Harbil Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04362368 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

Harbil Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M R Mitchell

Mrs A J Mitchell

SECRETARY:

Mrs A J Mitchell

REGISTERED OFFICE:

14a Albany Road

Weymouth

Dorset

DT4 9TH

REGISTERED NUMBER:

04362368 (England and Wales)

ACCOUNTANTS:

Advoco

Chartered Certified Accountants

Chartered Tax Advisers

14a Albany Road

Weymouth

Dorset

DT4 9TH

FIXED ASSETS

Intangible assets

2

35,664

38,212

Tangible assets

3

7,371

8,758

43,035

46,970

CURRENT ASSETS

Stocks

1,250

1,900

Debtors

1,000

Cash at bank and in hand

8,011

5,046

10,261

7,946

CREDITORS

Amounts falling due within one
year

13,357

13,061

NET CURRENT LIABILITIES

(3,096

)

(5,115

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

39,939

41,855

PROVISIONS FOR LIABILITIES

1,057

1,243

NET ASSETS

38,882

40,612

CAPITAL AND RESERVES

Called up share capital

4

2,000

Profit and loss account

36,882

38,612

SHAREHOLDERS' FUNDS

38,882

40,612

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 2 November 2016
and were signed on its behalf by:

M R Mitchell - Director

Mrs A J Mitchell - 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 2002, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

Equipment

-

15% on reducing balance

Computer equipment

-

33% 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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

50,952

AMORTISATION

At 1 April 2015

12,740

Amortisation for year

2,548

At 31 March 2016

15,288

NET BOOK VALUE

At 31 March 2016

35,664

At 31 March 2015

38,212

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

32,274

DEPRECIATION

At 1 April 2015

23,516

Charge for year

1,387

At 31 March 2016

24,903

NET BOOK VALUE

At 31 March 2016

7,371

At 31 March 2015

8,758

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1,000

Ordinary "A"

£1.00

1,000

Ordinary "B"

£1.00

1,000

2,000