P H Hardwill Limited Small abbreviated accounts
P H Hardwill Limited Small abbreviated accounts
COMPANY REGISTRATION NUMBER
02684537
FOR THE YEAR ENDED
ABBREVIATED BALANCE SHEET
2016 |
2015 |
|||
Note |
£ |
£ |
£ |
|
FIXED ASSETS |
2 |
|||
Tangible assets |
|
|
||
---------- |
---------- |
|||
CURRENT ASSETS
Stocks |
|
|
|
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
------------ |
---------- |
||
1,392,522 |
999,004 |
||
CREDITORS: Amounts falling due within one year |
|
|
|
------------ |
---------- |
||
NET CURRENT ASSETS |
|
|
|
------------ |
---------- |
||
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|
CREDITORS: Amounts falling due after more than one year |
- |
|
|
PROVISIONS FOR LIABILITIES |
|
|
|
------------ |
---------- |
||
|
|
||
------------ |
---------- |
||
CAPITAL AND RESERVES
Called up equity share capital |
3 |
|
|
|
Profit and loss account |
|
|
||
------------ |
---------- |
|||
SHAREHOLDERS' FUNDS |
|
|
||
------------ |
---------- |
|||
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts were approved by the directors and authorised for issue on
21 March 2017
, and are signed on their behalf by:
Company Registration Number:
02684537
NOTES TO THE ABBREVIATED ACCOUNTS
YEAR ENDED 30 JUNE 2016
1.
ACCOUNTING POLICIES
Basis of accounting
Turnover
Fixed assets
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Hire purchase agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Pension costs
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.
Deferred taxation
In accordance with Financial Reporting Standard for Smaller Entities (effective January 2015) FRSSE, the difference between the accounting treatment and tax treatment for depreciation in respect of accelerated capital allowances and other timing differences, is provided in full. Provision is made, or recovery anticipated, where timing differences have originated but not reversed by the balance sheet date.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.
2.
FIXED ASSETS
Tangible Assets |
|
£ |
|
COST
At 1 July 2015 |
|
Additions |
|
Disposals |
(
|
------------ |
|
At 30 June 2016 |
|
------------ |
|
DEPRECIATION
At 1 July 2015 |
|
Charge for year |
|
On disposals |
(
|
---------- |
|
At 30 June 2016 |
|
---------- |
|
NET BOOK VALUE
At 30 June 2016 |
|
---------- |
|
At 30 June 2015 |
|
---------- |
|
3.
SHARE CAPITAL
Allotted, called up and fully paid:
2016 |
2015 |
||||
No. |
£ |
No. |
£ |
||
|
|
|
|
|
|
---- |
---- |
---- |
---- |
||