Company Registration No. 04367598 (England and Wales)
HARLEY ACTION ENTERPRISES LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
HARLEY ACTION ENTERPRISES LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
HARLEY ACTION ENTERPRISES LTD
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
5,561
6,233
Investments
2
92,500
92,500
98,061
98,733
Current assets
Stocks
830
1,200
Debtors
16,472
49,365
Cash at bank and in hand
31,970
11,718
49,272
62,283
Creditors: amounts falling due within one year
(146,601)
(160,193)
Net current liabilities
(97,329)
(97,910)
Total assets less current liabilities
732
823
Provisions for liabilities
(763)
(821)
(31)
2
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
(33)
-
Shareholders' funds
(31)
2
For the financial year ended 31 March 2016 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 year 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 abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 16 December 2016
J C Dowdall
Director
Company Registration No. 04367598
HARLEY ACTION ENTERPRISES LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
25% Reducing Balance
Computer equipment
33% Straight Line
Fixtures, fittings & equipment
33% Straight Line
Motor vehicles
25% Reducing Balance
1.4
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 April 2015
62,792
92,500
155,292
Additions
1,610
-
1,610
At 31 March 2016
64,402
92,500
156,902
Depreciation
At 1 April 2015
56,561
-
56,561
Charge for the year
2,280
-
2,280
At 31 March 2016
58,841
-
58,841
Net book value
At 31 March 2016
5,561
92,500
98,061
At 31 March 2015
6,233
92,500
98,733
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2
HARLEY ACTION ENTERPRISES LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
4
Ultimate parent company
The ultimate parent company is Harley Action Enterprises (UK) Limited, a company registered in England and Wales.