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REGISTERED NUMBER: 04260575 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

B E Hargan Limited

B E Hargan Limited (Registered number: 04260575)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


B E Hargan Limited (Registered number: 04260575)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 20,949 25,967
20,949 25,967

CURRENT ASSETS
Stocks 3,355 3,328
Debtors 6 76,965 90,207
Cash at bank and in hand 25,371 28,551
105,691 122,086
CREDITORS
Amounts falling due within one year 7 53,737 70,267
NET CURRENT ASSETS 51,954 51,819
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,903

77,786

CREDITORS
Amounts falling due after more than one
year

8

(22,242

)

(55,647

)

PROVISIONS FOR LIABILITIES (4,934 ) (4,934 )
NET ASSETS 45,727 17,205

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 45,627 17,105
45,727 17,205

B E Hargan Limited (Registered number: 04260575)

Balance Sheet - continued
31 October 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 March 2024 and were signed by:





M McClure - Director


B E Hargan Limited (Registered number: 04260575)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

B E Hargan Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04260575

Registered office: 26 Marne Avenue
Ravenstown
Flookburgh
Grange over Sands
LA11 7LH

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 33% on cost and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


B E Hargan Limited (Registered number: 04260575)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued
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 7 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 60,000
AMORTISATION
At 1 November 2022
and 31 October 2023 60,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

B E Hargan Limited (Registered number: 04260575)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2022 5,877 47,677 53,554
Additions - 200 200
At 31 October 2023 5,877 47,877 53,754
DEPRECIATION
At 1 November 2022 4,232 23,355 27,587
Charge for year 1,058 4,160 5,218
At 31 October 2023 5,290 27,515 32,805
NET BOOK VALUE
At 31 October 2023 587 20,362 20,949
At 31 October 2022 1,645 24,322 25,967

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 74,574 84,506
Other debtors 2,391 5,701
76,965 90,207

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 4,352 4,352
Trade creditors 41,431 47,138
Taxation and social security 3,541 4,364
Other creditors 4,413 14,413
53,737 70,267

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 22,242 25,876
Other creditors - 29,771
22,242 55,647

9. OTHER FINANCIAL COMMITMENTS

The total amount for financial commitments not included in the balance sheet is £14,255 (2022 - £27,922).