IRIS Accounts Production v22.1.4.3 06168180 Board of Directors 1.10.20 30.9.21 30.9.21 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure061681802020-09-30061681802021-09-30061681802020-10-012021-09-30061681802019-09-30061681802019-10-012020-09-30061681802020-09-3006168180ns16:EnglandWales2020-10-012021-09-3006168180ns15:PoundSterling2020-10-012021-09-3006168180ns11:Director12020-10-012021-09-3006168180ns11:PrivateLimitedCompanyLtd2020-10-012021-09-3006168180ns11:SmallEntities2020-10-012021-09-3006168180ns11:AuditExempt-NoAccountantsReport2020-10-012021-09-3006168180ns11:SmallCompaniesRegimeForDirectorsReport2020-10-012021-09-3006168180ns11:SmallCompaniesRegimeForAccounts2020-10-012021-09-3006168180ns11:FullAccounts2020-10-012021-09-3006168180ns11:OrdinaryShareClass12020-10-012021-09-3006168180ns11:Director22020-10-012021-09-3006168180ns11:CompanySecretary12020-10-012021-09-3006168180ns11:RegisteredOffice2020-10-012021-09-3006168180ns6:CurrentFinancialInstruments2021-09-3006168180ns6:CurrentFinancialInstruments2020-09-3006168180ns6:Non-currentFinancialInstruments2021-09-3006168180ns6:Non-currentFinancialInstruments2020-09-3006168180ns6:ShareCapital2021-09-3006168180ns6:ShareCapital2020-09-3006168180ns6:RevaluationReserve2021-09-3006168180ns6:RevaluationReserve2020-09-3006168180ns6:RetainedEarningsAccumulatedLosses2021-09-3006168180ns6:RetainedEarningsAccumulatedLosses2020-09-3006168180ns6:PlantMachinery2020-10-012021-09-3006168180ns6:FurnitureFittings2020-10-012021-09-3006168180ns6:MotorVehicles2020-10-012021-09-3006168180ns6:PlantMachinery2020-09-3006168180ns6:FurnitureFittings2020-09-3006168180ns6:MotorVehicles2020-09-3006168180ns6:PlantMachinery2021-09-3006168180ns6:FurnitureFittings2021-09-3006168180ns6:MotorVehicles2021-09-3006168180ns6:PlantMachinery2020-09-3006168180ns6:FurnitureFittings2020-09-3006168180ns6:MotorVehicles2020-09-3006168180ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2020-09-3006168180ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2020-09-3006168180ns6:LeasedAssetsHeldAsLessee2020-09-3006168180ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2020-10-012021-09-3006168180ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2020-10-012021-09-3006168180ns6:LeasedAssetsHeldAsLessee2020-10-012021-09-3006168180ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2021-09-3006168180ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2021-09-3006168180ns6:LeasedAssetsHeldAsLessee2021-09-3006168180ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2020-09-3006168180ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2020-09-3006168180ns6:LeasedAssetsHeldAsLessee2020-09-3006168180ns6:WithinOneYearns6:CurrentFinancialInstruments2021-09-3006168180ns6:WithinOneYearns6:CurrentFinancialInstruments2020-09-3006168180ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2021-09-3006168180ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2020-09-3006168180ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2021-09-3006168180ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2020-09-3006168180ns6:MoreThanFiveYearsns6:Non-currentFinancialInstruments2021-09-3006168180ns6:MoreThanFiveYearsns6:Non-currentFinancialInstruments2020-09-3006168180ns6:WithinOneYearns6:CurrentFinancialInstrumentsns6:HirePurchaseContracts2021-09-3006168180ns6:WithinOneYearns6:CurrentFinancialInstrumentsns6:HirePurchaseContracts2020-09-3006168180ns6:BetweenOneFiveYearsns6:HirePurchaseContracts2021-09-3006168180ns6:BetweenOneFiveYearsns6:HirePurchaseContracts2020-09-3006168180ns6:HirePurchaseContracts2021-09-3006168180ns6:HirePurchaseContracts2020-09-3006168180ns6:WithinOneYear2021-09-3006168180ns6:WithinOneYear2020-09-3006168180ns6:BetweenOneFiveYears2021-09-3006168180ns6:BetweenOneFiveYears2020-09-3006168180ns6:AllPeriods2021-09-3006168180ns6:AllPeriods2020-09-3006168180ns11:OrdinaryShareClass12021-09-3006168180ns6:RetainedEarningsAccumulatedLosses2020-09-3006168180ns6:RevaluationReserve2020-09-3006168180ns6:RetainedEarningsAccumulatedLosses2020-10-012021-09-30
REGISTERED NUMBER: 06168180 (England and Wales)















