9 01/07/2023 30/06/2024 2024-06-30 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2023-07-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 14813356 2023-07-01 2024-06-30 14813356 2024-06-30 14813356 2023-06-30 14813356 bus:Director2 2023-07-01 2024-06-30 14813356 core:PlantMachinery 2024-06-30 14813356 core:ShareCapital 2023-07-01 2024-06-30 14813356 core:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 14813356 core:WithinOneYear 2024-06-30 14813356 core:ShareCapital 2024-06-30 14813356 core:RetainedEarningsAccumulatedLosses 2024-06-30 14813356 core:PreviouslyStatedAmount core:ShareCapital 2024-06-30 14813356 core:PlantMachinery 2023-07-01 2024-06-30 14813356 bus:SmallEntities 2023-07-01 2024-06-30 14813356 bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 14813356 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 14813356 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 14813356 bus:FullAccounts 2023-07-01 2024-06-30
Company registration number: 14813356
Hartlington Fencing Supplies Ltd
Unaudited filleted financial statements
30 June 2024
Hartlington Fencing Supplies Ltd
Contents
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Hartlington Fencing Supplies Ltd
Statement of financial position
30 June 2024
2024
Note £ £
Fixed assets
Tangible assets 5 100,846
_______
100,846
Current assets
Stocks 264,913
Debtors 6 297,400
Cash at bank and in hand 225,703
_______
788,016
Creditors: amounts falling due
within one year 7 ( 563,839)
_______
Net current assets 224,177
_______
Total assets less current liabilities 325,023
Provisions for liabilities ( 25,212)
_______
Net assets 299,811
_______
Capital and reserves
Called up share capital 100
Profit and loss account 299,711
_______
Shareholders funds 299,811
_______
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- 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;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 03 October 2024 , and are signed on behalf of the board by:
Mr M W Daggett Mr N J Daggett
Director Director
Company registration number: 14813356
Hartlington Fencing Supplies Ltd
Statement of changes in equity
Year ended 30 June 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 July 2023 - - -
Profit for the year 305,711 305,711
_______ _______ _______
Total comprehensive income for the year - 305,711 305,711
Issue of shares 100 100
Dividends paid and payable ( 6,000) ( 6,000)
_______ _______ _______
Total investments by and distributions to owners 100 ( 6,000) ( 5,900)
_______ _______ _______
At 30 June 2024 100 299,711 299,811
_______ _______ _______
Hartlington Fencing Supplies Ltd
Notes to the financial statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hartlington Fencing Supplies, Wharfe House Farm, Burnsall, Skipton, North Yorkshire, BD23 6BY.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.Tax deferred or accelerated is accounted for in respect of all material timing differences, in particular accelerated capital allowances and revaluation gains on investment properties. All deferred tax is charged/(credited) to the Statement of Income and Retained Earnings
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingl. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in a settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.
Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method. Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 9
5. Tangible assets
Plant and machinery Total
£ £
Cost
At 1 July 2023 - -
Additions 109,687 109,687
_______ _______
At 30 June 2024 109,687 109,687
_______ _______
Depreciation
At 1 July 2023 - -
Charge for the year 8,841 8,841
_______ _______
At 30 June 2024 8,841 8,841
_______ _______
Carrying amount
At 30 June 2024 100,846 100,846
_______ _______
6. Debtors
2024
£
Trade debtors 282,572
Other debtors 14,828
_______
297,400
_______
7. Creditors: amounts falling due within one year
2024
£
Trade creditors 165,720
Corporation tax 76,546
Social security and other taxes 32,797
Other creditors 288,776
_______
563,839
_______