Harts London Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 09552250 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2017

for

Harts London Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr K Kokilaruban

SECRETARY:

REGISTERED OFFICE:

428 Whitehorse Road

Croydon

Surrey

CR7 8SB

REGISTERED NUMBER:

09552250 (England and Wales)

ACCOUNTANTS:

Harans & Co

Chartered Certified Accountants

324 Stafford Road

Croydon

Surrey

CR0 4NH

FIXED ASSETS

Intangible assets

3

42,000

-

Tangible assets

4

10,310

6,281

52,310

6,281

CURRENT ASSETS

Stocks

5

55,110

30,920

Cash at bank and in hand

993

1,724

56,103

32,644

CREDITORS

Amounts falling due within one year

6

99,739

38,469

NET CURRENT LIABILITIES

(43,636

)

(5,825

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,674

456

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

8,673

455

SHAREHOLDERS' FUNDS

8,674

456

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 25 January 2018 and were signed by:

Mr K Kokilaruban - Director

1.	STATUTORY INFORMATION

Harts London 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

15% on reducing balance

Computer equipment

-

15% 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.

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.

3.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

42,000

At 30 April 2017

42,000

NET BOOK VALUE

At 30 April 2017

42,000

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 May 2016

-

7,389

-

-

7,389

Additions

3,571

-

2,200

78

5,849

At 30 April 2017

3,571

7,389

2,200

78

13,238

DEPRECIATION

At 1 May 2016

-

1,108

-

-

1,108

Charge for year

536

942

330

12

1,820

At 30 April 2017

536

2,050

330

12

2,928

NET BOOK VALUE

At 30 April 2017

3,035

5,339

1,870

66

10,310

At 30 April 2016

-

6,281

-

-

6,281

5.

STOCKS

30.4.17

30.4.16

£

£

Stocks

55,110

30,920

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Tax

2,069

50

Social security and other taxes

651

-

VAT

926

339

Accrued expenses

1,493

1,153

Director current account

94,600

36,927

99,739

38,469