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REGISTERED NUMBER: 00697561 (England and Wales)















H.A.MARKS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023






H.A.MARKS LIMITED (REGISTERED NUMBER: 00697561)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


H.A.MARKS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: T F Crowe
K Crowe
A Crowe
P Mccarthy





SECRETARY: Mr. A Crowe





REGISTERED OFFICE: 1 Beadman Street
West Norwood
London
SE27 0DN





REGISTERED NUMBER: 00697561 (England and Wales)





ACCOUNTANTS: UHA Limited T/A UH Accountants
Cole Street Studios
6-8 Cole Street
London
SE1 4YH

H.A.MARKS LIMITED (REGISTERED NUMBER: 00697561)

BALANCE SHEET
31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 171,106 120,600
Investment property 4 1,277,861 1,277,861
1,448,967 1,398,461

CURRENT ASSETS
Stocks 464,372 264,395
Debtors 5 2,724,499 2,147,163
Cash at bank and in hand 315,942 349,533
3,504,813 2,761,091
CREDITORS
Amounts falling due within one year 6 2,250,704 1,665,480
NET CURRENT ASSETS 1,254,109 1,095,611
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,703,076

2,494,072

CREDITORS
Amounts falling due after more than one
year

7

(294,137

)

(331,628

)

PROVISIONS FOR LIABILITIES 9 (262,336 ) (248,514 )
NET ASSETS 2,146,603 1,913,930

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Non-distributable reserve 10 675,000 651,486
Retained earnings 10 1,421,603 1,212,444
2,146,603 1,913,930

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

H.A.MARKS LIMITED (REGISTERED NUMBER: 00697561)

BALANCE SHEET - continued
31 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 21 February 2024 and were signed on its behalf by:





A Crowe - Director


H.A.MARKS LIMITED (REGISTERED NUMBER: 00697561)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. 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 as modified by the revaluation of certain assets.

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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

H.A.MARKS LIMITED (REGISTERED NUMBER: 00697561)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2022 - 26 ) .

3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 283,204
Additions 107,541
At 31 July 2023 390,745
DEPRECIATION
At 1 August 2022 162,604
Charge for year 57,035
At 31 July 2023 219,639
NET BOOK VALUE
At 31 July 2023 171,106
At 31 July 2022 120,600

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 1,277,861
NET BOOK VALUE
At 31 July 2023 1,277,861
At 31 July 2022 1,277,861

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2012 159,639
Valuation in 2018 740,361
Cost 377,861
1,277,861

H.A.MARKS LIMITED (REGISTERED NUMBER: 00697561)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


4. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

31.7.23 31.7.22
£    £   
Cost 377,681 377,681

Investment property was valued on an open market basis on 31 July 2023 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 2,723,499 2,134,359
Other debtors 1,000 12,804
2,724,499 2,147,163

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 570,934 44,135
Hire purchase contracts - 3,169
Trade creditors 1,250,824 931,399
Taxation and social security 343,482 75,111
Other creditors 85,464 611,666
2,250,704 1,665,480

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 294,137 331,628

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 294,137 331,628

H.A.MARKS LIMITED (REGISTERED NUMBER: 00697561)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Bank overdraft 519,245 -
Bank loans 345,826 375,763
865,071 375,763

NatWest bank have a fixed charge on all the assets of the company including plant & machinery, goodwill of the company's business, all stocks, shares & other securities held by the company and all intellectual property.

Floating charge on all the property assets and rights of the company owned now or in future which are not subject to an effective fixed charge under Debenture or any other security held by the bank.

Charge over investment property was created by the bank on 21 August 2012. Company has normal banking and overdraft facility from NatWest Bank Plc.

9. PROVISIONS FOR LIABILITIES
31.7.23 31.7.22
£    £   
Deferred tax 262,336 248,514

Deferred
tax
£   
Balance at 1 August 2022 248,514
Provided during year 13,822
Balance at 31 July 2023 262,336

10. RESERVES
Retained Non-distributable
earnings reserve Totals
£    £    £   

At 1 August 2022 1,212,444 651,486 1,863,930
Profit for the year 350,173 350,173
Dividends (117,500 ) (117,500 )
Fair value transfer (23,514 ) 23,514 -
At 31 July 2023 1,421,603 675,000 2,096,603

11. ULTIMATE CONTROLLING PARTY

The company is controlled jointly by Mr. T F Crowe and Mr. A Crowe.