Abbreviated Company Accounts - SUPERHARP CORPORATION LTD

SUPERHARP CORPORATION LTD - Company Information

07314435 SUPERHARP CORPORATION LTD 2016-07-31 false 2015-08-01 2016-07-31 true 07314435 2015-08-01 2016-07-31 07314435 2016-07-31 07314435 2015-07-31 07314435 uk-gaap-cd-bus:Director1 2015-08-01 2016-07-31 07314435 uk-gaap-cd-bus:Director2 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 iso4217:GBP shares

Registered Number 07314435

SUPERHARP CORPORATION LTD

Abbreviated Accounts

31 July 2016

SUPERHARP CORPORATION LTD Registered Number 07314435

Abbreviated Balance Sheet as at 31 July 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	142	213
		142	213
Current assets
Stocks		1,000	900
Debtors		-	434
Cash at bank and in hand		405	1,204
		1,405	2,538
Creditors: amounts falling due within one year	3	(9,714)	(6,729)
Net current assets (liabilities)		(8,309)	(4,191)
Total assets less current liabilities		(8,167)	(3,978)
Creditors: amounts falling due after more than one year	3	(10,557)	(11,631)
Total net assets (liabilities)		(18,724)	(15,609)
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		(18,726)	(15,611)
Shareholders' funds		(18,724)	(15,609)

For the year ending 31 July 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 25 April 2017

And signed on their behalf by:
Mr L G Hawkes, Director

SUPERHARP CORPORATION LTD Registered Number 07314435

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

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention.

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life.

Valuation information and policy
Stock is value at the lower of cost and net realisable value.

Other accounting policies
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

2Tangible fixed assets

	£
Cost
At 1 August 2015	283
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2016	283
Depreciation
At 1 August 2015	70
Charge for the year	71
On disposals	-
At 31 July 2016	141
Net book values
At 31 July 2016	142
At 31 July 2015	213

3Creditors

	2016 £	2015 £
Instalment debts due after 5 years	3,974	5,048

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2