HARBEL LIMITED

Company Registration Number:
10096200 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2023

Period of accounts

Start date: 01 May 2022

End date: 30 April 2023

HARBEL LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2023

Balance sheet
Notes

HARBEL LIMITED

Balance sheet

As at 30 April 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 1,887 725
Investments: 4 475,015 432,950
Total fixed assets: 476,902 433,675
Current assets
Debtors:   1,734 1,616
Cash at bank and in hand: 298,462 301,657
Total current assets: 300,196 303,273
Creditors: amounts falling due within one year:   (1,833) (2,258)
Net current assets (liabilities): 298,363 301,015
Total assets less current liabilities: 775,265 734,690
Provision for liabilities: (10,000) 0
Total net assets (liabilities): 765,265 734,690
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 765,264 734,689
Shareholders funds: 765,265 734,690

The notes form part of these financial statements

HARBEL LIMITED

Balance sheet statements

For the year ending 30 April 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 02 November 2023
and signed on behalf of the board by:

Name: B P Oughton
Status: Director

The notes form part of these financial statements

HARBEL LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.Plant and machinery etc - 33% on cost and 10% on cost

Other accounting policies

TaxationTaxation 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.Going concernThe director has considered the financial position of the company and believes it is well placed to manage its business risks successfully. The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, thus continues to adopt the going concern basis of preparation in preparing the financial statements.

HARBEL LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

2. Employees

2023 2022
Average number of employees during the period 1 1

HARBEL LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

3. Tangible Assets

Total
Cost £
At 01 May 2022 1,107
Additions 1,325
At 30 April 2023 2,432
Depreciation
At 01 May 2022 382
Charge for year 163
At 30 April 2023 545
Net book value
At 30 April 2023 1,887
At 30 April 2022 725

HARBEL LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

4. Fixed investments

The investment property £475,000 was valued on an open market basis on 30 April 2023 by the director.Other investment £15.

HARBEL LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

5. Related party transactions

During the year the company was controlled by the director who owned 100% of the issued share capital.