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Company Registration No. 8444316 (England and Wales)
HARVEL LTD Unaudited accounts for the period from 27 March 2023 to 31 March 2024
HARVEL LTD Unaudited accounts Contents
Page
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HARVEL LTD Company Information for the period from 27 March 2023 to 31 March 2024
Directors
Mr Harvey Aloof Mr Charlie Belcher
Company Number
8444316 (England and Wales)
Registered Office
102 Warren Road Brighton BN2 6BA
Accountants
Angela MacCarthy Limited T A On The Spot 7 Chalfont Drive Hove East Sussex BN3 6QR
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HARVEL LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,497 
3,450 
Current assets
Inventories
2,381 
2,179 
Debtors
1,401 
4,834 
Cash at bank and in hand
18,593 
37,839 
22,375 
44,852 
Creditors: amounts falling due within one year
(31,277)
(29,772)
Net current (liabilities)/assets
(8,902)
15,080 
Net assets
2,595 
18,530 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
2,585 
18,520 
Shareholders' funds
2,595 
18,530 
For the period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2024 and were signed on its behalf by
Mr Charlie Belcher Director Company Registration No. 8444316
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HARVEL LTD Notes to the Accounts for the period from 27 March 2023 to 31 March 2024
1
Statutory information
HARVEL LTD is a private company, limited by shares, registered in England and Wales, registration number 8444316. The registered office is 102 Warren Road, Brighton, BN2 6BA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Revenue
Revenue, described as turnover, is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services.
Depreciation
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant & machinery
25% per annum straight line
Pension costs and post retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.
Operating lease commitments
At the balance sheet date, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £44,772 (2023: £44,772).
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 27 March 2023
20,676 
Additions
10,372 
At 31 March 2024
31,048 
Depreciation
At 27 March 2023
17,226 
Charge for the period
2,325 
At 31 March 2024
19,551 
Net book value
At 31 March 2024
11,497 
At 26 March 2023
3,450 
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HARVEL LTD Notes to the Accounts for the period from 27 March 2023 to 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
1,401 
1,142 
Other debtors
- 
3,692 
1,401 
4,834 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
11,022 
10,286 
Trade creditors
(1,149)
58 
Taxes and social security
18,015 
18,081 
Other creditors
1,505 
1,347 
Loans from directors
1,884 
- 
31,277 
29,772 
7
Transactions with related parties
The transactions with the directors and shareholders have not been conducted under normal market conditions: A balance of £1,884 is owed to the directors at the year end. No interest is being charged by the directors.
8
Average number of employees
During the period the average number of employees was 6 (2023: 6).
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