Company registration number 06751974 (England and Wales)
HARTY LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
HARTY LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
HARTY LTD (REGISTERED NUMBER: 06751974)
BALANCE SHEET
AS AT 31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
11
15
Current assets
Debtors
5
83,407
34,456
Cash at bank and in hand
52,001
223,906
135,408
258,362
Creditors: amounts falling due within one year
6
(71,748)
(137,066)
Net current assets
63,660
121,296
Net assets
63,671
121,311
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
63,571
121,211
Total equity
63,671
121,311
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 24 September 2024 and are signed on its behalf by:
Mr N R L Hart
Director
HARTY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information
Harty Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 171a Butchers Lane, Mereworth, Maidstone, Kent, ME18 5QG.
1.1
Reporting period
In the previous period of account, the reporting period changed from the year ending 31 December 2022 to the period ending 31 March 2023. The current period of account is for a year, reflecting the year from 1 April 2023 to 31 March 2024. Comparative amounts are therefore not entirely comparable.
1.2
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.3
Going concern
Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.4
Turnover
Turnover represents amounts receivable for the provision of financial advice services, excluding value added tax.
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
The amount of turnover can be measured reliably;
It is probable that the company will receive the consideration due under the contract;
The stage of completion of the contract at the end of the reporting period can be measured reliably and;
The costs incurred and the costs to complete the contract can be measured reliably
1.5
Intangible fixed assets - goodwill
Goodwill, being the amounts paid in connection with the acquisition of business, being amortised evenly over estimated useful life of 10 years.
HARTY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 3 -
1.6
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings & equipment
25% on reducing balance
Computer equipment
33% on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.7
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
3
3
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2023 and 31 March 2024
546,896
Amortisation and impairment
At 1 April 2023 and 31 March 2024
546,896
Carrying amount
At 31 March 2024
At 31 March 2023
HARTY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
4
Tangible fixed assets
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
Cost
At 1 April 2023 and 31 March 2024
798
3,526
4,324
Depreciation and impairment
At 1 April 2023
783
3,526
4,309
Depreciation charged in the year
4
4
At 31 March 2024
787
3,526
4,313
Carrying amount
At 31 March 2024
11
11
At 31 March 2023
15
15
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
83,407
34,456
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
998
1,715
Taxation and social security
67,719
132,545
Other creditors
3,031
2,806
71,748
137,066
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of £1 each
64
73
64
73
Ordinary B of £1 each
9
9
9
9
Ordinary C of £1 each
9
9
9
9
Ordinary D of £1 each
9
9
9
9
Ordinary E of £1 each
9
-
9
-
100
100
100
100