Henry George Limited - Accounts to registrar - small 17.1.1
Henry George Limited - Accounts to registrar - small 17.1.1
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| FOR |
| HENRY GEORGE LIMITED |
| HENRY GEORGE LIMITED (REGISTERED NUMBER: 03395786) |
| 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 |
| HENRY GEORGE LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Swatton Barn |
| Badbury |
| Swindon |
| Wiltshire |
| SN4 0EU |
| BANKERS: |
| 84 Commercial Road |
| Swindon |
| Wiltshire |
| SN1 5NW |
| HENRY GEORGE LIMITED (REGISTERED NUMBER: 03395786) |
| BALANCE SHEET |
| 31 MARCH 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve |
| Capital redemption reserve |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| HENRY GEORGE LIMITED (REGISTERED NUMBER: 03395786) |
| 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 Board of Directors on behalf by: |
| HENRY GEORGE LIMITED (REGISTERED NUMBER: 03395786) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| 1. | STATUTORY INFORMATION |
| Henry George 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 |
| Changes in accounting policies |
| Under FRS102, the freehold property previously measured under the revaluation basis is now |
| measured under the fair value method. |
| Deferred tax is provided to reflect the taxation charge on any revaluation. |
| Any revaluation gain on freehold property is taken to the revaluation reserve. |
| Turnover |
| Turnover represents net invoiced sales of goods and services, excluding value added tax. |
| Tangible fixed assets |
| Land and buildings | - |
| Plant and machinery etc | - |
| 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. |
| HENRY GEORGE LIMITED (REGISTERED NUMBER: 03395786) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the |
| period of the lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the |
| company's pension scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 April 2016 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 March 2017 |
| DEPRECIATION |
| At 1 April 2016 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 March 2017 |
| NET BOOK VALUE |
| At 31 March 2017 |
| At 31 March 2016 |
| Included in cost or valuation of land and buildings is freehold land of £ 44,000 (2016 - £ 73,749 ) |
| which is not depreciated. |
| Cost or valuation at 31 March 2017 is represented by: |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| Valuation in 2002 | 30,499 | - | 30,499 |
| Valuation in 2007 | 130,000 | - | 130,000 |
| Valuation in 2012 | (100,000 | ) | - | (100,000 | ) |
| Cost | 89,501 | 94,499 | 184,000 |
| 150,000 | 94,499 | 244,499 |
| HENRY GEORGE LIMITED (REGISTERED NUMBER: 03395786) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| If freehold land and buildings had not been revalued they would have been included at the following |
| historical cost: |
| 2017 | 2016 |
| £ | £ |
| Cost | 89,501 | 89,501 |
| Aggregate depreciation | 4,550 | 3,640 |
| Value of land in freehold land and buildings | 44,000 | 44,000 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | LEASING AGREEMENTS |
| At 31st March 2017, the company had total commitments under non-cancellable operating leases over |
| the remaining life of those leases of £270,925 (2016: £375,024). |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2017 | 2016 |
| £ | £ |
| Bank overdraft | 154,490 | 98,119 |
| The bank overdraft is secured by way of a legal charge dated 13th January 2003 over property known |
| as 46 Kingsbury Street, Marlborough, Wiltshire. |
| 9. | PENSION COMMITMENTS |
| At the year end £635 pension contributions remained outstanding and are included in other creditors. |
| HENRY GEORGE LIMITED (REGISTERED NUMBER: 03395786) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| 10. | RELATED PARTY DISCLOSURES |
| During the year the company entered into transactions with the following related parties. |
| Name of related | Nature of | Transaction | Expenses |
| party | relationship | details | £ |
R J Skerten |
Director / shareholder |
Dividends paid |
31,673 |
S J Hall |
Director / shareholder |
Dividends paid |
31,079 |
J Q Conning |
Director / shareholder |
Dividends paid |
35,958 |