Company Registration No. 4812493 (England and Wales)
The Houghton Project
Unaudited accounts
for the year ended 31 August 2017
The Houghton Project
Unaudited accounts
Contents
The Houghton Project
Company Information
for the year ended 31 August 2017
Directors
TN James-Moore
TV James-Moore
JIR Haste
Company Number
4812493 (England and Wales)
Registered Office
Houghton Court
Bodenham
Leominster
Herefordshire
HR1 3HZ
The Houghton Project
Statement of financial position
as at
31 August 2017
Tangible assets
51,906
60,117
Cash at bank and in hand
55,876
46,682
Creditors: amounts falling due within one year
(4,994)
(6,125)
Net current assets
87,597
74,535
Net assets
139,503
134,652
Profit and loss account
139,503
134,652
Members' funds
139,503
134,652
For the year ending 31 August 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 24 May 2018.
TN James-Moore
Director
Company Registration No. 4812493
The Houghton Project
Notes to the Accounts
for the year ended 31 August 2017
The Houghton Project is a private company, limited by guarantee, registered in England and Wales, registration number 4812493. The registered office is Houghton Court, Bodenham, Leominster, Herefordshire, HR1 3HZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 August 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% straight line
Plant & machinery
10% of written down value
Motor vehicles
20% of written down value
The Houghton Project
Notes to the Accounts
for the year ended 31 August 2017
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2016
49,431
62,971
26,854
139,256
Additions
-
795
2,995
3,790
At 31 August 2017
49,431
63,766
29,849
143,046
At 1 September 2016
39,142
27,119
12,878
79,139
Charge for the year
4,943
3,664
3,394
12,001
At 31 August 2017
44,085
30,783
16,272
91,140
At 31 August 2017
5,346
32,983
13,577
51,906
At 31 August 2016
10,289
35,852
13,976
60,117
Raw materials
2,890
2,500
Trade debtors
31,034
30,617
Accrued income and prepayments
2,791
861
7
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
3,046
2,679
Other creditors
1,948
3,446
8
Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £5.
9
Average number of employees
During the year the average number of employees was 10 (2016: 7).