Company Registration No. 5691548 (England and Wales)
Alan Harris Engineering Limited
Unaudited accounts
for the year ended 31 March 2017
Alan Harris Engineering Limited
Unaudited accounts
Contents
Alan Harris Engineering Limited
Company Information
for the year ended 31 March 2017
Directors
A Harris
M Harris
S Harris
Company Number
5691548 (England and Wales)
Registered Office
HILL FARM HOUSE, FERSFIELD
DISS
NORFOLK
IP22 2BJ
Alan Harris Engineering Limited
Statement of financial position
as at
31 March 2017
Intangible assets
60,000
60,000
Tangible assets
49,752
55,482
Cash at bank and in hand
100,152
89,439
Creditors: amounts falling due within one year
(122,037)
(113,557)
Net current liabilities
(14,296)
(17,003)
Total assets less current liabilities
95,456
98,479
Provisions for liabilities
Deferred tax
(4,870)
(5,281)
Called up share capital
100
100
Profit and loss account
90,486
93,098
Shareholders' funds
90,586
93,198
For the year ending 31 March 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 26 September 2017.
A Harris
Director
Company Registration No. 5691548
Alan Harris Engineering Limited
Notes to the Accounts
for the year ended 31 March 2017
Alan Harris Engineering Limited is a private company, limited by shares, registered in England and Wales, registration number 5691548. The registered office and principal place of business is HILL FARM HOUSE, FERSFIELD, DISS, NORFOLK, IP22 2BJ.
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 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 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:
Plant & machinery
25% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Alan Harris Engineering Limited
Notes to the Accounts
for the year ended 31 March 2017
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 April 2016
2,500
113,306
115,806
Additions
-
10,620
10,620
At 31 March 2017
2,500
123,926
126,426
At 1 April 2016
1,000
59,324
60,324
Charge for the year
200
16,150
16,350
At 31 March 2017
1,200
75,474
76,674
At 31 March 2017
1,300
48,452
49,752
At 31 March 2016
1,500
53,982
55,482
Finished goods
1,660
1,660
Trade debtors
5,929
5,455
8
Creditors: amounts falling due within one year
2017
2016
Trade creditors
13,500
7,168
Taxes and social security
22,637
20,489
Loans from directors
85,900
85,900
Alan Harris Engineering Limited
Notes to the Accounts
for the year ended 31 March 2017
9
Share capital
2017
2016
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 5 (2016: 4).