Hartburn Garage Limited - Abbreviated accounts 16.3

Hartburn Garage Limited - Abbreviated accounts 16.3


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REGISTERED NUMBER: 00636761(England and Wales)















Abbreviated Unaudited Accounts

for the Year Ended 31 October 2016

for

Hartburn Garage Limited

Hartburn Garage Limited (Registered number: 00636761)

Contents of the Abbreviated Accounts
for the Year Ended 31 October 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Chartered Accountants' Report 5

Hartburn Garage Limited

Company Information
for the Year Ended 31 October 2016







DIRECTORS: Mrs B Hitchcock
G W Abel
Mrs W E Cowan





SECRETARY: Mrs B Hitchcock





REGISTERED OFFICE: 26 Darlington Road
Stockton on Tees
Teesside
TS18 5BH





REGISTERED NUMBER: 00636761(England and Wales)





ACCOUNTANTS: Benson Wood Ltd
Cleveland House
10 Yarm Road
Stockton on Tees
Cleveland
TS18 3NA

Hartburn Garage Limited (Registered number: 00636761)

Abbreviated Balance Sheet
31 October 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 156,980 163,864

CURRENT ASSETS
Stocks 26,901 22,790
Debtors 40,620 57,106
Cash at bank and in hand 4,404 4,242
71,925 84,138
CREDITORS
Amounts falling due within one year 151,528 147,431
NET CURRENT LIABILITIES (79,603 ) (63,293 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

77,377

100,571

PROVISIONS FOR LIABILITIES 5,167 5,456
NET ASSETS 72,210 95,115

CAPITAL AND RESERVES
Called up share capital 3 5,000 5,000
Revaluation reserve 38,351 38,351
Profit and loss account 28,859 51,764
SHAREHOLDERS' FUNDS 72,210 95,115

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 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 26 April 2017and were signed on its behalf by:





G W Abel- Director


Hartburn Garage Limited (Registered number: 00636761)

Notes to the Abbreviated Accounts
for the Year Ended 31 October 2016


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, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings - 2% on cost
Plant and machinery etc - 33% on cost, 25% on reducing balance and 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.

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. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2015 431,613
Additions 7,247
Disposals (875 )
At 31 October 2016 437,985
DEPRECIATION
At 1 November 2015 267,749
Charge for year 13,571
Eliminated on disposal (315 )
At 31 October 2016 281,005
NET BOOK VALUE
At 31 October 2016 156,980
At 31 October 2015 163,864

Hartburn Garage Limited (Registered number: 00636761)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 October 2016


3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
5,000 Ordinary 1.00 5,000 5,000

4. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2016 and
31 October 2015:

2016 2015
£    £   
G W Abel
Balance outstanding at start of year 9,446 (324 )
Amounts advanced 56,768 49,770
Amounts repaid (39,500 ) (40,000 )
Balance outstanding at end of year 26,714 9,446

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Hartburn Garage Limited


The following reproduces the text of the report prepared for the directors in respect of the company's
annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages
two to four) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Hartburn Garage Limited for the year ended 31 October 2016 which comprise the Profit and Loss
Account, the Balance Sheet and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Hartburn Garage Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hartburn Garage Limited and state those matters that we have agreed to state to the Board of Directors of Hartburn Garage Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hartburn Garage Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hartburn Garage Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hartburn Garage Limited. You consider that Hartburn Garage Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hartburn Garage Limited. 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 financial statements.






Benson Wood Ltd
Cleveland House
10 Yarm Road
Stockton on Tees
Cleveland
TS18 3NA


26 April 2017