Harlequin Decorating Contractors Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 03352820 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2015

for

Harlequin Decorating Contractors Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

K W Little

E J Gordon

T J Gordon

E T Little

SECRETARY:

E J Gordon

REGISTERED OFFICE:

Unit 21 Hobley Drive

SWINDON

Wiltshire

SN3 4NS

REGISTERED NUMBER:

03352820 (England and Wales)

ACCOUNTANTS:

Monahans

Chartered Accountants

38-42 Newport Street

Swindon

Wiltshire

SN1 3DR

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

108,501

111,505

108,501

111,505

CURRENT ASSETS

Debtors

5,929

315

Cash at bank

10,112

6,609

16,041

6,924

CREDITORS

Amounts falling due within one year

4

15,143

14,992

NET CURRENT ASSETS/(LIABILITIES)

898

(8,068

)

TOTAL ASSETS LESS CURRENT LIABILITIES

109,399

103,437

CREDITORS

Amounts falling due after more than one year

4

9,670

20,183

NET ASSETS

99,729

83,254

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

99,629

83,154

SHAREHOLDERS' FUNDS

99,729

83,254

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2015 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 8 March 2016 and were signed on its behalf by:

E J Gordon - Director

K W Little - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Revenue represents amounts chargeable to clients for decorating services provided during the year, and is

exclusive of value added tax. Revenue is recognised as services are provided to clients based on the extent of

performance of contractual obligations and the agreed rate for these services. To the extent that fees are

recognised in advance of the client being billed they are included in debtors.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of two businesses in 2002, was written off

evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on straight line basis

Fixtures and fittings

-

10% on straight line basis

Computer equipment

-

33% on straight line basis

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rent receivable

Rent receivable is recognised in respect of rent due.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

and 30 April 2015

400,000

AMORTISATION

At 1 May 2014

and 30 April 2015

400,000

NET BOOK VALUE

At 30 April 2015

-

At 30 April 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

and 30 April 2015

149,683

DEPRECIATION

At 1 May 2014

38,178

Charge for year

3,004

At 30 April 2015

41,182

NET BOOK VALUE

At 30 April 2015

108,501

At 30 April 2014

111,505

4.

CREDITORS

Creditors include an amount of £ 20,370 (2014 - £ 30,883 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

4

Ordinary

£25

100

100

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2015 and

30 April 2014:

2015

2014

£

£

E J Gordon and T J Gordon

Balance outstanding at start of year

-

13,850

Amounts advanced

291

-

Amounts repaid

-

(13,850

)

Balance outstanding at end of year

291

-

K W Little and E T Little

Balance outstanding at start of year

-

13,850

Amounts advanced

291

-

Amounts repaid

-

(13,850

)

Balance outstanding at end of year

291

-