Harte Consulting Limited - Period Ending 2016-12-31

Harte Consulting Limited

Annual Report and Unaudited Financial Statements
Year Ended 31 December 2016

Registration number: 05682372

Harte Consulting Limited

Contents

Balance Sheet	1 to 2
Notes to the Financial Statements	3 to 4

Harte Consulting Limited

Balance Sheet

31 December 2016

	Note	2016 £	2015 £
Current assets
Cash at bank and in hand		2,568	284
Creditors: Amounts falling due within one year	4	(22,787)	(19,844)
Net liabilities		(20,219)	(19,560)
Capital and reserves
Called up share capital		100	100
Profit and loss account		(20,319)	(19,660)
Total equity		(20,219)	(19,560)

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

Page 1

Harte Consulting Limited

Balance Sheet

31 December 2016

For the financial year ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 26 September 2017 and signed on its behalf by:
 

 

D B Harte

Director

Company Registration Number: 05682372

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

Page 2

Harte Consulting Limited

Notes to the Financial Statements

Year Ended 31 December 2016

1	General information

The company is a private company limited by share capital incorporated in England and Wales.

The address of its registered office is:
29 East Avenue
Talbot Woods
Bournemouth
Dorset
BH3 7BS

These financial statements were authorised for issue by the Board on 26 September 2017.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Change in basis of accounting

The company's financial statements have been prepared in accordance with FRS102 - the Financial Reporting Standard applicable in the UK and Republic of Ireland. The company has transferred from previously extant UK GAAP to FRS102 as at 1 January 2015.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Page 3

Harte Consulting Limited

Notes to the Financial Statements

Year Ended 31 December 2016

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.



 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2015 - 2).

4

Creditors

	2016  £	2015  £
Due within one year
Social security and other taxes	14,235	14,235
Other creditors	8,072	5,069
Accrued expenses	480	540
	22,787	19,844

5	Transition to FRS 102

This is the first year that the accounts have been prepared under FRS 102, however, this has not affected the financial position of the comparative figures.

Page 4