James Harper Electrical Limited - Accounts to registrar - small 17.2

James Harper Electrical Limited - Accounts to registrar - small 17.2

JAMES HARPER ELECTRICAL LIMITED - Company Information

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REGISTERED NUMBER: SC243720 (Scotland)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2017

FOR

JAMES HARPER ELECTRICAL LIMITED

JAMES HARPER ELECTRICAL LIMITED (REGISTERED NUMBER: SC243720)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JAMES HARPER ELECTRICAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2017







DIRECTORS: J E Harper
J W H Harper





SECRETARY: Mrs A S Harper





REGISTERED OFFICE: 19 Wellington Square
Ayr
KA7 1EZ





REGISTERED NUMBER: SC243720 (Scotland)





ACCOUNTANTS: McLay, McAlister & McGibbon (Ayr) Ltd
19 Wellington Square
Ayr
Ayrshire
KA7 1EZ
Page 1
JAMES HARPER ELECTRICAL LIMITED (REGISTERED NUMBER: SC243720)

BALANCE SHEET
28 FEBRUARY 2017

28.2.17 29.2.16
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 18,000 21,000
Tangible assets 5 19,761 15,450
37,761 36,450

CURRENT ASSETS
Stocks 565 570
Debtors 6 39,356 104,919
Cash at bank 260,408 298,228
300,329 403,717
CREDITORS
Amounts falling due within one year 7 21,942 94,742
NET CURRENT ASSETS 278,387 308,975
TOTAL ASSETS LESS CURRENT
LIABILITIES
316,148
345,425

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 315,948 345,225
SHAREHOLDERS' FUNDS 316,148 345,425

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

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

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.

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 Board of Directors on 23 November 2017 and were signed on its behalf
by:



J W H Harper - Director


The notes form part of these financial statements

Page 2
JAMES HARPER ELECTRICAL LIMITED (REGISTERED NUMBER: SC243720)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2017

1. STATUTORY INFORMATION

James Harper Electrical Limited is a private company, limited by shares , registered in Scotland. The company's
registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents net value of goods and services supplied, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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 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.

Page 3 continued...
JAMES HARPER ELECTRICAL LIMITED (REGISTERED NUMBER: SC243720)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 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 contributes to a defined contribution pension scheme. Contributions payable for the period are
charged in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2016
and 28 February 2017 60,000
AMORTISATION
At 1 March 2016 39,000
Charge for year 3,000
At 28 February 2017 42,000
NET BOOK VALUE
At 28 February 2017 18,000
At 29 February 2016 21,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2016 45,228
Additions 8,107
At 28 February 2017 53,335
DEPRECIATION
At 1 March 2016 29,778
Charge for year 3,796
At 28 February 2017 33,574
NET BOOK VALUE
At 28 February 2017 19,761
At 29 February 2016 15,450

Page 4 continued...
JAMES HARPER ELECTRICAL LIMITED (REGISTERED NUMBER: SC243720)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2017

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.17 29.2.16
£    £   
Trade debtors 30,757 103,444
Other debtors 8,599 1,475
39,356 104,919

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.17 29.2.16
£    £   
Trade creditors 6,252 32,319
Taxation and social security 1,488 47,331
Other creditors 14,202 15,092
21,942 94,742

8. RELATED PARTY DISCLOSURES

The company leases a property owned by the directors for the sum of £2,080 per annum.

9. ULTIMATE CONTROLLING PARTY

The company was under the control of the directors throughout the current and previous financial year.

Page 5