Registered Number 06768127

HARRIS TIMBER PRODUCTS LIMITED

Abbreviated Accounts

31 December 2015

HARRIS TIMBER PRODUCTS LIMITED Registered Number 06768127

Abbreviated Balance Sheet as at 31 December 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 2,880 3,840
Tangible assets 3 7,847 5,605
10,727 9,445
Current assets
Stocks 30,000 30,000
Debtors 76,646 70,298
106,646 100,298
Creditors: amounts falling due within one year (81,681) (81,432)
Net current assets (liabilities) 24,965 18,866
Total assets less current liabilities 35,692 28,311
Provisions for liabilities (1,205) (676)
Total net assets (liabilities) 34,487 27,635
Capital and reserves
Called up share capital 100 100
Profit and loss account 34,387 27,535
Shareholders' funds 34,487 27,635
  • For the year ending 31 December 2015 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 5 August 2016

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 2015

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 January 2015.

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 their expected 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 - 10% straight line

2Intangible fixed assets
£
Cost
At 1 January 2015 9,600
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2015 9,600
Amortisation
At 1 January 2015 5,760
Charge for the year 960
On disposals -
At 31 December 2015 6,720
Net book values
At 31 December 2015 2,880
At 31 December 2014 3,840
3Tangible fixed assets
£
Cost
At 1 January 2015 21,532
Additions 4,858
Disposals -
Revaluations -
Transfers -
At 31 December 2015 26,390
Depreciation
At 1 January 2015 15,927
Charge for the year 2,616
On disposals -
At 31 December 2015 18,543
Net book values
At 31 December 2015 7,847
At 31 December 2014 5,605