Dr Steven Harris Ltd - Period Ending 2016-05-31

Registration number: 9609645

Dr Steven Harris Ltd

Unaudited Abbreviated Accounts

for the Period from 27 May 2015 to 31 May 2016

 

JPL Accountancy Services Ltd
110 Chandos Avenue
Whetstone
London
N20 9DZ

Dr Steven Harris Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Dr Steven Harris Ltd
for the Period Ended 31 May 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Dr Steven Harris Ltd for the period ended 31 May 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Dr Steven Harris Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Dr Steven Harris Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dr Steven Harris Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Dr Steven Harris Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Dr Steven Harris Ltd. You consider that Dr Steven Harris Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Dr Steven Harris Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

JPL Accountancy Services Ltd
110 Chandos Avenue
Whetstone
London
N20 9DZ

15 February 2017

Page 1

Dr Steven Harris Ltd
(Registration number: 9609645)
Abbreviated Balance Sheet at 31 May 2016

		Note			31 May 2016 £
Fixed assets
Intangible fixed assets					4,840
Current assets
Stocks					3,407
Debtors					709
Cash at bank and in hand					100
					4,216
Creditors: Amounts falling due within one year					(11,368)
Net current liabilities					(7,152)
Net liabilities					(2,312)
Capital and reserves
Called up share capital		3			100
Profit and loss account					(2,412)
Shareholders' deficit					(2,312)

For the year ending 31 May 2016 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 director acknowledges his 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 .

Approved by the director on 15 February 2017

.........................................
Dr Steven Harris
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Dr Steven Harris Ltd
Notes to the Abbreviated Accounts for the Period from 27 May 2015 to 31 May 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Patents	Straight line over 5 years

Work in progress

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Intangible assets £			Total £
Cost
Additions		6,050			6,050
At 31 May 2016		6,050			6,050
Depreciation
Charge for the period		1,210			1,210
At 31 May 2016		1,210			1,210
Net book value
At 31 May 2016		4,840			4,840

Page 3

Dr Steven Harris Ltd
Notes to the Abbreviated Accounts for the Period from 27 May 2015 to 31 May 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	31 May 2016
		No.			£
Ordinary shares of £1 each		100			100

New shares allotted

During the period 100 Ordinary shares having an aggregate nominal value of £100 were allotted for an aggregate consideration of £100. The shares were allotted to provide initial working capital.

Page 4