Hartburn Garage Limited - Accounts to registrar (filleted) - small 18.1

Hartburn Garage Limited - Accounts to registrar (filleted) - small 18.1


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REGISTERED NUMBER: 00636761(England and Wales)















Unaudited Financial Statements

for the Year Ended 31 October 2017

for

Hartburn Garage Limited

Hartburn Garage Limited (Registered number: 00636761)

Contents of the Financial Statements
for the Year Ended 31 October 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Hartburn Garage Limited

Company Information
for the Year Ended 31 October 2017







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)

Balance Sheet
31 October 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 146,476 156,980

CURRENT ASSETS
Stocks 29,831 26,901
Debtors 6 59,337 40,620
Cash at bank and in hand 33,369 4,404
122,537 71,925
CREDITORS
Amounts falling due within one year 7 176,286 151,528
NET CURRENT LIABILITIES (53,749 ) (79,603 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

92,727

77,377

PROVISIONS FOR LIABILITIES 11,037 12,843
NET ASSETS 81,690 64,534

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Revaluation reserve 8 30,675 30,675
Retained earnings 46,015 28,859
SHAREHOLDERS' FUNDS 81,690 64,534

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2017 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.

Hartburn Garage Limited (Registered number: 00636761)

Balance Sheet - continued
31 October 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 27 July 2018and were signed on its behalf by:




G W Abel- Director



Mrs W E Cowan- Director


Hartburn Garage Limited (Registered number: 00636761)

Notes to the Financial Statements
for the Year Ended 31 October 2017


1. STATUTORY INFORMATION

Hartburn Garage Limited is a private company, limited by shares, registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A
These financial statements for the year ended 31 October 2017 are the first that are prepared in accordance
with FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the
date of transition to FRS 102 Section 1A is 1 November 2015.

Significant judgements and estimates
There have been no significant judgements and estimates within the financial statements. All provisions made
including stock and depreciation of assets have been reviewed for accuracy and are in line with accounting
policies noted within the financial statements.

Changes in accounting policies
The principal accounting policies adopted in the preparation of the financial statements have remained
unchanged from the previous year and have been consistently applied with in the same accounts.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

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

Impairment reviews have been conducted to ensure no provisions are required.

No depreciation has been provided on building. In the opinion of the directors the policy is warranted, given
the continual repair and refurbishment of the properties. They are of the opinion the carrying value reflects the
residual value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Hartburn Garage Limited (Registered number: 00636761)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2017


3. ACCOUNTING POLICIES - continued

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws
that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal
of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9(2016 - 8) .

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2016 111,144 326,841 437,985
Additions - 3,500 3,500
Disposals - (1,530 ) (1,530 )
At 31 October 2017 111,144 328,811 439,955
DEPRECIATION
At 1 November 2016 66,180 214,825 281,005
Charge for year 2,223 11,535 13,758
Eliminated on disposal - (1,284 ) (1,284 )
At 31 October 2017 68,403 225,076 293,479
NET BOOK VALUE
At 31 October 2017 42,741 103,735 146,476
At 31 October 2016 44,964 112,016 156,980

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 43,146 10,108
Other debtors 16,191 30,512
59,337 40,620

Hartburn Garage Limited (Registered number: 00636761)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2017


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans and overdrafts - 4,070
Trade creditors 44,899 36,859
Taxation and social security 32,472 11,083
Other creditors 98,915 99,516
176,286 151,528

8. RESERVES
Revaluation
reserve
£   
At 1 November 2016
and 31 October 2017 30,675

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2017 and
31 October 2016:

2017 2016
£    £   
G W Abel
Balance outstanding at start of year 26,714 9,446
Amounts advanced 30,393 56,768
Amounts repaid (57,352 ) (39,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (245 ) 26,714

Mrs B Hitchcock
Balance outstanding at start of year (74,726 ) (74,726 )
Amounts repaid (20,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (94,726 ) (74,726 )

Mrs W E Cowan
Balance outstanding at start of year (383 ) (279 )
Amounts repaid - (104 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (383 ) (383 )

10. POST BALANCE SHEET EVENTS

Post balance sheet events have been considered and there are no adjusting and non-adjusting balance sheet
events to be disclosed.

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. In accordance with the Companies Act 2006, the company is only
required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other
primary statements and the Report of the Directors are not required to be filed with the Registrar of
Companies.

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 2017 which comprise the Income
Statement, Balance Sheet, Statement of Changes in Equity 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 and its 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


27 July 2018