Harkers Logistics Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06749892 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

FOR

HARKERS LOGISTICS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr K Harker

Mrs J Harker

REGISTERED OFFICE:

Regional Distribution Centre

Riverside Road

Southwick

Sunderland

Tyne and Wear

SR5 3JG

REGISTERED NUMBER:

06749892 (England and Wales)

ACCOUNTANTS:

Robson Laidler Accountants Limited

Fernwood House

Fernwood Road

Jesmond

Newcastle upon Tyne

NE2 1TJ

CURRENT ASSETS

Stocks

46,699

40,855

Debtors

846,379

643,987

Cash at bank and in hand

95,433

111,675

988,511

796,517

CREDITORS

Amounts falling due within one year

823,044

676,782

NET CURRENT ASSETS

165,467

119,735

TOTAL ASSETS LESS CURRENT
LIABILITIES

165,467

119,735

CAPITAL AND RESERVES

Called up share capital

2

Profit and loss account

165,465

119,733

SHAREHOLDERS' FUNDS

165,467

119,735

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 8 March 2017 and were signed on its behalf by:

Mr K Harker - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis on the grounds that current and future

sources of funding or support will be more than adequate for the company's needs. The directors have

considered a period of twelve months from the date of approval of the financial statements and believe that no

further disclosures relating to the company's ability to continue as a going concern need to be made in the

financial statements.

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 services of removal fees and storage, excluding value added tax.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2

3.	ULTIMATE PARENT COMPANY

Harkers Logistics Limited is a 100% owned subsidiary of Angel Distribution Limited.