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REGISTERED NUMBER: 03379258 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

HARLING FOUNDRIES (SUSSEX) LIMITED

HARLING FOUNDRIES (SUSSEX) LIMITED (REGISTERED NUMBER: 03379258)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HARLING FOUNDRIES (SUSSEX) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr L J Nichol
Mrs S E Nichol





REGISTERED OFFICE: Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES





REGISTERED NUMBER: 03379258 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

HARLING FOUNDRIES (SUSSEX) LIMITED (REGISTERED NUMBER: 03379258)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

31.3.24 31.3.23
Restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 4,585

CURRENT ASSETS
Debtors 5 67,015 55,857
Cash at bank 382,378 499,150
449,393 555,007
CREDITORS
Amounts falling due within one year 6 3,004 117,009
NET CURRENT ASSETS 446,389 437,998
TOTAL ASSETS LESS CURRENT
LIABILITIES

446,389

442,583

PROVISIONS FOR LIABILITIES 7 - 704
NET ASSETS 446,389 441,879

CAPITAL AND RESERVES
Called up share capital 8 960 960
Share premium 75,346 75,346
Retained earnings 370,083 365,573
SHAREHOLDERS' FUNDS 446,389 441,879

HARLING FOUNDRIES (SUSSEX) LIMITED (REGISTERED NUMBER: 03379258)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


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 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.

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 Board of Directors and authorised for issue on 16 October 2024 and were signed on its behalf by:





Mr L J Nichol - Director


HARLING FOUNDRIES (SUSSEX) LIMITED (REGISTERED NUMBER: 03379258)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Harling Foundries (Sussex) 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 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.
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 8 ) .

HARLING FOUNDRIES (SUSSEX) LIMITED (REGISTERED NUMBER: 03379258)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 April 2023 12,091 3,068 15,159
Disposals (12,091 ) (3,068 ) (15,159 )
At 31 March 2024 - - -
Depreciation
At 1 April 2023 8,374 2,200 10,574
Eliminated on disposal (8,374 ) (2,200 ) (10,574 )
At 31 March 2024 - - -
Net book value
At 31 March 2024 - - -
At 31 March 2023 3,717 868 4,585

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
Restated
£    £   
Amounts owed by participating interests 42,015 -
Other debtors 25,000 51,000
Prepayments - 4,857
67,015 55,857

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
Restated
£    £   
Amounts owed to participating interests - 76,816
Tax 270 13,601
VAT 1,533 16,500
Other creditors - 294
Directors' current accounts - 5,598
Accruals and deferred income 1,201 4,200
3,004 117,009

7. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
Restated
£    £   
Deferred tax - 704

HARLING FOUNDRIES (SUSSEX) LIMITED (REGISTERED NUMBER: 03379258)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 704
Provided during year (704 )
Balance at 31 March 2024 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
960 Ordinary £1 960 960