03886673 1.7.14 30.6.15 30.6.15 Company accounts Private Limited Company FY true false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure038866732014-06-30038866732015-06-30038866732014-07-012015-06-30038866732013-06-30038866732013-07-012014-06-30038866732014-06-3003886673ns12:England2014-07-012015-06-3003886673ns14:PoundSterling2014-07-012015-06-3003886673ns7:Director12014-07-012015-06-3003886673ns7:OrdinaryShareClass12014-07-012015-06-3003886673ns7:CompanySecretary2014-07-012015-06-3003886673ns7:RegisteredOffice2014-07-012015-06-3003886673ns7:EntityAccountantsOrAuditors2014-07-012015-06-3003886673ns5:LandBuildings2014-07-012015-06-3003886673ns5:PlantMachinery2014-07-012015-06-3003886673ns5:FixedAssetInvestmentsOtherThanLoans2015-06-3003886673ns5:FixedAssetInvestmentsOtherThanLoans2014-06-3003886673ns7:OrdinaryShareClass12015-06-3003886673ns7:OrdinaryShareClass12014-06-30
REGISTERED NUMBER: 03886673 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2015

FOR

HARWOOD HIDE LIMITED
HARWOOD HIDE LIMITED (REGISTERED NUMBER: 03886673)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4
HARWOOD HIDE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2015







DIRECTOR: S J Scott





SECRETARY: Mrs D Kennedy-scott





REGISTERED OFFICE: The Weaving Shed, Imperial Mill
Gorse Street
Blackburn
Lancashire
BB1 3EU





REGISTERED NUMBER: 03886673 (England and Wales)





ACCOUNTANTS: Brosnans
Chartered Accountants
Birkby House
Bailiff Bridge
Brighouse
West Yorkshire
HD6 4JJ
HARWOOD HIDE LIMITED (REGISTERED NUMBER: 03886673)

ABBREVIATED BALANCE SHEET
30 JUNE 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 509,632 517,753
Investments 3 50 50
509,682 517,803

CURRENT ASSETS
Stocks - 433,800
Debtors 460,936 956,256
Cash at bank - 34,514
460,936 1,424,570
CREDITORS
Amounts falling due within one year 4 281,928 1,214,508
NET CURRENT ASSETS 179,008 210,062
TOTAL ASSETS LESS CURRENT
LIABILITIES

688,690

727,865

CREDITORS
Amounts falling due after more than
one year

835,105

835,105
NET LIABILITIES (146,415 ) (107,240 )
HARWOOD HIDE LIMITED (REGISTERED NUMBER: 03886673)

ABBREVIATED BALANCE SHEET - continued
30 JUNE 2015

2015 2014
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 5 100,000 100,000
Profit and loss account (246,415 ) (207,240 )
SHAREHOLDERS' FUNDS (146,415 ) (107,240 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 17 March 2016 and were signed by:





S J Scott - Director

HARWOOD HIDE LIMITED (REGISTERED NUMBER: 03886673)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2015

1. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention, and in
accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements have been prepared on the basis that the company can continue to operate
as a going concern.

Included within creditors due after one year is a long term loan of £835,105 and the director has
confirmed that this loan is not repayable within the next twelve months; the company's balance
sheet shows net current assets of £688,690 (2014 - £727,865).

The director therefore considers it appropriate to draw up the financial statements on a going
concern basis.

If the company was unable to continue as a going concern, the financial statements would have to
be adjusted to write down assets to their recoverable amounts, to provide for any additional losses
or liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets
and current liabilities.

ACCOUNTING CONVENTION
The financial statements have been prepared under the historical cost convention and in accordance
with the Financial Reporting Standard for Smaller Entities (effective January 2015).

TURNOVER
Turnover represents net invoiced sales of goods, excluding value added tax.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings - 2% on cost and over the unexpired term of the lease
Plant and machinery etc - 25% on cost

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

FOREIGN CURRENCIES
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling
at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate
of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving
at the operating result.

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.
HARWOOD HIDE LIMITED (REGISTERED NUMBER: 03886673)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 JUNE 2015

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2014 607,625
Additions 13,500
Disposals (7,250 )
At 30 June 2015 613,875
DEPRECIATION
At 1 July 2014 89,872
Charge for year 17,543
Eliminated on disposal (3,172 )
At 30 June 2015 104,243
NET BOOK VALUE
At 30 June 2015 509,632
At 30 June 2014 517,753

3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 July 2014
and 30 June 2015 50
NET BOOK VALUE
At 30 June 2015 50
At 30 June 2014 50

4. CREDITORS

Creditors include an amount of £ 116,714 for which security has been given.

They also include the following debts falling due in more than five years:

2015 2014
£    £   
Repayable otherwise than by instalments 835,105 835,105
HARWOOD HIDE LIMITED (REGISTERED NUMBER: 03886673)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 JUNE 2015

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100,000 Ordinary 1 100,000 100,000

Options

Monitor

  • Receive an alert email on changes to financial status
  • Early indications of liquidity problems
  • Warns when company reporting is overdue
  • Free service, no spam emails
Monitor Now

Please Help Us!

Was this document useful to you? Please Like our page. The more Likes we get, the more documents we can supply you free. Thanks.