Hartan Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04083020 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2015

FOR

HARTAN LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R Harris

N C Barlow

SECRETARY:

N C Barlow

REGISTERED OFFICE:

1st Floor

49 High Street

Hucknall

Nottinghamshire

NG15 7AW

REGISTERED NUMBER:

04083020 (England and Wales)

ACCOUNTANTS:

Elkingtons Accountants Limited

First Floor

49 High Street

Hucknall

Nottinghamshire

NG15 7AW

FIXED ASSETS

Intangible assets

2

-

32

Tangible assets

3

192,067

193,009

192,067

193,041

CURRENT ASSETS

Stocks

105,046

54,999

Debtors

363,644

378,900

Cash in hand

667

227

469,357

434,126

CREDITORS

Amounts falling due within one year

4

570,874

641,704

NET CURRENT LIABILITIES

(101,517

)

(207,578

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

90,550

(14,537

)

CREDITORS

Amounts falling due after more than one year

4

(39,448

)

(26,899

)

PROVISIONS FOR LIABILITIES

(12,787

)

(14,080

)

NET ASSETS/(LIABILITIES)

38,315

(55,516

)

CAPITAL AND RESERVES

Called up share capital

5

3

Profit and loss account

38,312

(55,519

)

SHAREHOLDERS' FUNDS

38,315

(55,516

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 20th April 2016 and were signed on its behalf by:

R Harris - Director

N C Barlow - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax. The Companies

contractual obligations are performed gradually over time and revenue is recognised as activity progresses to

reflect the Companies partial performance of its contractual obligations.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a businesses in 2005, 2008 and 2009 is

being amortised evenly over its estimated useful life of five years.

Intangible fixed assets

Intangible fixed assets consisted of monies paid in respect of franchise licences in connection with the company's

trading activities. The assets have been written off in full during the year due to the directors' belief that they no

longer have any commercial value.

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.

Improvements to property

-

33% on cost

Plant and machinery

-

33% on cost and 20% on reducing balance

Fixtures and fittings

-

33% on cost and 20% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

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 the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st January 2015

and 31st December 2015

24,039

AMORTISATION

At 1st January 2015

24,007

Amortisation for year

32

At 31st December 2015

24,039

NET BOOK VALUE

At 31st December 2015

-

At 31st December 2014

32

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st January 2015

646,675

Additions

57,647

Disposals

(14,855

)

At 31st December 2015

689,467

DEPRECIATION

At 1st January 2015

453,666

Charge for year

53,201

Eliminated on disposal

(9,467

)

At 31st December 2015

497,400

NET BOOK VALUE

At 31st December 2015

192,067

At 31st December 2014

193,009

4.

CREDITORS

Creditors include an amount of £ 305,171 (2014 - £ 218,927 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

3

"A"Ordinary

£1.00

3

6.	ULTIMATE PARENT COMPANY

GW 1114 Limited is the ultimate controlling party by virtue of its 100% holding of the issued and allotted share

capital.

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company occupies premises owned in part by the directors. Mr R Harris and Mr N Barlow share a one third

stake in the property which entitles them to £10,000 of rental income, all of which had been paid by the balance

sheet date.