machinery	Fixtures and fittings	Office Equipment	Motor vehicles	Total
Cost	£	£	£	£	£	£
At 01st July 2014:	0	564	-	874	3	1,441
Additions:	4,650	-	-	937	27,419	33,006
Disposals:	-	-	-	-	1	1
At 30th June 2015:	4,650	564	-	1,811	27,421	34,446
Depreciation
At 01st July 2014:	0	203	-	279	0	482
Charge for year:	697	72	-	307	6,854	7,930
At 30th June 2015:	697	275	-	586	6,854	8,412
Net book value
At 30th June 2015:	3,953	289	-	1,225	20,567	26,034
At 30th June 2014:	0	361	-	595	3	959

Notes to the Financial Statements
for the Period Ended 30th June 2015

7. Debtors

	2015	2014
	£	£
Trade debtors:	38,088	34,162
Prepayments and accrued income:	1,413	1,368
Total:	39,501	35,530

Notes to the Financial Statements
for the Period Ended 30th June 2015

8. Creditors: amounts falling due within one year

	2015	2014
	£	£
Trade creditors:	2,797	5,304
Taxation and social security:	21,077	16,069
Accruals and deferred income:	654	683
Other creditors:	125,726	146,682
Total:	150,254	168,738

Notes to the Financial Statements
for the Period Ended 30th June 2015

9. Called up share capital

Allotted, called up and paid

Previous period			2014
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	100	1.00 1.00	100
Total share capital:			100

Current period			2015
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	100	1.00 1.00	100
Total share capital:			100

Notes to the Financial Statements
for the Period Ended 30th June 2015

10. Profit and loss account

	2015	2014
	£	£
Opening balance:	38,062	33,625
Profit or (loss) for the period:	60,323	24,437
Equity dividends paid:	30,000	20,000
Retained profit:	68,385	38,062

HARVEY PAINTING & DECORATING LTD Accounts filed on 30-06-2015