Robert Harwood Trading (East Anglia) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05689952 (England and Wales)

Robert Harwood Trading (East Anglia)

Limited

Unaudited Financial Statements

for the Year Ended

31st December 2017

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

R A Harwood

Mrs J E Harwood

Mrs H E Smith

SECRETARY:

Mrs H E Smith

REGISTERED OFFICE:

8 Hopper Way

Diss

Norfolk

IP22 4GT

REGISTERED NUMBER:

05689952 (England and Wales)

ACCOUNTANTS:

Haines Watts

Chartered Accountants

8 Hopper Way

Diss

Norfolk

IP22 4GT

FIXED ASSETS

Tangible assets

4

38,898

24,058

CURRENT ASSETS

Stocks

19,972

17,569

Debtors

5

150,018

115,654

Cash at bank and in hand

223,985

174,931

393,975

308,154

CREDITORS

Amounts falling due within one year

6

295,231

196,527

NET CURRENT ASSETS

98,744

111,627

TOTAL ASSETS LESS CURRENT LIABILITIES

137,642

135,685

CREDITORS

Amounts falling due after more than one year

7

(6,667

)

(2,311

)

PROVISIONS FOR LIABILITIES

(7,391

)

(4,811

)

NET ASSETS

123,584

128,563

CAPITAL AND RESERVES

Called up share capital

8

300

300

Retained earnings

9

123,284

128,263

SHAREHOLDERS' FUNDS

123,584

128,563

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 28th August 2018 and were signed on its behalf by:

R A Harwood - Director

Mrs J E Harwood - Director

Mrs H E Smith - Director

1.	STATUTORY INFORMATION

Robert Harwood Trading (East Anglia) Limited 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Office 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under

finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital

element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2016 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Office

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st January 2017

5,862

8,409

16,900

22,832

54,003

Additions

-

2,134

41,291

-

43,425

Disposals

-

-

(33,520

)

-

(33,520

)

At 31st December 2017

5,862

10,543

24,671

22,832

63,908

DEPRECIATION

At 1st January 2017

4,196

3,776

9,771

12,202

29,945

Charge for year

250

935

3,640

1,595

6,420

Eliminated on disposal

-

-

(11,355

)

-

(11,355

)

At 31st December 2017

4,446

4,711

2,056

13,797

25,010

NET BOOK VALUE

At 31st December 2017

1,416

5,832

22,615

9,035

38,898

At 31st December 2016

1,666

4,633

7,129

10,630

24,058

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1st January 2017

16,900

Additions

24,671

Disposals

(16,900

)

At 31st December 2017

24,671

DEPRECIATION

At 1st January 2017

9,771

Charge for year

2,947

Eliminated on disposal

(10,662

)

At 31st December 2017

2,056

NET BOOK VALUE

At 31st December 2017

22,615

At 31st December 2016

7,129

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

138,571

111,242

Other debtors

11,447

4,412

150,018

115,654

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Hire purchase contracts

2,500

2,816

Trade creditors

178,014

99,247

Taxation and social security

30,188

36,335

Other creditors

84,529

58,129

295,231

196,527

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Hire purchase contracts

6,667

2,311

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

200

Ordinary 'A'

£1

200

200

100

Ordinary 'B'

£1

100

100

300

300

9.

RESERVES

Retained

earnings

£

At 1st January 2017

128,263

Profit for the year

111,201

Dividends

(116,180

)

At 31st December 2017

123,284