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REGISTERED NUMBER: 07374843 (England and Wales)














Harkenn Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Harkenn Limited (Registered number: 07374843)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3

Notes to the financial statements 5


Harkenn Limited

Company Information
for the Year Ended 31 March 2024







Director: J J Harman





Secretary: Mrs C. Harman





Registered office: Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB





Business address: Ash Tree Lane
Wykeham
Spalding
Lincolnshire
PE12 6HB





Registered number: 07374843 (England and Wales)





Accountants: Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Harkenn Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Director's report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Harkenn Limited for the year ended 31 March 2024 which comprise the Statement of income and retained earnings, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Harkenn Limited in accordance with the terms of our engagement letter dated 14 May 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Harkenn Limited and state those matters that we have agreed to state to the director of Harkenn Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Harkenn Limited and its director for our work or for this report.

It is your duty to ensure that Harkenn Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Harkenn Limited. You consider that Harkenn Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Harkenn Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB


19 August 2024

Harkenn Limited (Registered number: 07374843)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 5 871,676 988,959

Current assets
Stocks 26,000 26,000
Debtors 6 52,166 219,470
Cash at bank and in hand 35,477 299,187
113,643 544,657
Creditors
Amounts falling due within one year 7 227,516 422,854
Net current (liabilities)/assets (113,873 ) 121,803
Total assets less current liabilities 757,803 1,110,762

Creditors
Amounts falling due after more than one
year

8

(169,649

)

(266,972

)

Provisions for liabilities (68,110 ) (94,664 )
Net assets 520,044 749,126

Capital and reserves
Called up share capital 10 100 100
Retained earnings 519,944 749,026
Shareholders' funds 520,044 749,126

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Harkenn Limited (Registered number: 07374843)

Statement of Financial Position - continued
31 March 2024


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 19 August 2024 and were signed by:





J J Harman - Director


Harkenn Limited (Registered number: 07374843)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. Statutory information

Harkenn 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Harkenn Limited (Registered number: 07374843)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


3. Accounting policies - continued

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.

4. Employees and directors

The average number of employees during the year was 14 (2023 - 14 ) .

5. Tangible fixed assets
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Cost
At 1 April 2023 585,305 473,484 55,257 244,300 1,358,346
Additions 75,000 52,750 - 10,500 138,250
Disposals (131,727 ) (7,441 ) (2,104 ) (52,100 ) (193,372 )
At 31 March 2024 528,578 518,793 53,153 202,700 1,303,224
Depreciation
At 1 April 2023 - 261,952 21,319 86,116 369,387
Charge for year - 66,851 8,484 33,580 108,915
Eliminated on disposal - (5,351 ) (1,953 ) (39,450 ) (46,754 )
At 31 March 2024 - 323,452 27,850 80,246 431,548
Net book value
At 31 March 2024 528,578 195,341 25,303 122,454 871,676
At 31 March 2023 585,305 211,532 33,938 158,184 988,959

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 31,969 211,130
Other debtors 6,500 6,500
Tax 9,187 -
Prepayments and accrued income 4,510 1,840
52,166 219,470

Harkenn Limited (Registered number: 07374843)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 20,676 20,000
Hire purchase contracts 77,276 77,276
Trade creditors 74,466 67,149
Tax - 73,614
Social security and other taxes 4,778 8,824
VAT 16,094 68,810
Other creditors 2,590 1,298
Directors' loan accounts 29,731 103,978
Accruals and deferred income 1,905 1,905
227,516 422,854

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 22,303 42,349
Hire purchase contracts 147,346 224,623
169,649 266,972

9. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 42,979 62,349
Hire purchase contracts 224,622 301,899
267,601 364,248

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary shares £1 100 100