Harrison Facilities Management Limited - Period Ending 2017-03-31

Registration number: 09321628

Harrison Facilities Management Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2017

Harrison Facilities Management Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Financial Statements	4 to 6

Harrison Facilities Management Limited

Company Information

Director

R G Harrison

Registered office

20 Downing Road West Meadows Derby DE21 6HA

Bankers

Natwest Bank Plc 244 Fulwood Road Sheffield S10 3AA

Accountants

Ashgates Corporate Services Limited 5 Prospect Place Millennium Way Pride Park Derby DE24 8HG

Page 1

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Harrison Facilities Management Limited
for the Year Ended 31 March 2017

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Harrison Facilities Management Limited for the year ended 31 March 2017 as set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/
member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Harrison Facilities Management Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Harrison Facilities Management Limited and state those matters that we have agreed to state to the Board of Directors of Harrison Facilities Management Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/
fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Harrison Facilities Management Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Harrison Facilities Management Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Harrison Facilities Management Limited. You consider that Harrison Facilities Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Harrison Facilities Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

..................................................................

Ashgates Corporate Services Limited
5 Prospect Place
Millennium Way
Pride Park
Derby
DE24 8HG

26 May 2017

Page 2

Harrison Facilities Management Limited

(Registration number: 09321628)
Balance Sheet as at 31 March 2017

	Note	2017 £	2016 £
Fixed assets
Tangible assets	4	1,759	-
Current assets
Debtors	5	9,973	-
Cash at bank and in hand		875	100
		10,848	100
Creditors: Amounts falling due within one year	6	(11,020)	-
Net current (liabilities)/assets		(172)	100
Total assets less current liabilities		1,587	100
Provisions for liabilities		(352)	-
Net assets		1,235	100
Capital and reserves
Called up share capital		100	100
Profit and loss account		1,135	-
Total equity		1,235	100

For the financial year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 26 May 2017
 

.........................................

R G Harrison

Director

The notes on pages 4 to 6 form an integral part of these financial statements.

Page 3

Harrison Facilities Management Limited

Notes to the Financial Statements for the Year Ended 31 March 2017

1	General information

The company is a private company limited by share capital incorporated in England.

The address of the registered office is given in the company information on page 1 of the financial statements.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling (£).

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture, fittings and equipment	15% reducing balance / 33% straight line
Plant and machinery	15% reducing balance

Page 4

Harrison Facilities Management Limited

Notes to the Financial Statements for the Year Ended 31 March 2017

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 22 (2016 - 0).

4	Tangible assets

	Furniture, fittings and equipment  £	Plant and machinery  £	Total £
Cost or valuation
Additions	1,359	595	1,954
At 31 March 2017	1,359	595	1,954
Depreciation
Charge for the year	152	43	195
At 31 March 2017	152	43	195
Carrying amount
At 31 March 2017	1,207	552	1,759

5

Debtors

	2017 £	2016 £
Trade debtors	9,784	-
Other debtors	189	-
	9,973	-

Page 5

Harrison Facilities Management Limited

Notes to the Financial Statements for the Year Ended 31 March 2017

6

Creditors

	2017 £	2016 £
Due within one year
Trade creditors	972	-
Taxation and social security	4,183	-
Other creditors	5,865	-
	11,020	-

7	Related party transactions

Summary of transactions with other related parties

The balance owed to the director at the year end, by the way of an interest free loan, was £4,665 (2016 - £nil).
 

8	Transition to FRS 102

The financial statements are the company's first financial statements that comply with FRS102. The date of transition to FRS102 was 1 April 2015.

The transition to FRS102 has not resulted in any changes between the amounts prepared previously under UK GAAP and those presented in compliance with FRS 102.

Page 6