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31/12/2023
2023-12-31
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No description of principal activities is disclosed
2023-01-01
Sage Accounts Production 21.0 - FRS102_2021
xbrli:pure
xbrli:shares
iso4217:GBP
07368458
2023-01-01
2023-12-31
07368458
2023-12-31
07368458
2022-12-31
07368458
2022-01-01
2022-12-31
07368458
2022-12-31
07368458
core:FurnitureFittingsToolsEquipment
2023-01-01
2023-12-31
07368458
bus:RegisteredOffice
2023-01-01
2023-12-31
07368458
bus:Director1
2023-01-01
2023-12-31
07368458
core:NetGoodwill
2023-12-31
07368458
core:LandBuildings
core:ShortLeaseholdAssets
2022-12-31
07368458
core:FurnitureFittingsToolsEquipment
2022-12-31
07368458
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-12-31
07368458
core:FurnitureFittingsToolsEquipment
2023-12-31
07368458
core:WithinOneYear
2023-12-31
07368458
core:WithinOneYear
2022-12-31
07368458
core:AfterOneYear
2023-12-31
07368458
core:AfterOneYear
2022-12-31
07368458
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-01-01
2023-12-31
07368458
core:LandBuildings
core:ShortLeaseholdAssets
2023-01-01
2023-12-31
07368458
core:ShareCapital
2023-12-31
07368458
core:ShareCapital
2022-12-31
07368458
core:SharePremium
2023-12-31
07368458
core:SharePremium
2022-12-31
07368458
core:RetainedEarningsAccumulatedLosses
2023-12-31
07368458
core:RetainedEarningsAccumulatedLosses
2022-12-31
07368458
core:NetGoodwill
2022-12-31
07368458
core:LandBuildings
core:ShortLeaseholdAssets
2022-12-31
07368458
core:FurnitureFittingsToolsEquipment
2022-12-31
07368458
bus:SmallEntities
2023-01-01
2023-12-31
07368458
bus:AuditExempt-NoAccountantsReport
2023-01-01
2023-12-31
07368458
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2023-01-01
2023-12-31
07368458
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2023-01-01
2023-12-31
07368458
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2023-01-01
2023-12-31
07368458
core:NetGoodwill
2023-01-01
2023-12-31
07368458
1
2023-01-01
2023-12-31
Company registration number:
07368458
Hardcastle Blake (LB) Limited
Unaudited filleted financial statements
31 December 2023
Hardcastle Blake (LB) Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Hardcastle Blake (LB) Limited
Directors and other information
|
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Director |
Mr K Myers |
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|
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Company number |
07368458 |
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|
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|
Registered office |
19 New Road |
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|
Drayton Parslow |
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|
Milton Keynes |
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|
MK17 0JH |
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|
Business address |
19 New Road |
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Drayton Parslow |
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Milton Keynes |
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|
MK17 0JH |
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|
Hardcastle Blake (LB) Limited
Statement of financial position
31 December 2023
|
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|
2023 |
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2022 |
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Note |
£ |
|
£ |
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£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Intangible assets |
|
5 |
- |
|
|
|
- |
|
|
Tangible assets |
|
6 |
53,235 |
|
|
|
733 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
53,235 |
|
|
|
733 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Debtors |
|
7 |
74,119 |
|
|
|
79,427 |
|
|
Cash at bank and in hand |
|
|
7,307 |
|
|
|
15 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
81,426 |
|
|
|
79,442 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
8 |
(
66,156) |
|
|
|
(
62,155) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current assets |
|
|
|
|
15,270 |
|
|
|
17,287 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
68,505 |
|
|
|
18,020 |
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
after more than one year |
|
9 |
|
|
(
45,234) |
|
|
|
(
13,448) |
|
|
|
|
|
|
|
|
|
|
Provisions for liabilities |
|
|
|
|
(
5,715) |
|
|
|
(
80) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
|
|
|
|
17,556 |
|
|
|
4,492 |
|
|
|
|
|
_______ |
|
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|
_______ |
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|
|
|
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|
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|
Capital and reserves |
|
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|
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|
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|
Called up share capital |
|
|
|
|
201 |
|
|
|
201 |
Share premium account |
|
|
|
|
3,800 |
|
|
|
3,800 |
Profit and loss account |
|
|
|
|
13,555 |
|
|
|
491 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders funds |
|
|
|
|
17,556 |
|
|
|
4,492 |
|
|
|
|
|
_______ |
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|
_______ |
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|
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
10 April 2024
, and are signed on behalf of the board by:
Mr K Myers
Director
Hardcastle Blake (LB) Limited
Notes to the financial statements
Year ended 31 December 2023
1.
General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is 19 New Road, Drayton Parslow, Milton Keynes, MK17 0JH.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for professional accountancy services rendered, net of discounts and Value Added Tax as adjusted for accrued income.
When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Freehold property |
- |
Over 10 years
|
|
|
Short leasehold property |
- |
Straight line over the life of the lease |
|
|
Fittings fixtures and equipment |
- |
25 % |
straight line |
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates
.
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.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
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.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
5
(2022:
5
).
5.
Intangible assets
|
|
Goodwill |
Total |
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
At 1 January 2023 and 31 December 2023 |
80,000 |
80,000 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Amortisation |
|
|
|
|
|
|
|
At 1 January 2023 and 31 December 2023 |
80,000 |
80,000 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
At 31 December 2023 |
- |
- |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 31 December 2022 |
- |
- |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
6.
Tangible assets
|
|
Freehold property |
Short leasehold property |
Fixtures, fittings and equipment |
Total |
|
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 January 2023 |
- |
3,010 |
14,149 |
17,159 |
|
|
|
|
Additions |
30,929 |
- |
24,617 |
55,546 |
|
|
|
|
Disposals |
- |
(
3,010) |
(
14,149) |
(
17,159) |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 31 December 2023 |
30,929 |
- |
24,617 |
55,546 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 January 2023 |
- |
2,702 |
13,724 |
16,426 |
|
|
|
|
Charge for the year |
773 |
308 |
1,538 |
2,619 |
|
|
|
|
Disposals |
- |
(
3,010) |
(
13,724) |
(
16,734) |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 31 December 2023 |
773 |
- |
1,538 |
2,311 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 31 December 2023 |
30,156 |
- |
23,079 |
53,235 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 31 December 2022 |
- |
308 |
425 |
733 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
7.
Debtors
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Trade debtors |
|
51,920 |
45,977 |
|
Other debtors |
|
22,199 |
33,450 |
|
|
|
_______ |
_______ |
|
|
|
74,119 |
79,427 |
|
|
|
_______ |
_______ |
|
|
|
|
|
8.
Creditors: amounts falling due within one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts (secured) |
|
15,486 |
6,420 |
|
Trade creditors |
|
23,785 |
36,121 |
|
Corporation tax |
|
14,135 |
9,463 |
|
Social security and other taxes |
|
12,750 |
10,151 |
|
|
|
_______ |
_______ |
|
|
|
66,156 |
62,155 |
|
|
|
_______ |
_______ |
|
|
|
|
|
9.
Creditors: amounts falling due after more than one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts (secured) |
|
45,234 |
13,448 |
|
|
|
_______ |
_______ |
|
|
|
|
|
10.
Controlling party
The company is controlled by
Mr K Myers
- director by virtue of his majority shareholding.