Harrison Carloss Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 02242163 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2015

for

Harrison Carloss Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D Hope

Miss K Phillips

SECRETARY:

Miss K Phillips

REGISTERED OFFICE:

Innovation Centre

Keele University Science Park

Keele

Staffordshire

ST5 5NB

REGISTERED NUMBER:

02242163 (England and Wales)

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

16,460

26,434

16,460

26,434

CURRENT ASSETS

Stocks

88,298

35,995

Debtors

204,076

373,471

Cash at bank and in hand

376,945

117,207

669,319

526,673

CREDITORS

Amounts falling due within one year

277,707

263,736

NET CURRENT ASSETS

391,612

262,937

TOTAL ASSETS LESS CURRENT LIABILITIES

408,072

289,371

CAPITAL AND RESERVES

Called up share capital

4

18,867

18,867

Capital redemption reserve

35,767

35,767

Profit and loss account

353,438

234,737

SHAREHOLDERS' FUNDS

408,072

289,371

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 31 March 2016 and were signed on its behalf by:

Miss K Phillips - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the assumption that the company is able to carry

on business as a going concern, which the directors consider appropriate having regard to the

company's current and expected performance.

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

Turnover is stated net of VAT and trade discounts. Turnover from the supply of services represents

the value of services provided under contracts, to the extent that there is a right to consideration,

and is recorded at the value of the consideration due. Where a contract has only been partially

completed at the balance sheet date turnover represents the value of the service provided to date

based on a proportion of the total contract value.

Goodwill

The goodwill has been fully amortised.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they

relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

58,544

AMORTISATION

At 1 January 2015

and 31 December 2015

58,544

NET BOOK VALUE

At 31 December 2015

-

At 31 December 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

80,941

Disposals

(40,988

)

At 31 December 2015

39,953

DEPRECIATION

At 1 January 2015

54,507

Charge for year

4,628

Eliminated on disposal

(35,642

)

At 31 December 2015

23,493

NET BOOK VALUE

At 31 December 2015

16,460

At 31 December 2014

26,434

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

18,667

Ordinary A

£1

18,667

18,667

200

Ordinary B

£1

200

200

18,867

18,867

Particulars of rights:

Ordinary A

Full voting rights, full dividend rights, full capital distribution rights (including on winding up), no

rights of redemption.

Ordinary B

No voting rights, right to rank with the Ordinary A shares when considering the dividend level of the

company, no entitlement to any further or other participation in the profits or assets of the

company, no rights of redemption.