1 May 2022 v2024.12.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsexbrli:purexbrli:sharesiso4217:GBP095580852022-05-012023-04-30095580852023-04-3009558085bus:Director12022-05-012023-04-3009558085bus:Director22022-05-012023-04-3009558085bus:CompanySecretary12022-05-012023-04-3009558085bus:RegisteredOffice2022-05-012023-04-30095580852021-05-012022-04-30095580852022-04-3009558085core:WithinOneYear2023-04-3009558085core:WithinOneYear2022-04-3009558085core:AfterOneYear2023-04-3009558085core:AfterOneYear2022-04-3009558085core:ShareCapital2023-04-3009558085core:ShareCapital2022-04-3009558085core:RetainedEarningsAccumulatedLosses2023-04-3009558085core:RetainedEarningsAccumulatedLosses2022-04-3009558085core:ShareCapital2021-05-0109558085core:RetainedEarningsAccumulatedLosses2021-05-01095580852021-05-0109558085core:RetainedEarningsAccumulatedLosses2021-05-012022-04-3009558085core:ShareCapital2022-05-0109558085core:RetainedEarningsAccumulatedLosses2022-05-01095580852022-05-0109558085core:RetainedEarningsAccumulatedLosses2022-05-012023-04-3009558085core:ShareCapital2022-05-012023-04-3009558085core:PlantMachinery2022-05-012023-04-300955808512022-05-012023-04-3009558085countries:EnglandWales2022-05-012023-04-3009558085bus:AuditExemptWithAccountantsReport2022-05-012023-04-3009558085bus:PrivateLimitedCompanyLtd2022-05-012023-04-3009558085bus:SmallEntities2022-05-012023-04-3009558085bus:AbridgedAccounts2022-05-012023-04-30
Company registration number:
09558085
Har Bar Technology Limited
Unaudited Abridged Financial Statements for the year ended
30 April 2023
Har Bar Technology Limited
Officers and Professional Advisers
Year ended
30 April 2023
Directors
B Charles
H Charles
Company secretary
Paul John Charles
Registered office
Berkeley Coach House Woods Hill
Limpley Stoke
Bath
Wiltshire
BA2 7FS
United Kingdom
Accountant
BEECHLANDS ACC SERVICES
Berkeley Coach House
Woods Hill
Bath
Wilts
BA2 7FS
United Kingdom
Har Bar Technology Limited
Directors' Report
Year ended
30 April 2023
The directors present their report and the unaudited
abridged financial statements
of the company for the year ended
30 April 2023
.
The directors can report that over the course of 2022/2023 , the UK customer base increased improved during the period ,however the overseas market was not as buoyant as expected which was due to the Covid restrictions in travelling and meeting with new clients overseas. The company has however been able to establish itself with UK distributors of paper straw products .The Directors are also encouraged as to the long term prospects of establishing new contracts in 2024.New opportunities are continually arising the directors are confident that in 2024 further long term contracts will be entered . Cost of raw materials have effected the business and 'factory gate prices " are contunally being revised on a ongoing basis .

Directors

The directors who served the company during the year were as follows:
B Charles
H Charles

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
15 April 2024
and signed on behalf of the board by:
B Charles
H Charles
DirectorDirector
Har Bar Technology Limited
Report of the Accountant to the directors of Har Bar Technology Limited
Year ended
30 April 2023
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended
30 April 2023
.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the statement of financial position you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give a "true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the directors for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
BEECHLANDS ACC SERVICES
Berkeley Coach House
Woods Hill
Bath
Wilts
BA2 7FS
United Kingdom
Date:
15 April 2024
Har Bar Technology Limited
Income Statement
Year ended
30 April 2023
20232022
££
Turnover
106,411
 
130,877
 
Cost of sales
(52,860
) (69,717 )
Gross profit
53,551
 
61,160
 
Distribution costs
(19,948
)
(14,498
)
Administrative expenses
(47,800
)
(61,196
)
Other operating income -  
699
 
Operating loss
(14,197
)
(13,835
)
Loss before tax
(14,197
)
(13,835
)
Tax on loss -   -  
Loss for the financial year
(14,197
)
(13,835
)
The company has no other recognised items of income or expense other than the results for the year as set out above.
Har Bar Technology Limited
Abridged Statement of Financial Position
30 April 2023
20232022
Note££
Fixed assets    
Tangible assets 5
12,115
 
17,538
 
Current assets    
Stocks
28,637
 
19,200
 
Debtors
16,174
 
31,110
 
Cash at bank and in hand
4,129
 
3,463
 
48,940
 
53,773
 
Creditors: amounts falling due within one year
(56,593
)
(62,702
)
Net current liabilities
(7,653
)
(8,929
)
Total assets less current liabilities 4,462   8,609  
Creditors: amounts falling due after more than one year
(54,802
)
(60,752
)
Net liabilities
(50,340
)
(52,143
)
Capital and reserves    
Called up share capital
55,100
 
39,100
 
Profit and loss account
(105,440
)
(91,243
)
Shareholders deficit
(50,340
)
(52,143
)
For the year ending
30 April 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements.
All of the members have consented to the preparation of the abridged statement of financial position for the year ended
30 April 2023
in accordance with Section 444(2A) of the Companies Act 2006.
These
abridged financial statements
have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These
abridged financial statements
were approved by the board of directors and authorised for issue on
14 April 2024
, and are signed on behalf of the board by:
B Charles
H Charles
DirectorDirector
Company registration number:
09558085
Har Bar Technology Limited
Statement of Changes in Equity
Year ended
30 April 2023
Called up share capitalProfit and loss accountTotal
£££
At 1 May 2021
39,100
 
(77,408
)
(38,308
)
Loss for the year- (13,835)(13,835)
Total comprehensive income for the year- 
(13,835
)
(13,835
)
At 30 April 2022 and 
1 May 2022
39,100
 
(91,243
)
(52,143
)
Loss for the year- (14,197)(14,197)
Total comprehensive income for the year- 
(14,197
)
(14,197
)
Conversion of debt to equity
16,000
 - 
16,000
 
Total investments by and distributions to owners
16,000
 - 
16,000
 
At
30 April 2023
55,100
 
(105,440
)
(50,340
)
Har Bar Technology Limited
Notes to the Abridged Financial Statements
Year ended
30 April 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Berkeley Coach House Woods Hill
,
Limpley Stoke
,
Bath
,
Wiltshire
,
BA2 7FS
, United Kingdom.

2 Statement of compliance

These
abridged financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
abridged financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
abridged financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
25 % reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the entity will comply with the conditions attaching to them and the grants will be received.
Government grants are recognised using the accrual model and the performance model.
Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.
Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2022:
3.00
).

5 Fixed assets

Tangible assets
£
Cost  
At
1 May 2022
and
30 April 2023
43,276
 
Depreciation  
At
1 May 2022
25,738
 
Charge
5,423
 
At
30 April 2023
31,161
 
Carrying amount  
At
30 April 2023
12,115
 
At 30 April 2022
17,538
 

Fixed assets held at valuation

In respect of fixed assets held at valuation, the comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows: