Harris Begley Limited - Period Ending 2016-03-31

Registration number: 04991706

Harris Begley Limited

Unaudited Abbreviated Accounts
 
for the Year Ended 31 March 2016

Harris Begley Limited

Contents

Abbreviated Balance Sheet	1
Notes to the Abbreviated Accounts	2 to 3

Harris Begley Limited

(Registration number: 04991706)
Abbreviated Balance Sheet as at 31 March 2016

	Note	2016  £		2015  £
Fixed assets
Tangible assets	2		16,816		15,936
Current assets
Debtors		30,028		11,000
Cash at bank and in hand		16,139		29,078
		46,167		40,078
Creditors: Amounts falling due within one year		(48,815)		(50,026)
Net current liabilities			(2,648)		(9,948)
Total assets less current liabilities			14,168		5,988
Provisions for liabilities			(3,363)		-
Net assets			10,805		5,988
Capital and reserves
Called up share capital	3	150		150
Profit and loss account		10,655		5,838
Shareholders funds			10,805		5,988

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 20 September 2016 and signed on its behalf by:

Mr Matthew Francis Begley
Director

Mr Ian Michael Harris
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Harris Begley Limited

Notes to the Abbreviated Accounts

1

Accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the Financial Reporting Standard for Smaller Entities (FRSSE) (effective January 2015).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	10% Reducing balance
Office equipment	35% Reducing balance
Leasehold	35% Reducing balance

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2

Fixed assets

	Tangible assets £	Total £
Cost
At 1 April 2015	46,148	46,148
Additions	5,394	5,394
At 31 March 2016	51,542	51,542
Depreciation
At 1 April 2015	30,212	30,212
Charge for the year	4,514	4,514
At 31 March 2016	34,726	34,726
Net book value
At 31 March 2016	16,816	16,816
At 31 March 2015	15,936	15,936

Page 2

Harris Begley Limited

Notes to the Abbreviated Accounts

	Tangible assets £	Total £
Cost
At 1 April 2015	46,148	46,148
Additions	5,394	5,394
At 31 March 2016	51,542	51,542
Depreciation
At 1 April 2015	30,212	30,212
Charge for the year	4,514	4,514
At 31 March 2016	34,726	34,726
Net book value
At 31 March 2016	16,816	16,816
At 31 March 2015	15,936	15,936

3

Share capital

Allotted, called up and fully paid shares

	2016		2015
	No.	£	No.	£
Ordinary A shares of £1 each	50	50	100	100
Ordinary B shares of £1 each	50	50	50	50
Ordinary C shares of £1 each	50	50	-	-
	150	150	150	150

Page 3