Caseware UK (AP4) 2016.0.181 2016.0.181 2018-03-312018-03-31truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activityfalse2017-04-01 02237830 2017-04-01 2018-03-31 02237830 2016-04-01 2017-03-31 02237830 2018-03-31 02237830 2017-03-31 02237830 c:Director1 2017-04-01 2018-03-31 02237830 d:FurnitureFittings 2017-04-01 2018-03-31 02237830 d:FurnitureFittings 2018-03-31 02237830 d:FurnitureFittings 2017-03-31 02237830 d:FurnitureFittings d:OwnedOrFreeholdAssets 2017-04-01 2018-03-31 02237830 d:Goodwill 2017-04-01 2018-03-31 02237830 d:Goodwill 2018-03-31 02237830 d:Goodwill 2017-03-31 02237830 d:CurrentFinancialInstruments 2018-03-31 02237830 d:CurrentFinancialInstruments 2017-03-31 02237830 c:FRS102 2017-04-01 2018-03-31 02237830 c:AuditExempt-NoAccountantsReport 2017-04-01 2018-03-31 02237830 c:FullAccounts 2017-04-01 2018-03-31 02237830 c:PrivateLimitedCompanyLtd 2017-04-01 2018-03-31 iso4217:GBP xbrli:pure

Registered number: 02237830









HARPLAN LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2018

 
HARPLAN LIMITED
REGISTERED NUMBER: 02237830

BALANCE SHEET
AS AT 31 MARCH 2018

2018
2017
Note
£
£

  

Fixed assets
  

Intangible assets
 4 
25,667
32,667

Tangible assets
 5 
1,749
1,684

  
27,416
34,351

Current assets
  

Debtors: amounts falling due within one year
 6 
7,668
4,913

Cash at bank and in hand
 7 
41,379
48,332

  
49,047
53,245

Creditors: amounts falling due within one year
 8 
(27,855)
(51,567)

Net current assets
  
 
 
21,192
 
 
1,678

Total assets less current liabilities
  
48,608
36,029

  

  

  

Net assets excluding pension asset
  
48,608
36,029

Net assets
  
48,608
36,029


Capital and reserves
  

Called up share capital 
  
50
50

Profit and loss account
  
48,558
35,979

  
48,608
36,029


Page 1

 
HARPLAN LIMITED
REGISTERED NUMBER: 02237830
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2018

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 November 2018.




................................................
R Harris
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
HARPLAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

1.


General information

Harplan Limited is a private company limited by shares. The company is incorporated in England and Wales and the company registration number is 02237830.  The registered office is Aston House, Cornwall Avenue, London N3 1LF. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in the Statement of income and retained earnings using the effective interest method.

 
2.4

Taxation

Tax is recognised in the Statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 3

 
HARPLAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

2.Accounting policies (continued)

 
2.5

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of income and retained earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures & fittings
-
20% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of income and retained earnings.

 
2.7

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
HARPLAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

2.Accounting policies (continued)

 
2.9

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

Staff costs, including director's remuneration, were as follows:


The average monthly number of employees, including directors, during the year was 2 (2017 - 2).


4.


Intangible assets




Goodwill

£



Cost


At 1 April 2017
70,000



At 31 March 2018

70,000



Amortisation


At 1 April 2017
37,333


Charge for the year
7,000



At 31 March 2018

44,333



Net book value



At 31 March 2018
25,667



At 31 March 2017
32,667

Page 5

 
HARPLAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

5.


Tangible fixed assets





Fixtures & fittings

£



Cost or valuation


At 1 April 2017
5,628


Additions
1,488



At 31 March 2018

7,116



Depreciation


At 1 April 2017
3,944


Charge for the year on owned assets
1,423



At 31 March 2018

5,367



Net book value



At 31 March 2018
1,749



At 31 March 2017
1,684


6.


Debtors

2018
2017
£
£


Trade debtors
7,668
-

Other debtors
-
4,913

7,668
4,913



7.


Cash and cash equivalents

2018
2017
£
£

Cash at bank and in hand
41,379
48,332

41,379
48,332


Page 6

 
HARPLAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

8.


Creditors: Amounts falling due within one year

2018
2017
£
£

Corporation tax
3,688
6,903

Other taxation and social security
11,208
3,942

Other creditors
12,959
40,722

27,855
51,567



9.


TRANSACTIONS WITH DIRECTORS

At the balance sheet date, included within other creditors is an amount of £12,959 (2017: £40,722) owed to R Harris, a director and shareholder of the company. This amount is unsecured, interest free and repayable on demand.
During the year dividends totalling £3,000 (2017: £15,000) were paid to the director.


10.


Controlling party

The controlling party is R Harris, a director and shareholder, by virtue of his majority shareholding. 

 
Page 7