Company Registration No. 09314666 (England and Wales)
HARLAND ASSOCIATES LIMITED
Director's report and unaudited financial statements
For the period ended 30 November 2015
HARLAND ASSOCIATES LIMITED
COMPANY INFORMATION
Director
Mr R A Leith
Secretary
WSM Services Limited
Company number
09314666
Registered office
Connect House
133-137 Alexandra Road
Wimbledon
London
SW19 7JY
Accountants
WSM Advisors Limited
Connect House
133-137 Alexandra Road
Wimbledon
London
SW19 7JY
HARLAND ASSOCIATES LIMITED
CONTENTS
Page
Director's report
1
Accountants' report
2
Profit and loss account
3
Balance sheet
4
Notes to the financial statements
5 - 6
HARLAND ASSOCIATES LIMITED
DIRECTOR'S REPORT
For the period ended 30 November 2015
- 1 -
The director presents his report and financial statements for the period ended 30 November 2015.
Director
The following director has held office since 17 November 2014:
Mr R A Leith
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
On behalf of the board
Mr R A Leith
Director
15 August 2016
HARLAND ASSOCIATES LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF HARLAND ASSOCIATES LIMITED FOR THE PERIOD ENDED 30 NOVEMBER 2015
- 2 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Harland Associates Limited for the period ended 30 November 2015 set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of Harland Associates Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Harland Associates Limited and state those matters that we have agreed to state to the Board of Directors of Harland Associates Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Harland Associates Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Harland Associates 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 Harland Associates Limited. You consider that Harland Associates Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of Harland Associates 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.
WSM Advisors Limited
15 August 2016
Chartered Accountants
Connect House
133-137 Alexandra Road
Wimbledon
London
SW19 7JY
HARLAND ASSOCIATES LIMITED
PROFIT AND LOSS ACCOUNT
For the period ended 30 November 2015
- 3 -
Period
ended
30 November
2015
Notes
£
Turnover
120,000
Administrative expenses
(4,648)
Profit on ordinary activities before taxation
115,352
Tax on profit on ordinary activities
2
(23,070)
Profit for the period
5
92,282
The profit and loss account has been prepared on the basis that all operations are continuing operations.
There are no recognised gains and losses other than those passing through the profit and loss account.
The notes on pages 5 to 6 form part of these financial statements.
HARLAND ASSOCIATES LIMITED
BALANCE SHEET
As at 30 November 2015
- 4 -
2015
Notes
£
£
Current assets
Cash at bank and in hand
123,000
Creditors: amounts falling due within one year
3
(30,717)
Total assets less current liabilities
92,283
Capital and reserves
Called up share capital
4
1
Profit and loss account
5
92,282
Shareholders' funds
6
92,283
For the financial period ended 30 November 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board and authorised for issue on 15 August 2016
Mr R A Leith
Director
Company Registration No. 09314666
HARLAND ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
For the period ended 30 November 2015
- 5 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
2
Taxation
2015
£
Domestic current year tax
U.K. corporation tax
23,070
Total current tax
23,070
Factors affecting the tax charge for the period
Profit on ordinary activities before taxation
115,352
Profit on ordinary activities before taxation multiplied by standard rate of UK corporation tax of 20.00%
23,070
Current tax charge for the period
23,070
3
Creditors: amounts falling due within one year
2015
£
Corporation tax
23,070
Director's current accounts
6,147
Accruals and deferred income
1,500
30,717
HARLAND ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For the period ended 30 November 2015
- 6 -
4
Share capital
2015
£
Allotted, called up and fully paid
1 Ordinary of £1 each
1
At the start of the period,
1
ordinary shares of £
1
each were allotted and fully paid at par for cash consideration to provide working capital.
5
Statement of movements on profit and loss account
Profit
and loss
account
£
Profit for the period
92,282
6
Reconciliation of movements in Shareholders' funds
2015
£
Profit for the financial period
92,282
Proceeds from issue of shares
1
Net addition to shareholders' funds
92,283
Opening Shareholders' funds
-
Closing Shareholders' funds
92,283
HARLAND ASSOCIATES LIMITED
DETAILED TRADING AND PROFIT AND LOSS ACCOUNT
For the period ended 30 November 2015
Period
ended
30 November
2015
£
£
Turnover
Consultancy Sales
120,000
Administrative expenses
Accountancy
4,648
4,648
Operating profit
115,352
Profit before taxation
115,352
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