Registered Number 06768127

HARRIS TIMBER PRODUCTS LIMITED

Abbreviated Accounts

31 December 2014

HARRIS TIMBER PRODUCTS LIMITED Registered Number 06768127

Abbreviated Balance Sheet as at 31 December 2014

Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 3,840 4,800
Tangible assets 3 5,605 7,254
9,445 12,054
Current assets
Stocks 30,000 30,000
Debtors 70,298 56,163
100,298 86,163
Creditors: amounts falling due within one year (81,432) (86,355)
Net current assets (liabilities) 18,866 (192)
Total assets less current liabilities 28,311 11,862
Provisions for liabilities (676) (908)
Total net assets (liabilities) 27,635 10,954
Capital and reserves
Called up share capital 4 100 100
Profit and loss account 27,535 10,854
Shareholders' funds 27,635 10,954
  • For the year ending 31 December 2014 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 14 July 2015

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

HARRIS TIMBER PRODUCTS LIMITED Registered Number 06768127

Notes to the Abbreviated Accounts for the period ended 31 December 2014

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
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over the useful economic life as follows:

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

Intangible assets amortisation policy
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Goodwill - Over 10 years

2Intangible fixed assets
£
Cost
At 1 January 2014 9,600
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2014 9,600
Amortisation
At 1 January 2014 4,800
Charge for the year 960
On disposals -
At 31 December 2014 5,760
Net book values
At 31 December 2014 3,840
At 31 December 2013 4,800
3Tangible fixed assets
£
Cost
At 1 January 2014 21,312
Additions 220
Disposals -
Revaluations -
Transfers -
At 31 December 2014 21,532
Depreciation
At 1 January 2014 14,058
Charge for the year 1,869
On disposals -
At 31 December 2014 15,927
Net book values
At 31 December 2014 5,605
At 31 December 2013 7,254
4Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
100 Ordinary shares of £1 each 100 100