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REGISTERED NUMBER: 09521022 (England and Wales)















HARGREAVES & STOCKS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 JULY 2023






HARGREAVES & STOCKS LTD (REGISTERED NUMBER: 09521022)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HARGREAVES & STOCKS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JULY 2023







DIRECTORS: N A Stocks
J W Hargreaves





REGISTERED OFFICE: Unit 3 Wheatley Hall Road
Doncaster
South Yorkshire
DN2 4LP





REGISTERED NUMBER: 09521022 (England and Wales)






HARGREAVES & STOCKS LTD (REGISTERED NUMBER: 09521022)

BALANCE SHEET
30 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,088 51,391

CURRENT ASSETS
Debtors 5 221,936 184,032
Cash in hand 1,181 7,699
223,117 191,731
CREDITORS
Amounts falling due within one year 6 189,107 177,128
NET CURRENT ASSETS 34,010 14,603
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,098

65,994

CREDITORS
Amounts falling due after more than one
year

7

(42,487

)

(54,773

)

PROVISIONS FOR LIABILITIES (5,527 ) (9,764 )
NET ASSETS 15,084 1,457

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 15,074 1,447
15,084 1,457

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

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

HARGREAVES & STOCKS LTD (REGISTERED NUMBER: 09521022)

BALANCE SHEET - continued
30 JULY 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 5 April 2024 and were signed on its behalf by:




J W Hargreaves - Director



N A Stocks - Director


HARGREAVES & STOCKS LTD (REGISTERED NUMBER: 09521022)

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


1. STATUTORY INFORMATION

Hargreaves & Stocks 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
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 etc - 25% on reducing balance and 20% on reducing balance

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 4 (2022 - 4 ) .

HARGREAVES & STOCKS LTD (REGISTERED NUMBER: 09521022)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 July 2022 74,092
Disposals (22,230 )
At 30 July 2023 51,862
DEPRECIATION
At 31 July 2022 22,701
Charge for year 9,696
Eliminated on disposal (9,623 )
At 30 July 2023 22,774
NET BOOK VALUE
At 30 July 2023 29,088
At 30 July 2022 51,391

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 130,153 115,988
Other debtors 91,783 68,044
221,936 184,032

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 55,137 48,769
Hire purchase contracts 6,730 10,090
Trade creditors 12,060 7,583
Taxation and social security 81,427 90,084
Other creditors 33,753 20,602
189,107 177,128

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 32,871 38,427
Hire purchase contracts 9,616 16,346
42,487 54,773

HARGREAVES & STOCKS LTD (REGISTERED NUMBER: 09521022)

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


7. 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 10,648 16,204