Harley Associates Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06804148 (England and Wales)

HARLEY ASSOCIATES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2017

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

Mrs K L Bouchier

REGISTERED OFFICE:

Location

22 Albert Street

Mansfield

Nottinghamshire

NG18 1EB

REGISTERED NUMBER:

06804148 (England and Wales)

ACCOUNTANTS:

McGregors Corporate

Chartered Accountants

i2 Mansfield Suite 0.3

Hamilton Court

Oakham Business Park

Mansfield

Nottinghamshire

NG18 5FB

FIXED ASSETS

Tangible assets

4

6,528

7,921

CURRENT ASSETS

Debtors

5

22,771

29,482

Cash at bank and in hand

267,633

223,115

290,404

252,597

CREDITORS

Amounts falling due within one year

6

27,347

32,016

NET CURRENT ASSETS

263,057

220,581

TOTAL ASSETS LESS CURRENT LIABILITIES

269,585

228,502

PROVISIONS FOR LIABILITIES

1,240

1,584

NET ASSETS

268,345

226,918

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

268,245

226,818

SHAREHOLDERS' FUNDS

268,345

226,918

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 31st October 2017 and were signed by:

Mrs K L Bouchier - Director

1.	STATUTORY INFORMATION

Harley Associates Ltd is a private company, limited by shares , registered in England and Wales. The

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

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

This is the first year that FRS102 Section 1A has been adopted. No restatement for the comparative

period has been required.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Revenue is recognised when the service has been completed.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

25% on reducing balance

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 has an established employer financed retirement benefit scheme for the benefit of its

officers, employees and their wider families, The Harley Associates Limited 2013 Employer Financed

Retirement Benefit Scheme ("The Scheme").

In accordance with UITF abstract 32 "Employee Benefit Trusts and other intermediate payment

arrangements" the Company does not include the assets and liabilities of The Scheme on its balance

sheet to the extent that it considers that it will not retain any economic benefit from the assets of The

Scheme and will not have control of the rights or other access to those present economic benefits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2016 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 1st March 2016

26,096

Additions

1,402

Disposals

(4,263

)

At 28th February 2017

23,235

DEPRECIATION

At 1st March 2016

18,175

Charge for year

2,075

Eliminated on disposal

(3,543

)

At 28th February 2017

16,707

NET BOOK VALUE

At 28th February 2017

6,528

At 29th February 2016

7,921

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

15,679

22,614

Other debtors

7,092

6,868

22,771

29,482

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

3,627

5,147

Taxation and social security

20,247

19,822

Other creditors

3,473

7,047

27,347

32,016

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28th February 2017

and 29th February 2016:

2017

2016

£

£

Mrs K L Bouchier

Balance outstanding at start of year

-

-

Amounts advanced

943

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

943

-

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs K L Bouchier.

The ultimate controlling party is Mrs K L Bouchier.