IRIS Accounts Production v23.2.0.158 09310577 Board of Directors Board of Directors 1.4.22 31.3.23 31.3.23 false true false false false true false Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh093105772022-03-31093105772023-03-31093105772022-04-012023-03-31093105772021-03-31093105772021-04-012022-03-31093105772022-03-3109310577ns10:Originalns15:EnglandWales2022-04-012023-03-3109310577ns14:PoundSterlingns10:Original2022-04-012023-03-3109310577ns10:Originalns10:Director12022-04-012023-03-3109310577ns10:Original2022-04-012023-03-3109310577ns10:Originalns10:Director22022-04-012023-03-3109310577ns10:Original2023-03-3109310577ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3109310577ns10:Originalns10:SmallEntities2022-04-012023-03-3109310577ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3109310577ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3109310577ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3109310577ns10:Originalns10:FullAccounts2022-04-012023-03-3109310577ns10:Original12022-04-012023-03-3109310577ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-3109310577ns10:Originalns10:OrdinaryShareClass22022-04-012023-03-3109310577ns10:Originalns10:RegisteredOffice2022-04-012023-03-3109310577ns10:Original2022-03-3109310577ns10:Originalns5:CurrentFinancialInstruments2023-03-3109310577ns10:Originalns5:CurrentFinancialInstruments2022-03-3109310577ns5:ShareCapitalns10:Original2023-03-3109310577ns5:ShareCapitalns10:Original2022-03-3109310577ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3109310577ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3109310577ns10:Originalns5:NetGoodwill2022-04-012023-03-3109310577ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-04-012023-03-3109310577ns10:Originalns5:PlantMachinery2022-04-012023-03-3109310577ns10:Originalns5:MotorVehicles2022-04-012023-03-3109310577ns10:Originalns5:ComputerEquipment2022-04-012023-03-3109310577ns10:Original2021-04-012022-03-3109310577ns10:Originalns5:NetGoodwill2022-03-3109310577ns10:Originalns5:NetGoodwill2023-03-3109310577ns10:Originalns5:NetGoodwill2022-03-3109310577ns10:Originalns5:PlantMachinery2022-03-3109310577ns10:Originalns5:MotorVehicles2022-03-3109310577ns10:Originalns5:ComputerEquipment2022-03-3109310577ns10:Original2022-03-3109310577ns10:Originalns5:PlantMachinery2023-03-3109310577ns10:Originalns5:MotorVehicles2023-03-3109310577ns10:Originalns5:ComputerEquipment2023-03-3109310577ns10:Originalns5:PlantMachinery2022-03-3109310577ns10:Originalns5:MotorVehicles2022-03-3109310577ns10:Originalns5:ComputerEquipment2022-03-3109310577ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3109310577ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3109310577ns10:Originalns10:OrdinaryShareClass12023-03-3109310577ns10:Originalns10:OrdinaryShareClass22023-03-31
REGISTERED NUMBER: 09310577 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Hartwell & Son Limited

Hartwell & Son Limited (Registered number: 09310577)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Hartwell & Son Limited

Company Information
for the year ended 31 March 2023







DIRECTORS: Mr S D Hartwell
Mr D D Hartwell





REGISTERED OFFICE: Pacioli House, 9 Brookfield
Duncan Close
Moulton Park
Northampton
Northamptonshire
NN3 6WL





REGISTERED NUMBER: 09310577 (England and Wales)





ACCOUNTANTS: Clifford Roberts
Chartered Accountants
Pacioli House
9 Brookfield
Duncan Close
Northampton
Northamptonshire
NN3 6WL

Hartwell & Son Limited (Registered number: 09310577)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 7,877 8,458
7,877 8,458

CURRENT ASSETS
Stocks 58,117 57,322
Debtors 6 7,907 20,337
Cash at bank 223,223 165,350
289,247 243,009
CREDITORS
Amounts falling due within one year 7 110,873 109,252
NET CURRENT ASSETS 178,374 133,757
TOTAL ASSETS LESS CURRENT
LIABILITIES

186,251

142,215

PROVISIONS FOR LIABILITIES 1,705 1,607
NET ASSETS 184,546 140,608

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 184,446 140,508
SHAREHOLDERS' FUNDS 184,546 140,608

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Hartwell & Son Limited (Registered number: 09310577)

Balance Sheet - continued
31 March 2023


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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 September 2023 and were signed on its behalf by:




Mr D D Hartwell - Director



Mr S D Hartwell - Director


Hartwell & Son Limited (Registered number: 09310577)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Hartwell & Son Limited is a private company, limited by shares, registered in England and Wales. The company's registered office address can be found on the Company Information page.

The principle place of business is 75 Station Road, Great Billing, Northampton, Northamptonshire, NN3 9DS.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 section 1A - "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102 section 1A") and with the Companies Act 2006. The financial statements have been prepared on the historical cost basis.

The financial statements are presented in Sterling (£) and cover the period to the 31st March each year.

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

Turnover represents the invoiced amount of services and installations provided stated net of value added tax. The turnover and pre tax profit is wholly attributable to the operating activities of the company. Turnover is recognised upon evidence of the installation or evidence of the date the service is provided.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Hartwell & Son Limited (Registered number: 09310577)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

2. ACCOUNTING POLICIES - continued
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.

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.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Interest bearing borrowings
Interest bearing borrowings are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, interest bearing borrowings are stated at amortised cost with any difference between the amount initially recognised and redemption value being recognised in the statement of comprehensive income over the period of the borrowings, together with any interest and fees payable, using the effective interest method.

Leasing commitments
Rentals under operating leases are charged on a straight line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight line basis over the lease term.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 32,000
AMORTISATION
At 1 April 2022
and 31 March 2023 32,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

Hartwell & Son Limited (Registered number: 09310577)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 6,625 36,853 2,035 45,513
Additions 1,794 - - 1,794
At 31 March 2023 8,419 36,853 2,035 47,307
DEPRECIATION
At 1 April 2022 4,789 31,107 1,159 37,055
Charge for year 720 1,436 219 2,375
At 31 March 2023 5,509 32,543 1,378 39,430
NET BOOK VALUE
At 31 March 2023 2,910 4,310 657 7,877
At 31 March 2022 1,836 5,746 876 8,458

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 438 -
Other debtors 7,469 20,337
7,907 20,337

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 30,196 36,560
Other creditors 80,677 72,692
110,873 109,252

Hartwell & Son Limited (Registered number: 09310577)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

8. FINANCIAL RISK MANAGEMENT

The company has significant exposure to credit, liquidity and cash flow interest rate risks, These risks are limited by the company's financial management policies and practices described below.

Foreign currency risk
The company has no exposure to foreign currency risks as all of the company's sales and purchases are denominated in sterling.

Credit risk
The company has exposure to credit risks based on the net current liability position of the balance sheet. The company's exposure and it's customers credit worthiness is continually monitored so that any potential problems are detected at an early stage and dealt with accordingly.

Liquidity risk
The directors have ultimate responsibility for liquidity risk management in maintaining adequate reserves and banking facilities.

Market risk
There is a market risk associated with the fluctuation in demand for the products and services provided. Most of this is mitigated by monitoring the markets to ensure products and services are still required and competitively priced.

The company holds no derivative financial instruments at the year end.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100

10. RELATED PARTY DISCLOSURES

During the year the company made sales of £2,662 (2022: £84,890) to an entity under common control. There was no balance outstanding at the year end.

At the balance sheet date the company owed those with significant control £63,475 (2022 - £62,851). There was no interest accruing and no fixed terms for repayment.