HARGRAY PROPERTIES LIMITED - Abbreviated accounts

HARGRAY PROPERTIES LIMITED - Company Information

Registered number

04252575

HARGRAY PROPERTIES LIMITED

Abbreviated Accounts

31 July 2016

HARGRAY PROPERTIES LIMITED
Registered number:		04252575
Abbreviated Balance Sheet
as at 31 July 2016

Notes			2016			2015
£				£
Current assets
Debtors		-			9,586
Cash at bank and in hand		1,830			540
		1,830			10,126

Creditors: amounts falling due within one year		(1,617)			(2,294)

Net current assets			213			7,832

Net assets			213			7,832

Capital and reserves
Called up share capital	2		2			2
Profit and loss account			211			7,830

Shareholder's funds			213			7,832

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Mrs Denise Lawson
Director
Approved by the board on 24 February 2017

HARGRAY PROPERTIES LIMITED
Notes to the Abbreviated Accounts
for the year ended 31 July 2016

1	Accounting policies

	Basis of preparation
	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
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			20% straight line
	Motor vehicles			25% straight line

	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

	Pensions
	The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.


2	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		-		2		2