HARKNESS SCREENS (UK) LIMITED

HARKNESS SCREENS (UK) LIMITED

HARKNESS SCREENS (UK) LIMITED - Company Information

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HARKNESS SCREENS (UK) LIMITED

Company Registration Number:
02576490 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2018

Period of accounts

Start date: 01 October 2017

End date: 30 September 2018

HARKNESS SCREENS (UK) LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2018

Balance sheet
Notes

HARKNESS SCREENS (UK) LIMITED

Balance sheet

As at 30 September 2018


Notes
2018
2017


£
£
Fixed assets
Tangible assets: 3 113,900 115,327
Investments: 4 1 1
Total fixed assets: 113,901 115,328
Current assets
Stocks: 215,687 329,404
Debtors: 5 3,668,742 3,466,974
Cash at bank and in hand: 420,250 290,344
Total current assets: 4,304,679 4,086,722
Creditors: amounts falling due within one year: 6 (834,885) (876,401)
Net current assets (liabilities): 3,469,794 3,210,321
Total assets less current liabilities: 3,583,695 3,325,649
Provision for liabilities: (13,459) (4,146)
Total net assets (liabilities): 3,570,236 3,321,503
Capital and reserves
Called up share capital: 352,941 352,941
Other reserves: 540,000 540,000
Profit and loss account: 2,677,295 2,428,562
Shareholders funds: 3,570,236 3,321,503

The notes form part of these financial statements

HARKNESS SCREENS (UK) LIMITED

Balance sheet statements

For the year ending 30 September 2018 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 June 2019
and signed on behalf of the board by:

Name: Patrick Carolan
Status: Director

The notes form part of these financial statements

HARKNESS SCREENS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

HARKNESS SCREENS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

2. Employees

2018 2017
Average number of employees during the period 24 24

HARKNESS SCREENS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

3. Tangible Assets

Total
Cost £
At 01 October 2017 941,719
Additions 35,453
At 30 September 2018 977,172
Depreciation
At 01 October 2017 826,392
Charge for year 36,880
At 30 September 2018 863,272
Net book value
At 30 September 2018 113,900
At 30 September 2017 115,327

HARKNESS SCREENS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

4. Fixed investments

Investments in subsidiary companies £At 1 October 2017 1At 30 September 2018 1The company holds 100% of the ordinary shares of Harkness Screens (USA) Limited, a company incorporated in the United Kingdom. The principal activity of the company is the manufacture and sale of projection screens.The company owns 90% of the ordinary shares of SCI Du Clos dArquemont, a company incorporated in France. The principal activity of the company is the holding of French property.The company owns 0.01% of the ordinary shares of Harkness Screens India LLP, a limited liability partnership incorporated in India. The principal activity of the limited liability partnership is the manufacture and sale of projection screens.

HARKNESS SCREENS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

5. Debtors

2018 2017
££
Debtors due after more than one year: 0 0

Due within one year - (2018) £3,668,742 (2017) - £3,466,974

HARKNESS SCREENS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

6. Creditors: amounts falling due within one year note

Creditors: Amounts falling due within one year 2018 2017 £ £ Trade creditors 139,813 110,949Amounts due to group companies 441,958 497,288Other taxation and social security 37,353 34,490Other creditors 99,466 83,412Accruals and deferred income 116,295 150,263 834,885 876,402Amounts due to group undertakings are unsecured, interest free, have no fixed date of repayment and are repayable on demand.

HARKNESS SCREENS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

7. Loans to directors

There were no loans to directors.

HARKNESS SCREENS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

8. Related party transactions

Harkness Screens (UK) Limited is wholly owned within the Harkness Screens (Group) Limited group. Transactions with Harkness Screens (Group) Limited and with other wholly owned subsidiary companies of Harkness Screens (Group) Limited are not disclosed as the company has taken advantage of the exemption available under FRS 102, Section 1A from disclosing such transactions.