Abbreviated Company Accounts - CLIVE HARRISON LIMITED

Abbreviated Company Accounts - CLIVE HARRISON LIMITED


Registered Number 07728141

CLIVE HARRISON LIMITED

Abbreviated Accounts

31 March 2016

CLIVE HARRISON LIMITED Registered Number 07728141

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 8,000 8,500
Tangible assets 3 111,869 104,879
119,869 113,379
Current assets
Stocks 12,500 12,500
Debtors 22,277 29,466
Cash at bank and in hand 277,049 148,247
311,826 190,213
Creditors: amounts falling due within one year (157,064) (132,504)
Net current assets (liabilities) 154,762 57,709
Total assets less current liabilities 274,631 171,088
Provisions for liabilities (4,762) (3,269)
Total net assets (liabilities) 269,869 167,819
Capital and reserves
Called up share capital 1 1
Profit and loss account 269,868 167,818
Shareholders' funds 269,869 167,819
  • 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 December 2016

And signed on their behalf by:
C Harrison, Director

CLIVE HARRISON LIMITED Registered Number 07728141

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

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

Tangible assets depreciation policy
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
Plant and machinery 20 % reducing balance
Motor vehicles 20% reducing balance

Intangible assets amortisation policy
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over
its useful economic life. It is reviewed for impairment at the end of the first full financial year following the
acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be
recoverable.
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over
their expected useful economic life as follows:
Asset class Amortisation method and rate
Goodwill 20 years straight line

2Intangible fixed assets
£
Cost
At 1 April 2015 10,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2016 10,000
Amortisation
At 1 April 2015 1,500
Charge for the year 500
On disposals -
At 31 March 2016 2,000
Net book values
At 31 March 2016 8,000
At 31 March 2015 8,500
3Tangible fixed assets
£
Cost
At 1 April 2015 111,999
Additions 12,262
Disposals -
Revaluations -
Transfers -
At 31 March 2016 124,261
Depreciation
At 1 April 2015 7,120
Charge for the year 5,272
On disposals -
At 31 March 2016 12,392
Net book values
At 31 March 2016 111,869
At 31 March 2015 104,879