REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30th September 2021 |
for |
LISTER HARTMAN LIMITED |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30th September 2021 |
for |
LISTER HARTMAN LIMITED |
LISTER HARTMAN LIMITED (REGISTERED NUMBER: 06168180) |
Contents of the Financial Statements |
for the Year Ended 30th September 2021 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
LISTER HARTMAN LIMITED |
Company Information |
for the Year Ended 30th September 2021 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
41 St Thomas's Road |
Chorley |
Lancashire |
PR7 1JE |
LISTER HARTMAN LIMITED (REGISTERED NUMBER: 06168180) |
Balance Sheet |
30th September 2021 |
30.9.21 | 30.9.20 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 10 |
Non-distributable reserves | 11 |
Retained earnings | 11 |
SHAREHOLDERS' FUNDS |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
LISTER HARTMAN LIMITED (REGISTERED NUMBER: 06168180) |
Balance Sheet - continued |
30th September 2021 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
LISTER HARTMAN LIMITED (REGISTERED NUMBER: 06168180) |
Notes to the Financial Statements |
for the Year Ended 30th September 2021 |
1. | STATUTORY INFORMATION |
Lister Hartman Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Revenue recognition |
Revenue is measured at the fair value of the consideration received or receivable and represents amounts received for services rendered, stated net of discounts and of Value Added Tax. |
Revenue is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Impairment of Assets |
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss. |
If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss. |
Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
Financial instruments |
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
LISTER HARTMAN LIMITED (REGISTERED NUMBER: 06168180) |
Notes to the Financial Statements - continued |
for the Year Ended 30th September 2021 |
2. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
Cash and cash equivalents |
Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
LISTER HARTMAN LIMITED (REGISTERED NUMBER: 06168180) |
Notes to the Financial Statements - continued |
for the Year Ended 30th September 2021 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Motor |
machinery | fittings | vehicles | Totals |
£ | £ | £ | £ |
COST OR VALUATION |
At 1st October 2020 |
Additions |
At 30th September 2021 |
DEPRECIATION |
At 1st October 2020 |
Charge for year |
At 30th September 2021 |
NET BOOK VALUE |
At 30th September 2021 |
At 30th September 2020 |
Cost or valuation at 30th September 2021 is represented by: |
Fixtures |
Plant and | and | Motor |
machinery | fittings | vehicles | Totals |
£ | £ | £ | £ |
Valuation in 2018 | (129,655 | ) | - | - | (129,655 | ) |
Cost | 593,214 | 1,655 | 45,555 | 640,424 |
463,559 | 1,655 | 45,555 | 510,769 |
A revaluation of plant and machinery was undertaken by the directors in the year ended 30 September 2018. |
LISTER HARTMAN LIMITED (REGISTERED NUMBER: 06168180) |
Notes to the Financial Statements - continued |
for the Year Ended 30th September 2021 |
4. | TANGIBLE FIXED ASSETS - continued |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Plant and | Motor |
machinery | vehicles | Totals |
£ | £ | £ |
COST OR VALUATION |
At 1st October 2020 |
Additions |
Transfer to ownership | (208,075 | ) | - | (208,075 | ) |
At 30th September 2021 |
DEPRECIATION |
At 1st October 2020 |
Charge for year |
Transfer to ownership | (56,389 | ) | - | (56,389 | ) |
At 30th September 2021 |
NET BOOK VALUE |
At 30th September 2021 |
At 30th September 2020 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.21 | 30.9.20 |
£ | £ |
Trade debtors |
Other debtors |
VAT |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.21 | 30.9.20 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts (see note 8) |
Trade creditors |
Social security and other taxes |
VAT | - | 24,516 |
Other creditors |
Directors' current accounts | 20,000 | 20,000 |
Accrued expenses |
LISTER HARTMAN LIMITED (REGISTERED NUMBER: 06168180) |
Notes to the Financial Statements - continued |
for the Year Ended 30th September 2021 |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.9.21 | 30.9.20 |
£ | £ |
Bank loans - 1-2 years |
Bank loans - 2-5 years |
Bank loans more 5 yr by instal |
Hire purchase contracts (see note 8) |
Directors loan accounts |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | - | 9,167 |
8. | LEASING AGREEMENTS |
Minimum lease payments fall due as follows: |
Hire purchase contracts |
30.9.21 | 30.9.20 |
£ | £ |
Net obligations repayable: |
Within one year |
Between one and five years |
Non-cancellable | operating leases |
30.9.21 | 30.9.20 |
£ | £ |
Within one year |
Between one and five years |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
30.9.21 | 30.9.20 |
£ | £ |
Hire purchase contracts | 51,329 | 119,240 |
Hire purchase contracts are secured on the assets to which they relate. |
The bank loan was taken out under the government backed Bounce Back Loan Scheme. Interest charges for the first 12 months were funded by the UK government. |
LISTER HARTMAN LIMITED (REGISTERED NUMBER: 06168180) |
Notes to the Financial Statements - continued |
for the Year Ended 30th September 2021 |
10. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.9.21 | 30.9.20 |
value: | £ | £ |
Ordinary | £1 | 300 | 300 |
11. | RESERVES |
Retained | Non-distributable |
earnings | reserves | Totals |
£ | £ | £ |
At 1st October 2020 | 170,887 |
Profit for the year |
Depreciation on revalued asset | 3,906 | (3,906 | ) | - |
Deferred tax on revalued asset | (742 | ) | 742 | - |
At 30th September 2021 | 222,565 |
12. | RELATED PARTY DISCLOSURES |
At the 30th September 2021 the company owed to its directors £89,721 (2020: £90,708). No interest has been charged to the company in respect of this loan and there is no formal repayment date for this loan. £69,721 (2020: £70,708) of this loan is classified as creditors due after more than one year. |
At the 30th September 2021 the company owed £10,232 to McCarthy Greenhalgh (2020: the company was owed £4,444 by McCarthy Greenhalgh), a partnership operated by the directors of the company. No interest has been charged in respect of this loan and there is no formal repayment date for this loan. |
13. | ULTIMATE CONTROLLING PARTY |
Throughout the current and previous financial year, Mr J Greenalgh & Mr RI McCarthy have controlled the company by virtue of their 100% shareholding. |