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COMPANY REGISTRATION NUMBER: 07076197
Hardkins (2009) Limited
Filleted Unaudited Financial Statements
30 November 2023
Hardkins (2009) Limited
Statement of Financial Position
30 November 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
19,047
1,097
Current assets
Debtors
6
124,931
158,230
Cash at bank and in hand
19,952
--------
--------
124,931
178,182
Creditors: amounts falling due within one year
7
105,482
101,629
--------
--------
Net current assets
19,449
76,553
-------
-------
Total assets less current liabilities
38,496
77,650
Creditors: amounts falling due after more than one year
8
34,601
59,225
Provisions
Taxation including deferred tax
3,619
208
-------
-------
Net assets
276
18,217
-------
-------
Capital and reserves
Called up share capital
100
100
Profit and loss account
176
18,117
---
-------
Shareholders funds
276
18,217
---
-------
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.
For the year ending 30 November 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 23 August 2024 , and are signed on behalf of the board by:
Mr L Hopkins
Director
Company registration number: 07076197
Hardkins (2009) Limited
Notes to the Financial Statements
Year ended 30 November 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 112-114 High Street, Rickmansworth, Herts, WD3 1AQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
(a) 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.
(b) Revenue recognition
The turnover shown in the profit and loss account represents amounts receivable for work carried out during the year, exclusive of Value Added Tax.
(c) Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss. Current tax is measured at the amounts of tax expected to be paid or recovered 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 that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
(d) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
(e) 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:
Plant and Machinery
-
20% straight line
Motor Vehicles
-
25% straight line
Office Equipment
-
33% straight line
(f) Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
(g) Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 3 ).
5. Tangible assets
Plant and machinery
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 December 2022
3,150
29,240
1,309
33,699
Additions
710
19,650
500
20,860
Disposals
( 2,225)
( 18,250)
( 1,309)
( 21,784)
------
-------
------
-------
At 30 November 2023
1,635
30,640
500
32,775
------
-------
------
-------
Depreciation
At 1 December 2022
2,053
29,240
1,309
32,602
Charge for the year
388
2,047
96
2,531
Disposals
( 1,846)
( 18,250)
( 1,309)
( 21,405)
------
-------
------
-------
At 30 November 2023
595
13,037
96
13,728
------
-------
------
-------
Carrying amount
At 30 November 2023
1,040
17,603
404
19,047
------
-------
------
-------
At 30 November 2022
1,097
1,097
------
-------
------
-------
6. Debtors
2023
2022
£
£
Trade debtors
78,970
125,192
Other debtors
45,961
33,038
--------
--------
124,931
158,230
--------
--------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
15,676
Trade creditors
29,716
24,893
Corporation tax
12,196
25,537
Other creditors
47,894
51,199
--------
--------
105,482
101,629
--------
--------
Included in other creditors is an amount of £3,898 (2022: £Nil) which represents a short-term hire purchase liability secured on the related fixed asset.
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
34,601
59,225
-------
-------
Included in other creditors is an amount of £13,978 (2022 £Nil) which represents a hire purchase liability secured on the related fixed asset.
9. Director's advances, credits and guarantees
Included in other debtors is an amount of £18,417 (2022: £Nil) in respect of short-term loans to the directors. The total amounts advanced were £38,068. Repayments during the year were £19,651. The advances were unsecured, repayable on demand and carried interest at the official rate advised by H M Revenue and Customs.