Registered number
09160185
Hardbattles Limited
Filleted Accounts
30 June 2023
Hardbattles Limited
Registered number: 09160185
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 120,000 130,000
Tangible assets 4 19,305 13,443
Investments 5 148,526 141,626
287,831 285,069
Current assets
Stocks 9,000 9,000
Debtors 6 48,630 63,786
Cash at bank and in hand 35,712 22,319
93,342 95,105
Creditors: amounts falling due within one year 7 (17,889) 490
Net current assets 75,453 95,595
Net assets 363,284 380,664
Capital and reserves
Called up share capital 2 2
Profit and loss account 363,282 380,662
Shareholders' funds 363,284 380,664
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
John Hardbattle
Director
Approved by the board on 28 March 2024
Hardbattles Limited
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 10 years
Work in progress
Work in progress is measured at invoice value.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 July 2022 200,000
At 30 June 2023 200,000
Amortisation
At 1 July 2022 70,000
Provided during the year 10,000
At 30 June 2023 80,000
Net book value
At 30 June 2023 120,000
At 30 June 2022 130,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2022 28,945
Additions 9,730
At 30 June 2023 38,675
Depreciation
At 1 July 2022 15,502
Charge for the year 3,868
At 30 June 2023 19,370
Net book value
At 30 June 2023 19,305
At 30 June 2022 13,443
5 Investments
Other
investments
£
Cost
At 1 July 2022 141,626
Additions 6,900
At 30 June 2023 148,526
6 Debtors 2023 2022
£ £
Trade debtors 48,533 61,504
Other debtors 97 2,282
48,630 63,786
7 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors - 1,920
Corporation tax 70,764 50,348
Other taxes and social security costs 27,701 31,363
Other creditors (80,576) (84,121)
17,889 (490)
8 Loans to directors
B/fwd Paid Repaid C/fwd
£ £ £ £
John Hardbattle
Interest free loan 86,496 192,092 (195,638) 82,950
86,496 192,092 (195,638) 82,950
During the year a number of interest free advances totalling £192,092 (2022: £232,834) were made to directors. The loans were repaid in full after the year end.
9 Other information
Hardbattles Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Cottage,
Limby Hall Lane,
Swannington.
Leicestershire.
LE67 8QH.
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