Harrow & Hope Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04718208 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Harrow & Hope Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs K Laithwaite

Mr H J H Laithwaite

SECRETARY:

Mrs K Laithwaite

REGISTERED OFFICE:

Marlow Winery Pump

Lane North

Marlow

Buckinghamshire

SL7 3RD

REGISTERED NUMBER:

04718208 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

Chartered Accountants

5a Frascati Way

Maidenhead

Berkshire

SL6 4UY

FIXED ASSETS

Tangible assets

2

745,864

799,108

CURRENT ASSETS

Stocks

237,933

112,949

Debtors

90,872

7,183

Cash at bank

22,712

3,504

351,517

123,636

CREDITORS

Amounts falling due within one year

(1,444,769

)

(1,246,155

)

NET CURRENT LIABILITIES

(1,093,252

)

(1,122,519

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(347,388

)

(323,411

)

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

(347,389

)

(323,412

)

SHAREHOLDERS' FUNDS

(347,388

)

(323,411

)

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 27 September 2016 and were signed on its behalf by:

Mrs K Laithwaite - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts are prepared on a going concern basis as in the opinion of the directors the company

has sufficient finance available to it to meet its obligations as they fall due for the foreseeable

future, that is at least 12 months from the date of approval of the accounts.

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 amounts chargeable in respect of the sale of goods and services to customers,

excluding value added tax.

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

-

10% on cost

Fixtures and fittings

-

20% on cost

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 difference that have originated but not reversed at

the balance sheet date, where transactions or events that result in an obligation to pay more or a

right to pay less tax in the future have occured by the balance sheet date with certain limited

expectations.

Deferred tax is calculated on an undiscounted basis at the tax rates that are expected to apply in the

periods in which the timing differences are expected to reverse, based on the tax rates and laws

enacted or substantively enacted 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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

941,083

Additions

44,171

At 31 December 2015

985,254

DEPRECIATION

At 1 January 2015

141,975

Charge for year

97,415

At 31 December 2015

239,390

NET BOOK VALUE

At 31 December 2015

745,864

At 31 December 2014

799,108

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

£

1

Ordinary

£1

1

1