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REGISTERED NUMBER: 04940798 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

HARROWBROOK COMMERCIALS
LIMITED

HARROWBROOK COMMERCIALS
LIMITED (REGISTERED NUMBER: 04940798)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HARROWBROOK COMMERCIALS
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: P L Mac





SECRETARY: C Huxham





REGISTERED OFFICE: Church Farm Freight Yard
Station Road
Elmesthorpe
Leicestershire
LE9 7SG





REGISTERED NUMBER: 04940798 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
Corner Oak
1 Homer Road
Solihull
B91 3QG

HARROWBROOK COMMERCIALS
LIMITED (REGISTERED NUMBER: 04940798)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 162,699 53,204
162,699 53,204

CURRENT ASSETS
Stocks 566,103 582,937
Debtors 7 40,187 44,882
606,290 627,819
CREDITORS
Amounts falling due within one year 8 198,954 176,457
NET CURRENT ASSETS 407,336 451,362
TOTAL ASSETS LESS CURRENT
LIABILITIES

570,035

504,566

CREDITORS
Amounts falling due after more than one
year

9

(33,939

)

(39,641

)

PROVISIONS FOR LIABILITIES (36,331 ) (10,109 )
NET ASSETS 499,765 454,816

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 499,665 454,716
SHAREHOLDERS' FUNDS 499,765 454,816

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 director acknowledges his 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.

HARROWBROOK COMMERCIALS
LIMITED (REGISTERED NUMBER: 04940798)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 November 2023 and were signed by:





P L Mac - Director


HARROWBROOK COMMERCIALS
LIMITED (REGISTERED NUMBER: 04940798)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Harrowbrook Commercials 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, has been amortised evenly over its estimated useful life of ten 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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

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.

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.


HARROWBROOK COMMERCIALS
LIMITED (REGISTERED NUMBER: 04940798)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


3. 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.

4. EMPLOYEES AND DIRECTORS

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

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 33,000
AMORTISATION
At 1 April 2022
and 31 March 2023 33,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

HARROWBROOK COMMERCIALS
LIMITED (REGISTERED NUMBER: 04940798)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 53,538 9,400 117,635 352 180,925
Additions 28,650 300 114,305 - 143,255
Disposals - - (16,250 ) - (16,250 )
At 31 March 2023 82,188 9,700 215,690 352 307,930
DEPRECIATION
At 1 April 2022 19,297 2,088 105,984 352 127,721
Charge for year 15,723 1,121 16,830 - 33,674
Eliminated on disposal - - (16,164 ) - (16,164 )
At 31 March 2023 35,020 3,209 106,650 352 145,231
NET BOOK VALUE
At 31 March 2023 47,168 6,491 109,040 - 162,699
At 31 March 2022 34,241 7,312 11,651 - 53,204

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 38,531 32,565
Other debtors 1,656 12,317
40,187 44,882

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,410 27,793
Trade creditors 74,790 36,795
Taxation and social security 4,607 16,009
Other creditors 108,147 95,860
198,954 176,457

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 33,939 39,641

HARROWBROOK COMMERCIALS
LIMITED (REGISTERED NUMBER: 04940798)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 9,010 15,327

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
P L Mac
Balance outstanding at start of year (90,865 ) 82,866
Amounts advanced 43,191 52,298
Amounts repaid (54,918 ) (226,029 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (102,592 ) (90,865 )

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P L Mac.