James Harrigan Limited - Period Ending 2014-06-30

Registration number: SC249991

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James Harrigan Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2014
 

Alistair Brown Limited
Chartered Accountants
Moncrieff House
10 Moncrieff Street
Paisley
Renfrewshire
PA3 2BE

James Harrigan Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 3) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
James Harrigan Limited
for the Year Ended 30 June 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of James Harrigan Limited for the year ended 30 June 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at icas.org.uk/accountspreparationguidance.

This report is made solely to the Board of Directors of James Harrigan Limited, as a body, in accordance with the terms of our engagement letter dated 2 October 2003. Our work has been undertaken solely to prepare for your approval the accounts of James Harrigan Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at icas.org.uk/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than James Harrigan Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that James Harrigan 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 James Harrigan Limited. You consider that James Harrigan 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 James Harrigan 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.

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

Alistair Brown Limited
Chartered Accountants
Moncrieff House
10 Moncrieff Street
Paisley
Renfrewshire
PA3 2BE

29 October 2014

Page 1

James Harrigan Limited
(Registration number: SC249991)
Abbreviated Balance Sheet at 30 June 2014

		Note			2014 £			2013 £
Current assets
Stocks					5,000			3,000
Cash at bank and in hand					20,847			114,549
					25,847			117,549
Creditors: Amounts falling due within one year					(7,668)			(22,176)
Net assets					18,179			95,373
Capital and reserves
Called up share capital		2			900			900
Profit and loss account					17,279			94,473
Shareholders' funds					18,179			95,373

For the year ended 30 June 2014 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 director acknowledges his 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 director on 29 October 2014

.........................................
James Harrigan
Director

The notes on page 3 form an integral part of these financial statements.
Page 2

James Harrigan Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Turnover

Turnover represents the total value of sales made during the year.

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

2	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		900			900			900			900

Page 3