HARVEY PAINTING & DECORATING LTD Accounts filed on 30-06-2014

HARVEY PAINTING & DECORATING LTD - Company Information

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HARVEY PAINTING & DECORATING LTD

Company Registration Number:
08111197 (England and Wales)

Report of the Directors and Unaudited Financial Statements

Period of accounts

Start date: 01st July 2013

End date: 30th June 2014

SUBMITTED

Contents of the Financial Statements
for the Period Ended 30th June 2014


Company Information
Report of the Directors
Profit and Loss Account
Gains and Losses
Balance sheet
Notes to the Financial Statements

Company Information
for the Period Ended 30th June 2014

Director:		A Teasdale
		J Teasdale



Company secretary:		J Teasdale



Registered office:		9 Millers Dale Drive
		South Normanton

		Alfreton
		Derbyshire
		DE55 2LG




Company Registration Number:		08111197 (England and Wales)

Directors' Report Period Ended 30th June 2014

The directors present their report with the financial statements of the company for the period ended 30th June 2014

Principal activities
The principal activity of the company in the period under review was:
The principal activity of the Company was that of Painting and Decorating contractors.

Directors
The directors shown below have held office during the whole of the period from
01st July 2013 to 30th June 2014
A Teasdale
J Teasdale

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on 07 November 2014
And Signed On Behalf Of The Board By:

Name: A Teasdale
Status: Director

Profit and Loss Account

for the Period Ended 30th June 2014

	Notes	2014 £	2013 £
Turnover:		210,289	178,323
Cost of sales:		64,010	45,555
Gross profit or (loss):		146,279	132,768
Administrative expenses:	3,	112,057	87,500
Operating profit or (loss):	2	34,222	45,268
Interest receivable and similar income:		43	48
Profit or (loss) on ordinary activities before taxation:		34,265	45,316
Tax on profit or (loss) on ordinary activities:	4	9,828	11,691
Profit or (loss) for the financial year:		24,437	33,625

The notes form part of these financial statements

Statement of total recognised gains and losses
30th June 2014

Statement of total recognised gains and losses

The company does not have any gains and losses other than Profit and Loss for the period to report.

The notes form part of these financial statements

Balance sheet
As at 30th June 2014

	Notes	2014 £	2013 £
Fixed assets
Intangible assets:	6	112,000	126,000
Tangible assets:	7	959	1,155
Total fixed assets:		112,959	127,155
Current assets
Stocks:		-	6,697
Debtors:	8	35,530	42,638
Cash at bank and in hand:		58,411	73,146
Total current assets:		93,941	122,481
Creditors: amounts falling due within one year	9	168,738	215,911
Net current assets (liabilities):		( 74,797 )	( 93,430 )
Total assets less current liabilities:		38,162	33,725
Total net assets (liabilities):		38,162	33,725

The notes form part of these financial statements

Balance sheet
As at 30th June 2014
continued

	Notes	2014 £	2013 £
Capital and reserves
Called up share capital:	10	100	100
Profit and Loss account:	11	38,062	33,625
Total shareholders funds:		38,162	33,725

For the year ending 30 June 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors on 07 November 2014

SIGNED ON BEHALF OF THE BOARD BY:

Name: A Teasdale
Status: Director

The notes form part of these financial statements

Notes to the Financial Statements
for the Period Ended 30th June 2014

1. Accounting policies

Basis of measurement and preparation of accounts

These Accounts have3 been prepared under the historical cost convention.

Turnover policy

Turnover is the amount receivable by the Company in the ordinary course of business for goods and services supplied during the year.

Tangible fixed assets depreciation policy

Plant & Machinery 20% reducing balance.

Intangible fixed assets amortisation policy

Goodwill 10% straight line.

Notes to the Financial Statements
for the Period Ended 30th June 2014

2 . Operating profit or (loss)

Operating profit or (loss) before tax as stated after charging the following.

	2014	2013
	£	£
Depreciation - owned assets:	196	286
Amortisation of goodwill:	14,000	14,000

Notes to the Financial Statements
for the Period Ended 30th June 2014

3 . Directors' remuneration

	2014	2013
	£	£
Directors' remuneration:	25,532	21,465
TOTAL:	25,532	21,465

Notes to the Financial Statements
for the Period Ended 30th June 2014

4. Taxation

The tax charge on the profit on ordinary activities for the period was as follows:

	2014	2013
	£	£
UK Corporation Tax:	9,828	11,691
Tax on profit or (loss) on ordinary activities:	9,828	11,691

Profit or (loss) on ordinary activities before taxation:	34,265	45,316
Profit or (loss) on ordinary activities before taxation multiplied by the rate(s) of Corporation Tax applicable:	6,853	9,063
Expense not deductable for tax purposes:	2,975	2,916
Accelerated capital allowances:	-	288
Current tax charge or (credit):	9,828	11,691

Notes to the Financial Statements
for the Period Ended 30th June 2014

5. Dividends

	2014	2013
	£	£
Dividends paid on ordinary shares:	20,000	0
Total dividends paid:	20,000	0

Notes to the Financial Statements
for the Period Ended 30th June 2014

6. Intangible assets

	Goodwill	Other	Total
Cost	£	£	£
At 01st July 2013:	140,000	-	140,000
At 30th June 2014:	140,000	-	140,000

Amortisation	£	£	£
At 01st July 2013:	14,000	-	14,000
Provided during the period:	14,000	-	14,000
At 30th June 2014:	28,000	-	28,000

Net book value	£	£	£
At 30th June 2014:	112,000	-	112,000
At 30th June 2013:	126,000	-	126,000

Notes to the Financial Statements
for the Period Ended 30th June 2014

7. Tangible assets

	Land and buildings	Plant Machinery	Fixtures and fittings	Office Equipment	Motor vehicles	Total
Cost	£	£	£	£	£	£
At 01st July 2013:	-	1,441	-	-	-	1,441
At 30th June 2014:	-	1,441	-	-	-	1,441
Depreciation
At 01st July 2013:	-	286	-	-	-	286
Charge for year:	-	196	-	-	-	196
At 30th June 2014:	-	482	-	-	-	482
Net book value
At 30th June 2014:	-	959	-	-	-	959
At 30th June 2013:	-	1,155	-	-	-	1,155

Notes to the Financial Statements
for the Period Ended 30th June 2014

8. Debtors

	2014	2013
	£	£
Trade debtors:	34,162	41,198
Other debtors:	1,368	1,440
Total:	35,530	42,638

Notes to the Financial Statements
for the Period Ended 30th June 2014

9. Creditors: amounts falling due within one year

	2014	2013
	£	£
Trade creditors:	5,304	2,677
Taxation and social security:	16,069	17,161
Accruals and deferred income:	683	783
Other creditors:	146,682	195,290
Total:	168,738	215,911

Notes to the Financial Statements
for the Period Ended 30th June 2014

10. Called up share capital

Allotted, called up and paid

Previous period			2013
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	100	1.00 1.00	100
Total share capital:			100

Current period			2014
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	100	1.00 1.00	100
Total share capital:			100

Notes to the Financial Statements
for the Period Ended 30th June 2014

11. Profit and loss account

	2014	2013
	£	£
Opening balance:	33,625	0
Profit or (loss) for the period:	24,437	33,625
Equity dividends paid:	20,000	0
Retained profit:	38,062	33,625

HARVEY PAINTING & DECORATING LTD Accounts filed on 30-06-2014