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REGISTERED NUMBER: 01687306 (England and Wales)








Unaudited Financial Statements

for the Year Ended

30 June 2023

for

Harnwick Freight Services Limited

Harnwick Freight Services Limited (Registered number: 01687306)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Harnwick Freight Services Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: J G Wheddon





REGISTERED OFFICE: Rooms 114-115
Forward House
Birmingham International Airport
Coventry Road
Birmingham
B26 3QT





REGISTERED NUMBER: 01687306 (England and Wales)





ACCOUNTANTS: Nicklin Accountancy Services Limited
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Harnwick Freight Services Limited (Registered number: 01687306)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 265,095 113,053

CURRENT ASSETS
Debtors 5 302,096 465,277
Cash at bank 311,331 513,231
613,427 978,508
CREDITORS
Amounts falling due within one year 6 388,868 577,100
NET CURRENT ASSETS 224,559 401,408
TOTAL ASSETS LESS CURRENT
LIABILITIES

489,654

514,461

PROVISIONS FOR LIABILITIES 12,362 14,757
NET ASSETS 477,292 499,704

CAPITAL AND RESERVES
Called up share capital 3,602 3,602
Capital redemption reserve 11,398 11,398
Retained earnings 462,292 484,704
SHAREHOLDERS' FUNDS 477,292 499,704

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 February 2024 and were signed by:





J G Wheddon - Director


Harnwick Freight Services Limited (Registered number: 01687306)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Harnwick Freight Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Office equipment - 20% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

Harnwick Freight Services Limited (Registered number: 01687306)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 July 2022 120,622 92,662 213,284
Additions 159,328 2,970 162,298
At 30 June 2023 279,950 95,632 375,582
DEPRECIATION
At 1 July 2022 46,923 53,308 100,231
Charge for year 4,924 5,332 10,256
At 30 June 2023 51,847 58,640 110,487
NET BOOK VALUE
At 30 June 2023 228,103 36,992 265,095
At 30 June 2022 73,699 39,354 113,053

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 225,708 412,082
Other debtors 76,388 53,195
302,096 465,277

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 2,479
Trade creditors 309,315 494,526
Taxation and social security 31,527 36,069
Other creditors 48,026 44,026
388,868 577,100

7. OTHER FINANCIAL COMMITMENTS

The total amount of commitments, guarantees and contingencies at the end of the year was £27,728 (2022: £40,989).

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
J G Wheddon
Balance outstanding at start of year 34,641 35,595
Amounts advanced 132,530 104,484
Amounts repaid (109,000 ) (105,438 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 58,171 34,641