Harvey's of Yarmouth Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07776919 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 October 2015

for

Harvey's of Yarmouth Limited

Page

Company Information

1

Chartered Certified Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTOR:

D C Harvey

SECRETARY:

D C Harvey

REGISTERED OFFICE:

Macketts Farm

Macketts Lane

Hale Common

Arreton

Isle of Wight

PO30 3AS

REGISTERED NUMBER:

07776919 (England and Wales)

ACCOUNTANTS:

Evolution ABS Limited

Chartered Certified Accountants

Oake House

Silver Street

West Buckland

Wellington

Somerset

TA21 9LR

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to six)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Harvey's of Yarmouth Limited for the year ended 31 October 2015 which comprise the Profit

and Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Harvey's of Yarmouth Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Harvey's of Yarmouth Limited and state those matters that we have agreed to state to the director of Harvey's of Yarmouth Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Harvey's of Yarmouth Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Harvey's of Yarmouth Limited. You consider that Harvey's of Yarmouth Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Harvey's of Yarmouth Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Evolution ABS Limited

Chartered Certified Accountants

Oake House

Silver Street

West Buckland

Wellington

Somerset

TA21 9LR

29 July 2016

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

97,124

142,996

97,124

142,996

CURRENT ASSETS

Stocks

43,800

34,708

Debtors

71,343

67,449

Cash at bank and in hand

16,195

56,369

131,338

158,526

CREDITORS

Amounts falling due within one year

194,726

308,693

NET CURRENT LIABILITIES

(63,388

)

(150,167

)

TOTAL ASSETS LESS CURRENT LIABILITIES

33,736

(7,171

)

PROVISIONS FOR LIABILITIES

16,374

18,492

NET ASSETS/(LIABILITIES)

17,362

(25,663

)

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

17,262

(25,763

)

SHAREHOLDERS' FUNDS

17,362

(25,663

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 29 July 2016 and were signed by:

D C Harvey - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in September 2011, is being

amortised over its useful life of 2 years.

Tangible fixed assets

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

Improvements to property

-

10% on cost

Plant and machinery

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

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

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

and 31 October 2015

4,800

AMORTISATION

At 1 November 2014

and 31 October 2015

4,800

NET BOOK VALUE

At 31 October 2015

-

At 31 October 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

167,684

Additions

1,100

Disposals

(37,825

)

At 31 October 2015

130,959

DEPRECIATION

At 1 November 2014

24,688

Charge for year

12,930

Eliminated on disposal

(3,783

)

At 31 October 2015

33,835

NET BOOK VALUE

At 31 October 2015

97,124

At 31 October 2014

142,996

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

1

100

100