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REGISTERED NUMBER: 07051196 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

HARBOUR FACADE SYSTEMS LTD

HARBOUR FACADE SYSTEMS LTD (REGISTERED NUMBER: 07051196)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


HARBOUR FACADE SYSTEMS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: J A E Atack
G R Harvey
P Bailey





SECRETARY: G R Harvey





REGISTERED OFFICE: Unit 4 Bramery Business Park
Alstone Lane
Cheltenham
Gloucestershire
GL51 8HE





REGISTERED NUMBER: 07051196 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
4th Floor
St James House
St James Square
Cheltenham
Gloucestershire
GL50 3PR

HARBOUR FACADE SYSTEMS LTD (REGISTERED NUMBER: 07051196)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 9,068 15,314

CURRENT ASSETS
Inventories 943,120 847,775
Debtors 5 567,934 160,135
Cash at bank and in hand 3,072 114,459
1,514,126 1,122,369
CREDITORS
Amounts falling due within one year 6 722,487 486,913
NET CURRENT ASSETS 791,639 635,456
TOTAL ASSETS LESS CURRENT
LIABILITIES

800,707

650,770

CREDITORS
Amounts falling due after more than one
year

7

(90,650

)

(122,500

)

PROVISIONS FOR LIABILITIES (2,267 ) (3,829 )
NET ASSETS 707,790 524,441

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 707,690 524,341
SHAREHOLDERS' FUNDS 707,790 524,441

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 9 November 2023 and were signed on its behalf by:




P Bailey - Director


HARBOUR FACADE SYSTEMS LTD (REGISTERED NUMBER: 07051196)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

Harbour Facade Systems Ltd 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.

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.

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

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, 25% on cost and 12.5% on reducing balance
Fixtures and fittings - 50% on cost and 33.3% on cost
Motor vehicles - 25% on reducing balance
Office equipment - 33.3% on cost

Stocks
Inventories 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 Comprehensive Income, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 19 (2022 - 19 ) .

HARBOUR FACADE SYSTEMS LTD (REGISTERED NUMBER: 07051196)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2022 5,874 523 15,204 4,569 26,170
Additions 525 730 - - 1,255
At 30 April 2023 6,399 1,253 15,204 4,569 27,425
DEPRECIATION
At 1 May 2022 484 135 7,602 2,635 10,856
Charge for year 1,600 578 3,801 1,522 7,501
At 30 April 2023 2,084 713 11,403 4,157 18,357
NET BOOK VALUE
At 30 April 2023 4,315 540 3,801 412 9,068
At 30 April 2022 5,390 388 7,602 1,934 15,314

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 10,066 3,762
Other debtors 557,868 156,373
567,934 160,135

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 29,400 27,500
Trade creditors 422,384 280,073
Taxation and social security 77,933 67,212
Other creditors 192,770 112,128
722,487 486,913

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 90,650 122,500

8. RELATED PARTY DISCLOSURES

Included in other debtors: amounts falling due within one year, is a loan due from Harbour Buildings Ltd in the sum of £45,918 (2022: £110,012), a company the directors have an interest in. The loan is unsecured, interest free and carries no fixed date of repayment.

Included in other debtors: amounts falling due within one year, is a loan due from Harbour Render Systems (SW) Ltd in the sum of £6,092 (2022: £6,998), a company the directors have an interest in. The loan is unsecured, interest free and carries no fixed date of repayment.

Included in other debtors: amounts falling due within one year, is a loan due from P.Bailey and Co Holdings Ltd in the sum of £456,175 (2022: £nil), the parent company. The loan is unsecured, interest free and carries no fixed date of repayment.

HARBOUR FACADE SYSTEMS LTD (REGISTERED NUMBER: 07051196)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


9. CONTROLLING PARTY

The company is controlled by the directors by virtue of their shareholding.