REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 31 December 2015 |
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for |
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HARDING BROS (SHIPPING CONTRACTORS) |
LIMITED |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 31 December 2015 |
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for |
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HARDING BROS (SHIPPING CONTRACTORS) |
LIMITED |
HARDING BROS (SHIPPING CONTRACTORS) |
LIMITED (REGISTERED NUMBER: 00550332) |
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Contents of the Abbreviated Accounts |
FOR THE YEAR ENDED 31 DECEMBER 2015 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
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Chartered Accountants' Report | 8 |
HARDING BROS (SHIPPING CONTRACTORS) |
LIMITED |
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Company Information |
FOR THE YEAR ENDED 31 DECEMBER 2015 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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BANKERS: |
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HARDING BROS (SHIPPING CONTRACTORS) |
LIMITED (REGISTERED NUMBER: 00550332) |
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Abbreviated Balance Sheet |
31 DECEMBER 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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Investments | 3 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Share premium |
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Revaluation reserve |
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Capital redemption reserve |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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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. |
HARDING BROS (SHIPPING CONTRACTORS) |
LIMITED (REGISTERED NUMBER: 00550332) |
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Abbreviated Balance Sheet - continued |
31 DECEMBER 2015 |
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The financial statements were approved by the Board of Directors on
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HARDING BROS (SHIPPING CONTRACTORS) |
LIMITED (REGISTERED NUMBER: 00550332) |
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Notes to the Abbreviated Accounts |
FOR THE YEAR ENDED 31 DECEMBER 2015 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the revaluation |
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January |
2015). |
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Turnover |
Turnover represents net invoiced sales of services, excluding value added tax. |
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Tangible fixed assets |
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Long leasehold | - |
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Plant and machinery | - |
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Included in plant and machinery are items of computer equipment which have been depreciated at 33% on cost, |
all other items of plant and machinery have been depreciated at 25% reducing balance. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at |
the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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Consolidation |
The company's directors have taken advantage of s.479 of the Companies Act 2006 and not produced |
consolidated financial statements as the group falls within the definition of a small group as defined by s.479 of |
the same Act. |
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Deferred taxation |
Deferred taxation is provided for in full in respect of all timing differences that have originated, but are not |
reversed by the balance sheet date except for: revaluation gains and losses unless, by the balance sheet date, the |
company has entered into a binding agreement to sell the asset and has revalued the asset to the selling price; and |
taxable gains arising on revaluations or sales if it is more likely than not that the gain will be rolled over into a |
replacement asset. |
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Deferred tax assets are recognised where it is considered more likely than not that future profits will be available |
for offset. |
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Revaluation of properties |
Leasehold properties are carried at their open market value. A full valuation is undertaken every five years by a |
firm of independent valuers with an interim valuation in year three. |
HARDING BROS (SHIPPING CONTRACTORS) |
LIMITED (REGISTERED NUMBER: 00550332) |
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Notes to the Abbreviated Accounts - continued |
FOR THE YEAR ENDED 31 DECEMBER 2015 |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST OR VALUATION |
At 1 January 2015 |
and 31 December 2015 |
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DEPRECIATION |
At 1 January 2015 |
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Charge for year |
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At 31 December 2015 |
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NET BOOK VALUE |
At 31 December 2015 |
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At 31 December 2014 |
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A lease was entered into in 1973 for a 99 year duration. At the balance sheet date there was 57 years remaining. |
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During 2013 a further leasehold property was acquired under a 1,000 year lease commencing in 1992. At the |
balance sheet date there was 976 years remaining. |
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During the year another leasehold property was acquired under a 999 year lease commencing in 2009. At the |
balance sheet date there was 992 years remaining. |
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3. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
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COST |
At 1 January 2015 |
and 31 December 2015 | 60 |
NET BOOK VALUE |
At 31 December 2015 |
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At 31 December 2014 |
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HARDING BROS (SHIPPING CONTRACTORS) |
LIMITED (REGISTERED NUMBER: 00550332) |
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Notes to the Abbreviated Accounts - continued |
FOR THE YEAR ENDED 31 DECEMBER 2015 |
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3. | FIXED ASSET INVESTMENTS - continued |
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The company's investments at the Balance Sheet date in the share capital of companies include the following: |
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Country of incorporation: England and Wales. |
Nature of business:
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Class of shares: | holding |
Ordinary | 50.00 |
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£ | £ |
Aggregate capital and reserves | (5 | ) | (5 | ) |
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In 1999 it was recognised that the above investment had no value and as such provision was made to bring the |
carrying value to nil. |
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Country of incorporation: England and Wales |
Nature of business:
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Class of shares: | holding |
Ordinary | 60.00 |
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£ | £ |
Aggregate capital and reserves | 449,272 | 362,877 |
Profit for the year | 136,395 | 188,356 |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary A shares | £1 |
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5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 31 December 2015 and |
31 December 2014: |
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2015 | 2014 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Balance outstanding at end of year |
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HARDING BROS (SHIPPING CONTRACTORS) |
LIMITED (REGISTERED NUMBER: 00550332) |
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Notes to the Abbreviated Accounts - continued |
FOR THE YEAR ENDED 31 DECEMBER 2015 |
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5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued |
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Mr. N G Harding's overdrawn loan account has been repaid since the year end. |
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The directors have rights accruing under a company pension scheme. |
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During the year the company traded with its subsidiary company and companies in which the directors have a |
material interest as follows; |
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(a) Mr N G Harding and Mr D J Harding are directors in Harding Brothers (Shipping Bond) Limited a dormant |
company. At 31 December 2015 an amount of £10,875 (2014 - £10,875) was due to that company. |
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(b) Mr N G Harding is also a director of Harding Brothers Retail Limited. During the year Harding Brothers |
(Shipping Contractors) Limited recharged goods and services to them. As at 31 December 2015 Harding |
Brothers Retail Limited owed the company £65,261 (2014 - £65,758) this is included within trade debtors. |
Similarly, at 31 December 2015 an amount of £46,459 (2014 - £49,958) is due to Harding Brothers Retail |
Limited, this amount is included in Trade Creditors. |
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(c) Mr D J Harding is also a director of Harding Marine Services Limited. During the year Harding Brothers |
(Shipping Contractors) Limited recharged goods and services to them. As at 31 December 2015 Harding |
Marine Services Limited owed the company £18,077 (2014 - £nil) this is included within trade debtors. |
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6. | ULTIMATE CONTROLLING PARTY |
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Mr D J Harding a director, controlled the company by virtue of an interest of 45% of the issued ordinary voting |
share capital in the company |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Harding Bros (Shipping Contractors) |
Limited |
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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 seven) |
have been prepared. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Harding Bros (Shipping Contractors) Limited for the year ended 31 December 2015 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. |
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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. |
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This report is made solely to the Board of Directors of Harding Bros (Shipping Contractors) 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 Harding Bros (Shipping Contractors) Limited and state those matters that we have agreed to state to the Board of Directors of Harding Bros (Shipping Contractors) Limited, 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 the company and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that Harding Bros (Shipping Contractors) 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 Harding Bros (Shipping Contractors) Limited. You consider that Harding Bros (Shipping Contractors) Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Harding Bros (Shipping Contractors) 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. |
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30 August 2016 |