IRIS Accounts Production v23.3.0.418 06502789 Board of Directors 1.7.22 30.6.23 30.6.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure065027892022-06-30065027892023-06-30065027892022-07-012023-06-30065027892021-06-30065027892021-07-012022-06-30065027892022-06-3006502789ns16:EnglandWales2022-07-012023-06-3006502789ns15:PoundSterling2022-07-012023-06-3006502789ns11:Director12022-07-012023-06-3006502789ns11:PrivateLimitedCompanyLtd2022-07-012023-06-3006502789ns11:SmallEntities2022-07-012023-06-3006502789ns11:AuditExempt-NoAccountantsReport2022-07-012023-06-3006502789ns11:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3006502789ns11:SmallCompaniesRegimeForAccounts2022-07-012023-06-3006502789ns11:FullAccounts2022-07-012023-06-3006502789ns11:Director22022-07-012023-06-3006502789ns6:CurrentFinancialInstruments2023-06-3006502789ns6:CurrentFinancialInstruments2022-06-3006502789ns6:Non-currentFinancialInstruments2023-06-3006502789ns6:Non-currentFinancialInstruments2022-06-3006502789ns6:ShareCapital2023-06-3006502789ns6:ShareCapital2022-06-3006502789ns6:RetainedEarningsAccumulatedLosses2023-06-3006502789ns6:RetainedEarningsAccumulatedLosses2022-06-3006502789ns11:RegisteredOffice2022-07-012023-06-3006502789ns6:PlantMachinery2022-07-012023-06-3006502789ns6:FurnitureFittings2022-07-012023-06-3006502789ns6:MotorVehicles2022-07-012023-06-3006502789ns6:ComputerEquipment2022-07-012023-06-3006502789ns6:PlantMachinery2022-06-3006502789ns6:FurnitureFittings2022-06-3006502789ns6:MotorVehicles2022-06-3006502789ns6:ComputerEquipment2022-06-3006502789ns6:PlantMachinery2023-06-3006502789ns6:FurnitureFittings2023-06-3006502789ns6:MotorVehicles2023-06-3006502789ns6:ComputerEquipment2023-06-3006502789ns6:PlantMachinery2022-06-3006502789ns6:FurnitureFittings2022-06-3006502789ns6:MotorVehicles2022-06-3006502789ns6:ComputerEquipment2022-06-3006502789ns6:WithinOneYearns6:CurrentFinancialInstruments2023-06-3006502789ns6:WithinOneYearns6:CurrentFinancialInstruments2022-06-30
REGISTERED NUMBER: 06502789 (England and Wales)









Report of the Directors and

Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Harten Frameworks Ltd

Harten Frameworks Ltd (Registered number: 06502789)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Report of the Directors 1

Balance Sheet 2

Notes to the Financial Statements 4


Harten Frameworks Ltd (Registered number: 06502789)

Report of the Directors
for the Year Ended 30 June 2023

The directors present their report with the financial statements of the company for the year ended 30 June 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of design and engineering of frameworks.

REVIEW OF BUSINESS
In August 2022, the company changed its name to Harten Frameworks Ltd to better focus on its core purpose of making art presentation.
Following this were a series of upgrades: a bigger unit to enable construction of larger frames, an improved spray-booth, and conversion rate optimisation to the website.
By far the most important upgrade was the investment in improved processes to streamline our work-flow to provide better value to our clients.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 July 2022 to the date of this report.

Mrs F J McDonnell
Mr S J McDonnell

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mrs F J McDonnell - Director


8 November 2023

Harten Frameworks Ltd (Registered number: 06502789)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 51,094 54,804

CURRENT ASSETS
Stocks 128,872 30,417
Debtors 5 91,545 61,458
Cash at bank 15,325 58,834
235,742 150,709
CREDITORS
Amounts falling due within one year 6 (184,088 ) (94,685 )
NET CURRENT ASSETS 51,654 56,024
TOTAL ASSETS LESS CURRENT LIABILITIES 102,748 110,828

CREDITORS
Amounts falling due after more than one
year

7

(71,458

)

(92,986

)
NET ASSETS 31,290 17,842

CAPITAL AND RESERVES
Called up share capital 88,000 88,000
Retained earnings (56,710 ) (70,158 )
31,290 17,842

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

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

Harten Frameworks Ltd (Registered number: 06502789)

Balance Sheet - continued
30 June 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 Board of Directors and authorised for issue on 8 November 2023 and were signed on its behalf by:





Mrs F J McDonnell - Director


Harten Frameworks Ltd (Registered number: 06502789)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Harten Frameworks Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06502789

Registered office: Adelphi Mill
Grimshaw Lane
Bollington
Cheshire
SK10 5JB

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
Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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
Fixtures and fittings - 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 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.


Harten Frameworks Ltd (Registered number: 06502789)

Notes to the Financial Statements - continued
for the Year Ended 30 June 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.

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 7 (2022 - 15 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2022 118,816 8,259 9,000 34,305 170,380
Additions 12,746 - - 575 13,321
At 30 June 2023 131,562 8,259 9,000 34,880 183,701
DEPRECIATION
At 1 July 2022 85,400 7,202 8,781 14,193 115,576
Charge for year 11,540 264 55 5,172 17,031
At 30 June 2023 96,940 7,466 8,836 19,365 132,607
NET BOOK VALUE
At 30 June 2023 34,622 793 164 15,515 51,094
At 30 June 2022 33,416 1,057 219 20,112 54,804

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 91,255 55,493
Other debtors 290 5,965
91,545 61,458

Harten Frameworks Ltd (Registered number: 06502789)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 56,850 34,036
Hire purchase contracts - 2,773
Trade creditors 70,035 41,506
Taxation and social security 11,881 2,794
Other creditors 45,322 13,576
184,088 94,685

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans 71,458 92,165
Hire purchase contracts - 821
71,458 92,986