Happerley Limited
Happerley Limited
Registered number: 9101438
Financial Statements
For The Year Ended 30 June 2017
DJ Coulter & Associates Limited
Chartered Certified Accountants
7 Clarence Parade
Cheltenham
GL50 3NY
Happerley Limited
Unaudited Financial Statements
For The Year Ended 30 June 2017
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Accountant's Report | 1 |
| Balance Sheet | 2—3 |
| Statement of Changes in Equity | 4 |
| Notes to the Financial Statements | 5—7 |
Happerley Limited
Accountant's Report
For The Year Ended 30 June 2017
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Happerley Limited For The Year Ended 30 June 2017
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Happerley Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member 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 to the directors of Happerley Limited , as a body, in accordance with the terms of our engagement letter dated 25 June 2014. Our work has been undertaken solely to prepare for your approval the accounts of Happerley Limited and state those matters that we have agreed to state to the directors of Happerley Limited , as a body, in this report in accordance with 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 Happerley Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Happerley 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 or loss of Happerley Limited . You consider that Happerley 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 Happerley 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 financial statements.
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Chartered Certified Accountants
7 Clarence Parade
Cheltenham
GL50 3NY
Page 1
Happerley Limited
Balance Sheet
As at
30 June 2017
Balance Sheet
Registered number:
9101438
For the year ending 30 June 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2017 | 2016 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 4 |
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| CURRENT ASSETS | |||||
| Debtors | 5 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 6 |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
( |
( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
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| NET ASSETS |
( |
( |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 7 |
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| Profit and loss account |
( |
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| SHAREHOLDERS' FUNDS | (58,275) | (47,098) | |||
Page 2
Happerley Limited
Balance Sheet (continued)
As at
30 June 2017
Directors' responsibilities:
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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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
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The notes on pages 5 to 7 form part of these financial statements.
Page 3
Happerley Limited
Statement of Changes in Equity
For The Year Ended 30 June 2017
Statement of Changes in Equity
| Share Capital | Profit & Loss Account | Total | |
|---|---|---|---|
| £ | £ | £ | |
| As at 1 July 2015 |
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( |
(9,618) |
| Loss for the year and total comprehensive income | - |
( |
(37,480) |
| As at 30 June 2016 and 1 July 2016 |
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( |
(47,098) |
| Loss for the year and total comprehensive income | - |
( |
(11,177) |
| As at |
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( |
(58,275) |
Page 4
Happerley Limited
Notes to the Unaudited Accounts
For The Year Ended 30 June 2017
Notes to the Unaudited Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2.
Statement of Cash Flow
The company has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement to produce a cash flow statement on the grounds that it is a small company.
1.3.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Plant & Machinery |
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1.5.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
Page 5
Happerley Limited
Notes to the Unaudited Accounts (continued)
For The Year Ended 30 June 2017
4.
Tangible Assets
| Plant & Machinery | |
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| £ | |
| Cost | |
| As at |
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| As at |
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| Depreciation | |
| As at |
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| Provided during the period |
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| As at |
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| Net Book Value | |
| As at |
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| As at |
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5.
Debtors
| 2017 | 2016 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| VAT |
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| Directors' loan accounts | 30 | - | |
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6.
Creditors: Amounts Falling Due Within One Year
| 2017 | 2016 | ||
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| £ | £ | ||
| Other creditors |
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| Accruals and deferred income |
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| Directors' loan accounts |
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Page 6
Happerley Limited
Notes to the Unaudited Accounts (continued)
For The Year Ended 30 June 2017
8.
Related Party Transactions
The Marketing Farm Limited
A company of which the director Matthew Rymer is also a director and shareholder
Included within Other Creditors is an inter-company loan account from The Marketing Farm Limited. The balance due at the balance sheet date was £8554 (2016: £Nil).
9.
General Information
Happerley Limited Registered number 9101438 is a limited by shares company incorporated in England & Wales. The Registered Office is Willow Hill Farm, School Lane, Apperley, Gloucestershire, GL19 4DJ.
Page 7