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: Mr J Greenhalgh
Mr R I McCarthy





SECRETARY: Mr R I McCarthy





REGISTERED OFFICE: 41 St Thomas's Road
Chorley
Lancashire
PR7 1JE





REGISTERED NUMBER: 06168180 (England and Wales)





ACCOUNTANTS: Abrams Ashton - Chorley Limited
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 4 356,125 384,078

CURRENT ASSETS
Stocks 54,230 38,190
Debtors 5 246,487 115,756
Cash at bank and in hand 3,659 2,651
304,376 156,597
CREDITORS
Amounts falling due within one year 6 264,813 175,307
NET CURRENT ASSETS/(LIABILITIES) 39,563 (18,710 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

395,688

365,368

CREDITORS
Amounts falling due after more than one
year

7

(131,430

)

(160,704

)

PROVISIONS FOR LIABILITIES (41,393 ) (33,477 )
NET ASSETS 222,865 171,187

CAPITAL AND RESERVES
Called up share capital 10 300 300
Non-distributable reserves 11 28,476 31,640
Retained earnings 11 194,089 139,247
SHAREHOLDERS' FUNDS 222,865 171,187

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2021 in accordance with Section 476 of the Companies Act 2006.

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


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

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 10th August 2022 and were signed on its behalf by:





Mr J Greenhalgh - Director


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 private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 3 (2020 - 3 ) .

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 463,559 1,655 31,805 497,019
Additions - - 13,750 13,750
At 30th September 2021 463,559 1,655 45,555 510,769
DEPRECIATION
At 1st October 2020 88,076 1,655 23,210 112,941
Charge for year 37,549 - 4,154 41,703
At 30th September 2021 125,625 1,655 27,364 154,644
NET BOOK VALUE
At 30th September 2021 337,934 - 18,191 356,125
At 30th September 2020 375,483 - 8,595 384,078

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 428,633 - 428,633
Additions - 13,750 13,750
Transfer to ownership (208,075 ) - (208,075 )
At 30th September 2021 220,558 13,750 234,308
DEPRECIATION
At 1st October 2020 81,441 - 81,441
Charge for year 34,719 2,005 36,724
Transfer to ownership (56,389 ) - (56,389 )
At 30th September 2021 59,771 2,005 61,776
NET BOOK VALUE
At 30th September 2021 160,787 11,745 172,532
At 30th September 2020 347,192 - 347,192

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.21 30.9.20
£    £   
Trade debtors 240,160 110,489
Other debtors - 5,267
VAT 6,327 -
246,487 115,756

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.21 30.9.20
£    £   
Bank loans and overdrafts 10,000 833
Hire purchase contracts (see note 8) 28,787 78,411
Trade creditors 161,383 29,669
Social security and other taxes 23,412 10,838
VAT - 24,516
Other creditors 18,581 8,347
Directors' current accounts 20,000 20,000
Accrued expenses 2,650 2,693
264,813 175,307

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 10,000 10,000
Bank loans - 2-5 years 29,167 30,000
Bank loans more 5 yr by instal - 9,167
Hire purchase contracts (see note 8) 22,542 40,829
Directors loan accounts 69,721 70,708
131,430 160,704

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 28,787 78,411
Between one and five years 22,542 40,829
51,329 119,240

Non-cancellable operating leases
30.9.21 30.9.20
£    £   
Within one year 3,036 6,073
Between one and five years - 3,036
3,036 9,109

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: £    £   
300 Ordinary £1 300 300

11. RESERVES
Retained Non-distributable
earnings reserves Totals
£    £    £   

At 1st October 2020 139,247 31,640 170,887
Profit for the year 51,678 51,678
Depreciation on revalued asset 3,906 (3,906 ) -
Deferred tax on revalued asset (742 ) 742 -
At 30th September 2021 194,089 28,476 222,565

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.