HARVEST_ASSOCIATES_LIMITE - Accounts

HARVEST ASSOCIATES LIMITED - Company Information

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Company Registration No. 04865181 (England and Wales)

HARVEST ASSOCIATES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

HARVEST ASSOCIATES LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

HARVEST ASSOCIATES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

18,074

4,611

Current assets

Debtors

7,516

80,690

Cash at bank and in hand

170,561

57,312

178,077

138,002

Creditors: amounts falling due within one year

(156,559)

(142,410)

Net current assets/(liabilities)

21,518

(4,408)

Total assets less current liabilities

39,592

203

Capital and reserves

Called up share capital

Profit and loss account

39,590

201

Shareholders' funds

39,592

203

HARVEST ASSOCIATES 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.

Director's 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 director acknowledges his 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 29 June 2016

P A McFarlane

Director

Company Registration No. 04865181

HARVEST ASSOCIATES 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 April 2008)

1.2

Turnover

Turnover represents net commissions and fees receivable in the normal course of business.

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:

Fixtures, fittings & equipment

15% to 25% straight line

1.4

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Fixed assets

Tangible assets

Cost

At 1 January 2015

106,295

Additions

15,880

At 31 December 2015

122,175

Depreciation

At 1 January 2015

101,684

Charge for the year

2,417

At 31 December 2015

104,101

Net book value

At 31 December 2015

18,074

At 31 December 2014

4,611

HARVEST ASSOCIATES 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

2 A Ordinary shares of £1 each

Related party relationships and transactions

Loans to directors

Transactions in relation to loans with directors during the year are outlined in the table below:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

P A McFarlane - Loan

4,500