E_HARRIS_(BUILDER)_LTD - Accounts

The director of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2017 the company was entitled to exemption from audit under section 477 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 financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention.

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

The total turnover of the company for the year has been derived from its principal activity wholly undertaken in the UK.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land is not depreciated. Freehold properties are maintained to ensure that their values do not diminish over time. The maintenance costs are charged to profit and loss account in the year incurred. In the directors' opinion, depreciation would be immaterial and has not been charged.

The bank loans and overdrafts are secured by:

(a) first legal charge over its freehold properties.

(b) debenture on the company's assets.

(c) letter of guarantee from the company director.

The bank loan is repayable by monthly instalments over 15 years from 30th November 2004.

There were no events since the year end which materially affected the company.