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REGISTERED NUMBER: 07243536 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 April 2023

for

Haagensen Wardrobes & Kitchens Limited

Haagensen Wardrobes & Kitchens Limited (Registered number: 07243536)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Haagensen Wardrobes & Kitchens Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: A C Haagensen
Mrs M L Haagensen





SECRETARY: Mrs M L Haagensen





REGISTERED OFFICE: Rear of Crown Paints
Ladysmith Road
Grimsby
N E Lincolnshire
DN32 9SH





REGISTERED NUMBER: 07243536 (England and Wales)

Haagensen Wardrobes & Kitchens Limited (Registered number: 07243536)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 246,735 230,620

CURRENT ASSETS
Stocks 82,615 71,158
Debtors 5 257,402 213,077
Cash at bank and in hand 236,231 402,712
576,248 686,947
CREDITORS
Amounts falling due within one year 6 396,661 539,039
NET CURRENT ASSETS 179,587 147,908
TOTAL ASSETS LESS CURRENT
LIABILITIES

426,322

378,528

CREDITORS
Amounts falling due after more than one
year

7

(34,167

)

(44,167

)

PROVISIONS FOR LIABILITIES (46,880 ) (43,818 )
NET ASSETS 345,275 290,543

CAPITAL AND RESERVES
Called up share capital 1,005 1,005
Retained earnings 344,270 289,538
SHAREHOLDERS' FUNDS 345,275 290,543

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2023 and were signed on its behalf by:





A C Haagensen - Director


Haagensen Wardrobes & Kitchens Limited (Registered number: 07243536)

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

1. STATUTORY INFORMATION

Haagensen Wardrobes & Kitchens 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.

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, 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 - 20% on reducing balance
Computer equipment - 25% Straight line

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.

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 19 (2022 - 20 ) .

Haagensen Wardrobes & Kitchens Limited (Registered number: 07243536)

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

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 May 2022 562,544 4,464 567,008
Additions 67,348 527 67,875
Disposals (10,300 ) - (10,300 )
At 30 April 2023 619,592 4,991 624,583
DEPRECIATION
At 1 May 2022 335,272 1,116 336,388
Charge for year 48,946 1,226 50,172
Eliminated on disposal (8,712 ) - (8,712 )
At 30 April 2023 375,506 2,342 377,848
NET BOOK VALUE
At 30 April 2023 244,086 2,649 246,735
At 30 April 2022 227,272 3,348 230,620

The net book value of assets held under finance hire purchase contracts was NIL (2022 - £ 45,158)

The depreciation being charged on these assets in the year was NIL (2022 - £ 11,290)

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 110,887 55,277
Other debtors 146,515 157,800
257,402 213,077

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 39,886 -
Hire purchase contracts - 11,433
Trade creditors 125,220 136,001
Taxation and social security 86,954 69,144
Other creditors 144,601 322,461
396,661 539,039

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans 34,167 44,167

8. CONTINGENT LIABILITIES

As far as the directors are aware they have not entered into any contracts which could give rise to a contingent liability.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 30th April 2023 the directors are owed £347 by the company, this amount being shown as directors loan account in the creditors due within one year note to the accounts.

During the year an interim dividend of £ 113,000 was issued, £ 51,500 being equally attributable to each director and £ 10,000 to the remaining shareholders.

Haagensen Wardrobes & Kitchens Limited (Registered number: 07243536)

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

10. RELATED PARTY DISCLOSURES

As at 30 April 2023, Haagensen Wardrobes & Kitchens Limited is owed £ 124,980 by AMH Property Management Limited. This amount being shown as Inter company loan account in debtors due within one year note to the accounts.

This amount being a related party item due to common directorships of the both companies.

11. ULTIMATE CONTROLLING PARTY

For the whole of the year the company was effectively under the equal control of the directors.