W Harradine & Sons Limited - Accounts to registrar - small 17.1.1
W Harradine & Sons Limited - Accounts to registrar - small 17.1.1
| REGISTERED NUMBER: |
| Financial Statements |
| for the Year Ended 31 March 2017 |
| for |
| W HARRADINE & SONS LIMITED |
| W HARRADINE & SONS LIMITED (REGISTERED NUMBER: 00546622) |
| Contents of the Financial Statements |
| for the Year Ended 31 MARCH 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Report of the Accountants | 7 |
| W HARRADINE & SONS LIMITED |
| Company Information |
| for the Year Ended 31 MARCH 2017 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 49 Grampian Way |
| Oulton |
| Lowestoft |
| Suffolk |
| NR32 3EP |
| W HARRADINE & SONS LIMITED (REGISTERED NUMBER: 00546622) |
| Balance Sheet |
| 31 MARCH 2017 |
| 31.3.17 | 31.3.16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
| PROVISIONS FOR LIABILITIES | 9 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| W HARRADINE & SONS LIMITED (REGISTERED NUMBER: 00546622) |
| Balance Sheet - continued |
| 31 MARCH 2017 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director on |
| W HARRADINE & SONS LIMITED (REGISTERED NUMBER: 00546622) |
| Notes to the Financial Statements |
| for the Year Ended 31 MARCH 2017 |
| 1. | STATUTORY INFORMATION |
| W Harradine & Sons Limited is a |
| company's registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Tangible fixed assets |
| Agricultural buildings | - |
| Implements | - |
| Plant and machinery | - |
| Tractors | - |
| Motor vehicles | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
| the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or |
| substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
| those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
| have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
| timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
| will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| W HARRADINE & SONS LIMITED (REGISTERED NUMBER: 00546622) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 MARCH 2017 |
| 4. | TANGIBLE FIXED ASSETS |
| Agricultural | Plant and |
| buildings | Implements | machinery |
| £ | £ | £ |
| COST |
| At 1 April 2016 |
| Disposals | ( |
) |
| At 31 March 2017 |
| DEPRECIATION |
| At 1 April 2016 |
| Charge for year |
| Charge written back | - | (6,395 | ) | - |
| At 31 March 2017 |
| NET BOOK VALUE |
| At 31 March 2017 |
| At 31 March 2016 |
| Motor | Computer |
| Tractors | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 April 2016 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 31 March 2017 |
| DEPRECIATION |
| At 1 April 2016 |
| Charge for year |
| Charge written back | (4,546 | ) | (33,703 | ) | - | (44,644 | ) |
| At 31 March 2017 |
| NET BOOK VALUE |
| At 31 March 2017 |
| At 31 March 2016 |
| 5. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST |
| At 1 April 2016 |
| and 31 March 2017 |
| NET BOOK VALUE |
| At 31 March 2017 |
| At 31 March 2016 |
| W HARRADINE & SONS LIMITED (REGISTERED NUMBER: 00546622) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 MARCH 2017 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.17 | 31.3.16 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.17 | 31.3.16 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.3.17 | 31.3.16 |
| £ | £ |
| Hire purchase contracts |
| 9. | PROVISIONS FOR LIABILITIES |
| 31.3.17 | 31.3.16 |
| £ | £ |
| Deferred tax | 24,500 | 14,486 |
| Deferred |
| tax |
| £ |
| Balance at 1 April 2016 |
| Increase in provision | 10,014 |
| Balance at 31 March 2017 |
| 10. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The business premises occupied by the Company are owned by the director and a normal commercial rent has |
| been paid. |
| 11. | RELATED PARTY DISCLOSURES |
| All information relevant to related party transactions are disclosed under the heading "TRANSACTIONS WITH |
| DIRECTOR". |
| 12. | ULTIMATE CONTROLLING PARTY |
| The company is controlled by Mr B Harradine. |
| W HARRADINE & SONS LIMITED |
| Report of the Accountants to the Director of |
| W Harradine & Sons Limited |
| The following reproduces the text of the report prepared for the director and members in respect of the |
| company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is |
| only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other |
| primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
| As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2017 set out on pages to and you consider that the company is exempt from an audit. |
| In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
| 49 Grampian Way |
| Oulton |
| Lowestoft |
| Suffolk |
| NR32 3EP |