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REGISTERED NUMBER: 06880613 (England and Wales)















HARVEY SCOTTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2022






HARVEY SCOTTS LIMITED (REGISTERED NUMBER: 06880613)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2022










Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


HARVEY SCOTTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2022







DIRECTORS: Mr M L Scott
Mrs A J Scott



REGISTERED OFFICE: 43-45 Devizes Road
SWINDON
Wiltshire
SN1 4BG



REGISTERED NUMBER: 06880613 (England and Wales)



ACCOUNTANTS: Morris Owen
Chartered Accountants
43-45 Devizes Road
SWINDON
Wiltshire
SN1 4BG



BANKERS: Lloyds Bank Plc
38 Market Place
DEVIZES
Wiltshire

HARVEY SCOTTS LIMITED (REGISTERED NUMBER: 06880613)

STATEMENT OF FINANCIAL POSITION
31ST MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 382,840

CURRENT ASSETS
Stocks - 6,618
Debtors 5 1,070 4,369
Cash at bank and in hand 54,771 2,731
55,841 13,718
CREDITORS
Amounts falling due within one year 6 19,835 65,892
NET CURRENT ASSETS/(LIABILITIES) 36,006 (52,174 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,006

330,666

CREDITORS
Amounts falling due after more than
one year

7

-

(308,560

)

PROVISIONS FOR LIABILITIES - (266 )
NET ASSETS 36,006 21,840

CAPITAL AND RESERVES
Called up share capital 9 870 1,000
Capital redemption reserve 130 -
Retained earnings 35,006 20,840
SHAREHOLDERS' FUNDS 36,006 21,840

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 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.

HARVEY SCOTTS LIMITED (REGISTERED NUMBER: 06880613)

STATEMENT OF FINANCIAL POSITION - continued
31ST MARCH 2022


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th August 2022 and were signed on its behalf by:





Mr M L Scott - Director


HARVEY SCOTTS LIMITED (REGISTERED NUMBER: 06880613)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2022


1. STATUTORY INFORMATION

Harvey Scotts Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06880613

Registered office: 43 - 45 Devizes Road, Swindon, Wiltshire, SN1 4BG

The presentation currency of the financial statements is the Pound Sterling (£) rounded to the nearest pound.

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.

Significant judgements and estimates
In preparing these financial statements, the directors have made the following judgements:
- Determine the period of useful economic life and any residual value of all tangible fixed assets order to write off the value of each asset over that period.
- Determine an appropriate provision for obsolete and slow moving stocks by assessing the net realisable value of all stock lines on a line by line basis.
- Determine an appropriate provision for bad and doubtful debts by assessing the recoverability of all balances on a balance by balance basis.

Turnover
Turnover, including consultancy, is measured at fair value of the consideration received or receivable, excluding discounts, rebates and value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - depreciated to residual value
Plant and machinery - 12.5% on cost
Fixtures and fittings - 12.5% on cost
Computer equipment - 25% on cost

Government grants
In the year Harvey Scotts received £5,994 (2021: £89,162) in respect of the Coronavirus Job Retention Scheme and £12,000 (2021: £40,900) in respect of the start-up grant from Wiltshire Council and nil (2021: £1,146) in respect of Bounceback Loan interest.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
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.

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


HARVEY SCOTTS LIMITED (REGISTERED NUMBER: 06880613)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2022


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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2021 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st April 2021 394,297 194,142 588,439
Disposals (394,297 ) (194,142 ) (588,439 )
At 31st March 2022 - - -
DEPRECIATION
At 1st April 2021 21,930 183,669 205,599
Charge for year 2,193 1,374 3,567
Eliminated on disposal (24,123 ) (185,043 ) (209,166 )
At 31st March 2022 - - -
NET BOOK VALUE
At 31st March 2022 - - -
At 31st March 2021 372,367 10,473 382,840

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 1,070 4,369

HARVEY SCOTTS LIMITED (REGISTERED NUMBER: 06880613)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2022


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts - 11,377
Trade creditors - 3,951
Taxation and social security 17,326 6,026
Other creditors 2,509 44,538
19,835 65,892

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Other creditors - 308,560

Amounts falling due in more than five years:

Repayable by instalments
Other loans - 5+ years - 204,016

8. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Other loans - 281,978

The bank loan in existence last year was secured on a fixed and floating charge over the freehold property known as The Bell Inn at West Overton, 99 Bath Road, Malborough, SN8 1QD dated 25/09/2015.

The bank loan was repaid on 30/09/2021.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
870 Ordinary £1 870 1,000
(2021 - 1,000
)

On 17 December 2021 the company repurchased 130 ordinary shares for £20,000.