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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 AUGUST 2017 |
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HARVEY MARIA LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 AUGUST 2017 |
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FOR |
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HARVEY MARIA LIMITED |
HARVEY MARIA LIMITED (REGISTERED NUMBER: 03088672) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2017 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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HARVEY MARIA LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 AUGUST 2017 |
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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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Business Advisers and Accountants |
Fifth Floor |
11 Leadenhall Street |
London |
EC3V 1LP |
HARVEY MARIA LIMITED (REGISTERED NUMBER: 03088672) |
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STATEMENT OF FINANCIAL POSITION |
31 AUGUST 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks | 5 |
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Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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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 | 8 |
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Retained earnings | 9 |
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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. |
HARVEY MARIA LIMITED (REGISTERED NUMBER: 03088672) |
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STATEMENT OF FINANCIAL POSITION - continued |
31 AUGUST 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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HARVEY MARIA LIMITED (REGISTERED NUMBER: 03088672) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2017 |
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1. | STATUTORY INFORMATION |
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Harvey Maria Limited is a
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registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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BASIS OF PREPARING THE FINANCIAL STATEMENTS |
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TURNOVER |
The turnover shown in the profit and loss account represents amounts invoiced during the year. |
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TANGIBLE FIXED ASSETS |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Computer equipment | - |
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STOCKS |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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FINANCIAL INSTRUMENTS |
The company only enters into basic financial instruments transactions that result in the recognition of financial |
assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties. |
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Financial assets that are measured at cost and amortized cost are assessed at the end of each reporting period for |
objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognized |
in profit or loss. |
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For financial assets measured at amortized cost, the impairment loss is measured as the difference between an |
asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective |
interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is |
the current effective interest rate determined under the contract. |
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For financial assets measured at cost less impairment, the impairment loss is measured as the difference between |
an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company |
would receive for the asset if it were to be sold at the reporting date. |
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Financial assets and liabilities are offset and the net amount reported in the statement of financial position when |
there is an enforceable right to set off the recognized amounts and there is an intention to settle on a net basis or to |
realise the asset and settle the liability simultaneously. |
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HARVEY MARIA LIMITED (REGISTERED NUMBER: 03088672) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2017 |
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2. | ACCOUNTING POLICIES - continued |
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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 statement of financial position date. |
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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 profit or loss in the period to which they relate. |
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DIVIDENDS |
Equity dividends are recognized when they become legally payable. Interim equity dividends are recognized when |
paid. Final equity dividends are recognized when approved by the shareholders at an annual general meeting. |
Dividends on shares recognized as liabilities are recognized as expenses and classified within interest payable. |
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DEBTORS |
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially |
at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest |
method, less any impairment. |
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CREDITORS |
Short term creditors are measured at the transaction price. Loans from the director shareholders who are natural |
persons are also measured at transaction price irrespective of duration. Other financial liabilities, including bank |
loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost |
using the effective interest method. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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HARVEY MARIA LIMITED (REGISTERED NUMBER: 03088672) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2017 |
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Computer |
machinery | fittings | equipment | Totals |
£ | £ | £ | £ |
Cost |
At 1 September 2016 |
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Additions |
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At 31 August 2017 |
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Depreciation |
At 1 September 2016 |
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Charge for year |
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At 31 August 2017 |
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Net book value |
At 31 August 2017 |
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At 31 August 2016 |
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5. | STOCKS |
2017 | 2016 |
£ | £ |
Stocks |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
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Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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HARVEY MARIA LIMITED (REGISTERED NUMBER: 03088672) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2017 |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2017 | 2016 |
value: | £ | £ |
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Ordinary A | £1 | 52,000 | 52,000 |
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Ordinary B | £1 | 24,000 | 24,000 |
76,000 | 76,000 |
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9. | RESERVES |
Retained |
earnings |
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At 1 September 2016 |
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Profit for the year |
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Dividends | ( |
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At 31 August 2017 |
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10. | RELATED PARTY DISCLOSURES |
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During the year, total dividends of £60,000 (2016: £59,600) were paid to the directors. |
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At balance sheet date, there was an amount due to the director, Mr Mark S Findlay for £73,834 (2016: £62,138). |
This is an interest free advance to the company and does not have a fixed date of repayment. |
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At balance sheet date, there was an amount due to the director, Mr Richard Contreras for £79,708 (2016: £68,011). |
This is an interest free advance to the company and does not have a fixed date of repayment. |
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11. | ULTIMATE CONTROLLING PARTY |
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There is no single controlling party, |
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12. | FIRST YEAR ADOPTION |
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The company has adopted the FRS 102 section 1A from 1st September 2016. |
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The transition has not affected the financial position and performance of the company during the current and |
previous year. |