Registered Number 06768127

HARRIS TIMBER PRODUCTS LIMITED

Abbreviated Accounts

31 December 2013

HARRIS TIMBER PRODUCTS LIMITED Registered Number 06768127

Abbreviated Balance Sheet as at 31 December 2013

Notes 2013 2012
£ £
Fixed assets
Intangible assets 2 4,800 5,760
Tangible assets 3 7,254 8,675
12,054 14,435
Current assets
Stocks 30,000 30,000
Debtors 56,162 49,359
86,162 79,359
Creditors: amounts falling due within one year (86,354) (94,883)
Net current assets (liabilities) (192) (15,524)
Total assets less current liabilities 11,862 (1,089)
Provisions for liabilities (908) (1,073)
Total net assets (liabilities) 10,954 (2,162)
Capital and reserves
Called up share capital 4 100 100
Profit and loss account 10,854 (2,262)
Shareholders' funds 10,954 (2,162)
  • For the year ending 31 December 2013 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 7 August 2014

And signed on their behalf by:
Mr F R Pinfold, Director

HARRIS TIMBER PRODUCTS LIMITED Registered Number 06768127

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & Machinery - 25% reducing balance
Motor Vehicles - 25% reducing balance

Intangible assets amortisation policy
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Goodwill - over 10 years

2Intangible fixed assets
£
Cost
At 1 January 2013 9,600
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2013 9,600
Amortisation
At 1 January 2013 3,840
Charge for the year 960
On disposals -
At 31 December 2013 4,800
Net book values
At 31 December 2013 4,800
At 31 December 2012 5,760
3Tangible fixed assets
£
Cost
At 1 January 2013 20,314
Additions 998
Disposals -
Revaluations -
Transfers -
At 31 December 2013 21,312
Depreciation
At 1 January 2013 11,639
Charge for the year 2,419
On disposals -
At 31 December 2013 14,058
Net book values
At 31 December 2013 7,254
At 31 December 2012 8,675
4Called Up Share Capital
Allotted, called up and fully paid:
2013
£
2012
£
100 Ordinary shares of £1 each 100 100