James Harrigan - Period Ending 2017-06-30

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Registration number: SC249991

James Harrigan

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2017

James Harrigan

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 4

James Harrigan

Company Information

Director

James Harrigan

Company secretary

Claire Elizabeth Browne

Registered office

Firthvale
The Golf Course
Girvan
KA26 9HW

Bankers

Bank of Scotland
Edinburgh Gorgie Branch
600 Gorgie Road
Edinburgh
Lothians
EH11 3XP

Accountants

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

Page 1

James Harrigan

(Registration number: SC249991)
Balance Sheet as at 30 June 2017

	Note	2017 £	2016 £
Current assets
Stocks	3	5,000	5,000
Cash at bank and in hand		18,129	34,484
		23,129	39,484
Creditors: Amounts falling due within one year	4	(6,382)	(19,407)
Net assets		16,747	20,077
Capital and reserves
Called up share capital		900	900
Profit and loss account		15,847	19,177
Total equity		16,747	20,077

For the financial 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.

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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 13 October 2017

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

The notes on pages 3 to 4 form an integral part of these financial statements.

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James Harrigan

Notes to the Financial Statements for the Year Ended 30 June 2017

1	General information

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

The address of its registered office is:
Firthvale
The Golf Course
Girvan
KA26 9HW

These financial statements were authorised for issue by the director on 13 October 2017.

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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Page 3

James Harrigan

Notes to the Financial Statements for the Year Ended 30 June 2017

Stocks

	2017 £	2016 £
Finished goods and goods for resale	5,000	5,000

Creditors

	Note	2017 £	2016 £
Due within one year
Amounts owed to group undertakings and undertakings in which the company has a participating interest		-	7,776
Taxation and social security		954	1,493
Other creditors		5,428	10,138
		6,382	19,407

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