Abbreviated Company Accounts - MARK HARRIS FURNITURE LIMITED

MARK HARRIS FURNITURE LIMITED - Company Information

05578652 MARK HARRIS FURNITURE LIMITED 2013-10-31 false 2012-11-01 2013-10-31 true 05578652 2012-11-01 2013-10-31 05578652 2013-10-31 05578652 2012-10-31 05578652 uk-gaap-cd-bus:Director1 2012-11-01 2013-10-31 05578652 uk-gaap-cd-bus:Director2 2012-11-01 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-11-01 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-10-31 iso4217:GBP shares

Registered Number 05578652

MARK HARRIS FURNITURE LIMITED

Abbreviated Accounts

31 October 2013

MARK HARRIS FURNITURE LIMITED Registered Number 05578652

Abbreviated Balance Sheet as at 31 October 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	23,964	4,896
		23,964	4,896
Current assets
Stocks		560,000	436,000
Debtors		33,184	39,111
Cash at bank and in hand		559,285	89,700
		1,152,469	564,811
Creditors: amounts falling due within one year	3	(528,709)	(287,708)
Net current assets (liabilities)		623,760	277,103
Total assets less current liabilities		647,724	281,999
Creditors: amounts falling due after more than one year	3	(218,900)	0
Total net assets (liabilities)		428,824	281,999
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		428,724	281,899
Shareholders' funds		428,824	281,999

For the year ending 31 October 2013 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.

Approved by the Board on 20 July 2014

And signed on their behalf by:
J Harris, Director

MARK HARRIS FURNITURE LIMITED Registered Number 05578652

Notes to the Abbreviated Accounts for the period ended 31 October 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant and machinery - 25% reducing-balance
Fixtures, fittings and equipment - 25% reducing-balance
Website cost - over 6 years

Other accounting policies
Stock
Stock is valued at the lower of cost and net realisable value.

Pensions
The pension costs charged in the financial statements represent the contribution payable by the company during the year.
The regular cost of providing retirement pensions and related benefits is charged to the profit and loss account over the employees' service lives on the basis of a constant percentage of earnings.

Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the transactions. All differences are taken to the Profit and Loss account.

2Tangible fixed assets

	£
Cost
At 1 November 2012	11,285
Additions	24,433
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2013	35,718
Depreciation
At 1 November 2012	6,389
Charge for the year	5,365
On disposals	-
At 31 October 2013	11,754
Net book values
At 31 October 2013	23,964
At 31 October 2012	4,896

3Creditors

	2013 £	2012 £
Secured Debts	218,900	0

4Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
100 Ordinary shares of £1 each	100	100