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Company Registration No. 13300269 (England and Wales)
Harts Auto Repairs Ltd Unaudited accounts for the year ended 31 March 2023
Harts Auto Repairs Ltd Unaudited accounts Contents
Page
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Harts Auto Repairs Ltd Company Information for the year ended 31 March 2023
Directors
James Hart Natalie Parkes
Company Number
13300269 (England and Wales)
Registered Office
71 Woodland Avenue Wolverhampton WV6 8ND
Accountants
Nelly's Accountants 71 Woodland Avenue Tettenhall Wood Wolverhampton West Midlands WV6 8ND
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Harts Auto Repairs Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,574 
332 
Current assets
Debtors
738 
1,343 
Cash at bank and in hand
21,317 
8,582 
22,055 
9,925 
Creditors: amounts falling due within one year
(11,381)
(8,273)
Net current assets
10,674 
1,652 
Total assets less current liabilities
14,248 
1,984 
Provisions for liabilities
Deferred tax
(679)
(63)
Net assets
13,569 
1,921 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
13,469 
1,821 
Shareholders' funds
13,569 
1,921 
For the year ending 31 March 2023 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2023 and were signed on its behalf by
James Hart Director Company Registration No. 13300269
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Harts Auto Repairs Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Harts Auto Repairs Ltd is a private company, limited by shares, registered in England and Wales, registration number 13300269. The registered office is 71 Woodland Avenue, Wolverhampton, WV6 8ND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Computer equipment
33% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Harts Auto Repairs Ltd Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
- 
498 
498 
Additions
3,637 
932 
4,569 
At 31 March 2023
3,637 
1,430 
5,067 
Depreciation
At 1 April 2022
- 
166 
166 
Charge for the year
909 
418 
1,327 
At 31 March 2023
909 
584 
1,493 
Net book value
At 31 March 2023
2,728 
846 
3,574 
At 31 March 2022
- 
332 
332 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
738 
1,343 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
4,916 
3,941 
Trade creditors
985 
1,551 
Taxes and social security
4,595 
2,283 
Loans from directors
625 
248 
Accruals
260 
250 
11,381 
8,273 
7
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
679 
63 
2023 
2022 
£ 
£ 
Provision at start of year
63 
- 
Charged to the profit and loss account
616 
63 
Provision at end of year
679 
63 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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Harts Auto Repairs Ltd Notes to the Accounts for the year ended 31 March 2023
9
Average number of employees
During the year the average number of employees was 3 (2022: 2).
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