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REGISTERED NUMBER: 02428728 (England and Wales)












R.W. HART LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023






R.W. HART LIMITED (REGISTERED NUMBER: 02428728)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R.W. HART LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: Mr D J Hill
Mrs E C Hill





SECRETARY: Mrs E C Hill





REGISTERED OFFICE: Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE





REGISTERED NUMBER: 02428728 (England and Wales)





ACCOUNTANTS: Christiansons Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

R.W. HART LIMITED (REGISTERED NUMBER: 02428728)

BALANCE SHEET
30 SEPTEMBER 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,889 6,156

CURRENT ASSETS
Stocks 5 16,465 15,674
Debtors 6 43,384 76,112
Cash at bank and in hand 144 9,907
59,993 101,693
CREDITORS
Amounts falling due within one year 7 56,439 83,446
NET CURRENT ASSETS 3,554 18,247
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,443

24,403

CREDITORS
Amounts falling due after more than one
year

8

32,243

37,433
NET LIABILITIES (15,800 ) (13,030 )

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 (15,900 ) (13,130 )
SHAREHOLDERS' FUNDS (15,800 ) (13,030 )

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

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

The directors acknowledge their 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.

R.W. HART LIMITED (REGISTERED NUMBER: 02428728)

BALANCE SHEET - continued
30 SEPTEMBER 2023


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 Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:





Mr D J Hill - Director


R.W. HART LIMITED (REGISTERED NUMBER: 02428728)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

R.W. Hart 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 represents net invoiced sales of goods and services supplied to customers, excluding value added tax. The turnover is recognised at the earlier of invoice being raised or service provided.

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 - 25% on reducing balance
Computer equipment - 50% 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 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.

R.W. HART LIMITED (REGISTERED NUMBER: 02428728)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 on behalf of its director and certain employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2022 24,681 26,227 3,398 12,327 66,633
Additions 15,980 - - 390 16,370
Disposals (16,470 ) - - - (16,470 )
At 30 September 2023 24,191 26,227 3,398 12,717 66,533
DEPRECIATION
At 1 October 2022 18,674 26,083 3,393 12,327 60,477
Charge for year 4,194 36 1 195 4,426
Eliminated on disposal (11,259 ) - - - (11,259 )
At 30 September 2023 11,609 26,119 3,394 12,522 53,644
NET BOOK VALUE
At 30 September 2023 12,582 108 4 195 12,889
At 30 September 2022 6,007 144 5 - 6,156

5. STOCKS
30.9.23 30.9.22
£    £   
Stocks 16,465 15,674

R.W. HART LIMITED (REGISTERED NUMBER: 02428728)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 35,557 63,467
Other debtors 300 300
Amounts owed from related company - 2,021
Directors' current accounts 2,714 5,170
Corporation tax receivable 3,436 3,436
Prepayments and accrued income 1,377 1,718
43,384 76,112

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts (see note 9) 7,654 6,221
Trade creditors 8,574 56,757
Corporation tax 2,230 2,230
Social security and other taxes 5,852 13,631
Other creditors 19,666 304
Amounts owed to related company 7,979 -
Accrued expenses 4,484 4,303
56,439 83,446

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Bank loans (see note 9) 32,243 37,433

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - over 5 years 7,360 12,550

9. LOANS

An analysis of the maturity of loans is given below:

30.9.23 30.9.22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 1,433 -
Bank loans 6,221 6,221
7,654 6,221

Amounts falling due between one and two years:
Bank loans - 1-2 years 6,221 6,221

R.W. HART LIMITED (REGISTERED NUMBER: 02428728)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


9. LOANS - continued
30.9.23 30.9.22
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 18,662 18,662

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - over 5 years 7,360 12,550

10. SECURED DEBTS

The following secured debts are included within creditors:

30.9.23 30.9.22
£    £   
Bank loans 38,464 43,654

The bank loans are secured by fixed and floating charges over the company's assets.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Retained
earnings
£   

At 1 October 2022 (13,130 )
Deficit for the year (2,770 )
At 30 September 2023 (15,900 )

13. PENSION COMMITMENTS

The company operates a defined contribution pension scheme on behalf of its directors. The assets of the scheme and those of the company are held separately. The scheme is administered by an independent fund. Commitment during the year, under this scheme is for contributions amounting to £7,269 (2022 : £6,356).

14. ULTIMATE CONTROLLING PARTY

Mr D J Hill a director and chairman of the company, controls the company as a result of holding 51 per cent of the issued ordinary share capital.