HARRISON_SILVERDALE_LIMIT - Accounts

HARRISON - SILVERDALE LIMITED - Company Information

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Company Registration No. 01686821 (England and Wales)

HARRISON SILVERDALE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

HARRISON SILVERDALE LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

HARRISON SILVERDALE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

127,513

68,627

Current assets

Stocks

793,567

723,507

Debtors

914,095

773,140

Cash at bank and in hand

204,690

58,799

1,912,352

1,555,446

Creditors: amounts falling due within one year

(455,644)

(585,903)

Net current assets

1,456,708

969,543

Total assets less current liabilities

1,584,221

1,038,170

Creditors: amounts falling due after more than one year

(27,120)

(15,809)

Provisions for liabilities

(14,742)

(10,080)

1,542,359

1,012,281

Capital and reserves

Called up share capital

1,020

Share premium account

180

Profit and loss account

1,541,159

1,011,081

Shareholders' funds

1,542,359

1,012,281

HARRISON SILVERDALE LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 DECEMBER 2015

- 2 -

For the financial year ended 31 December 2015 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 for issue on 18 April 2016

J R Harrison

Director

Company Registration No. 01686821

HARRISON SILVERDALE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

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:

Land and buildings Leasehold

Straight line over 3-6 years

Plant and machinery

Straight line over 3-6 years

Fixtures, fittings & equipment

Straight line over 3-6 years

Motor vehicles

25% Reducing balance

1.4

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 1 January 2015

181,172

Additions

98,000

Disposals

(8,323)

At 31 December 2015

270,849

Depreciation

At 1 January 2015

112,545

On disposals

(4,865)

Charge for the year

35,656

At 31 December 2015

143,336

Net book value

At 31 December 2015

127,513

At 31 December 2014

68,627

HARRISON SILVERDALE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 4 -

Share capital

2015

2014

Allotted, called up and fully paid

1,000 Ordinary shares of £1 each

1,000

20 Ordinary B class shares of £1 each

1,020