REGISTERED NUMBER:
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G.D.HARDY LIMITED |
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Abbreviated Unaudited Accounts |
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for the Year Ended 31 December 2015 |
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REGISTERED NUMBER:
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G.D.HARDY LIMITED |
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Abbreviated Unaudited Accounts |
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for the Year Ended 31 December 2015 |
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G.D.HARDY LIMITED (REGISTERED NUMBER: 01011504) |
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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 | to | 3 |
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Notes to the Abbreviated Accounts | 4 | to | 6 |
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Chartered Accountants' Report | 7 |
G.D.HARDY 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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G.D.HARDY LIMITED (REGISTERED NUMBER: 01011504) |
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Abbreviated Balance Sheet |
31 December 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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Investments | 4 |
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Investment property | 5 |
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CURRENT ASSETS |
Valuation |
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Debtors | 6 |
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Cash at bank and in hand |
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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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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Revaluation 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: |
(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. |
G.D.HARDY LIMITED (REGISTERED NUMBER: 01011504) |
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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
behalf by: |
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G.D.HARDY LIMITED (REGISTERED NUMBER: 01011504) |
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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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Preparation of consolidated financial statements |
The financial statements contain information about G.D.Hardy Limited as an individual company and do not |
contain consolidated financial information as the parent of a group. The company has taken the option under |
Section 398 of the Companies Act 2006 not to prepare consolidated financial statements. |
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Turnover |
Turnover represents net invoiced sales of produce, goods and services, excluding value added tax. |
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Sales of farming produce are recognised upon dispatch, revenue from the caravan site is recognised upon |
receipt and sales of caravans are recognised when the caravans are delivered to the customer. |
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Goodwill |
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Tangible fixed assets |
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Land and buildings | - |
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Plant and machinery etc | - |
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Investment property |
In accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), the |
investment properties are revalued annually and the aggregate surplus or deficit is transferred to the |
investment revaluation reserve unless a deficit is expected to be permanent, in which case it is charged to the |
profit and loss account for the year. |
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No depreciation is provided in respect of investment properties. This gives rise to a departure from the |
Companies Act 2006 which requires all assets with a limited useful economic life to be depreciated. As these |
properties are held for their investment potential rather than consumption, the directors consider that |
systematic annual depreciation would be inappropriate and the accounting policy adopted is therefore |
required for the financial statements to give a true and fair view. The amount of depreciation which would |
otherwise have been shown cannot be quantified as it is one of many factors taken into account when valuing |
the properties annually. |
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Stock |
Stocks have been certified by a qualified valuer at the lower of cost and net realisable value. |
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Caravans held in stock are goods for resale and are valued at the lower of cost and net realisable value. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. In accordance with the Financial Reporting Standard for Smaller Entities (effective January |
2015) deferred tax on property revaluation gains is only recognised where there is a commitment to sell that |
property at the balance sheet date. |
G.D.HARDY LIMITED (REGISTERED NUMBER: 01011504) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 December 2015 |
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1. | ACCOUNTING POLICIES - continued |
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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. |
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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. |
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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. |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 January 2015 |
and 31 December 2015 |
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AMORTISATION |
At 1 January 2015 |
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Amortisation for year |
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At 31 December 2015 |
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NET BOOK VALUE |
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At 31 December 2015 |
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At 31 December 2014 |
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3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 January 2015 |
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Additions |
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At 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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G.D.HARDY LIMITED (REGISTERED NUMBER: 01011504) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 December 2015 |
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4. | FIXED ASSET INVESTMENTS |
Unlisted |
investments |
£ |
COST |
At 1 January 2015 |
and 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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The company's investments at the Balance Sheet date in the share capital of companies include the following: |
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Nature of business:
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Class of shares: | holding |
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£ | £ |
Aggregate capital and reserves | 155,506 | 107,899 |
Profit for the year | 47,607 | 16,395 |
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5. | INVESTMENT PROPERTY |
Total |
£ |
COST OR VALUATION |
At 1 January 2015 |
and 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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6. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
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The aggregate total of debtors falling due after more than one year is £
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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'A' Ordinary | £1 |
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Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
G.D.Hardy 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 six) 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 G.D.Hardy 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 G.D.Hardy 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 G.D.Hardy Limited and state those matters that we have agreed to state to the Board of Directors of G.D.Hardy 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 G.D.Hardy 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 G.D.Hardy Limited. You consider that G.D.Hardy 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 G.D.Hardy 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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28 September 2016 |