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REGISTERED NUMBER: 00286651 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

HARTRIDGES LIMITED

HARTRIDGES LIMITED (REGISTERED NUMBER: 00286651)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HARTRIDGES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: C S Hartridge
C Hartridge
E T Hartridge





SECRETARY: C S Hartridge





REGISTERED OFFICE: The Maltings
Hambledon
Waterlooville
PO7 4AE





REGISTERED NUMBER: 00286651 (England and Wales)





ACCOUNTANTS: Lewis Brownlee (Chichester) Limited
Chartered Accountants
Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ

HARTRIDGES LIMITED (REGISTERED NUMBER: 00286651)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 826,194 725,184

CURRENT ASSETS
Stocks 242,942 298,221
Debtors 5 422,602 464,707
Cash at bank 603,661 499,199
1,269,205 1,262,127
CREDITORS
Amounts falling due within one year 6 436,438 396,843
NET CURRENT ASSETS 832,767 865,284
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,658,961

1,590,468

CREDITORS
Amounts falling due after more than one year 7 (139,166 ) (209,166 )

PROVISIONS FOR LIABILITIES (197,635 ) (171,302 )
NET ASSETS 1,322,160 1,210,000

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Revaluation reserve 9 237,000 262,125
Capital redemption reserve 9 1,000 1,000
Retained earnings 9 1,082,160 944,875
1,322,160 1,210,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

HARTRIDGES LIMITED (REGISTERED NUMBER: 00286651)

BALANCE SHEET - continued
31 JANUARY 2024


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 31 October 2024 and were signed on its behalf by:





E T Hartridge - Director


HARTRIDGES LIMITED (REGISTERED NUMBER: 00286651)

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


1. STATUTORY INFORMATION

Hartridges Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office can be found on the Company Information page.

The presentational currency of the financial statements is Pound Sterling (£) which is rounded to the nearest Pound (£).

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the amount derived from ordinary activities, stated after discounts, value added tax and any other sales taxes, where applicable. Turnover is the value of goods provided to customers during the year.

Turnover is recognised on sale of goods when goods are delivered to customers and the title, risks and rewards of ownership have transferred to them.

Turnover is derived from the provision of soft drinks.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% and 10% on cost
Plant and machinery - 20% on cost and Straight line over 15 years
Motor vehicles - 20% on cost

Plant and machinery is initially recognised at cost and subsequently measured at valuation.

Revaluations are made with sufficient regularity to ensure that the carrying amount of the revalued fixed asset does not differ materially from that which would be determined using fair value at the balance sheet date. The revaluation gain or loss is taken directly to the revaluation reserve in equity and is reported as other comprehensive income. Gains are only recognised in profit and loss to the extent that they reverse a revaluation decrease of the same asset that was previously recognised in profit or loss.

Losses on revaluation are recognised in the revaluation reserve to the extent of a credit balance on the revaluation reserve. Any remaining loss is taken to the profit and loss account.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial instruments are classified by the directors as basic or advanced following the conditions in FRS102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.


HARTRIDGES LIMITED (REGISTERED NUMBER: 00286651)

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


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

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.

Government grants
Grants relating to revenue are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. Grants that become receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

HARTRIDGES LIMITED (REGISTERED NUMBER: 00286651)

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


4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 February 2023 8,000 2,117,992 36,098 20,226 2,182,316
Additions - 169,000 - - 169,000
At 31 January 2024 8,000 2,286,992 36,098 20,226 2,351,316
DEPRECIATION
At 1 February 2023 2,239 1,398,573 36,098 20,222 1,457,132
Charge for year 160 67,826 - 4 67,990
At 31 January 2024 2,399 1,466,399 36,098 20,226 1,525,122
NET BOOK VALUE
At 31 January 2024 5,601 820,593 - - 826,194
At 31 January 2023 5,761 719,419 - 4 725,184

Cost or valuation at 31 January 2024 is represented by:

Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
Valuation in 2015 - 500,000 - - 500,000
Cost 8,000 1,786,992 36,098 20,226 1,851,316
8,000 2,286,992 36,098 20,226 2,351,316

If plant and machinery had not been revalued they would have been included at the following:

Historical Cost£1,843,315(2023 £1,674,316)
Aggregate depreciation£1,338,723(2023 £1,304,393)
Value of plant and machinery£504,592(2023 £369,923)

Plant and machinery was valued on an open market basis on 31 January 2024 by the directors.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 300,636 338,457
Amounts owed by group undertakings 59,816 72,013
Other debtors 62,150 54,237
422,602 464,707

HARTRIDGES LIMITED (REGISTERED NUMBER: 00286651)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 70,000 70,000
Hire purchase contracts (see note 8) - 1,424
Trade creditors 272,809 293,969
Taxation and social security 88,857 26,779
Other creditors 4,772 4,671
436,438 396,843

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 139,166 209,166

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year - 1,424

At the reporting date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases of £360,000 (2023: £360,000).

There is an operating lease of 50 years on the leasehold property.

9. RESERVES
Capital
Retained Revaluation redemption
earnings reserve reserve Totals
£    £    £    £   

At 1 February 2023 944,875 262,125 1,000 1,208,000
Profit for the year 264,102 - - 264,102
Dividends (151,942 ) - - (151,942 )
Transfer between reserves 25,125 (25,125 ) - -
At 31 January 2024 1,082,160 237,000 1,000 1,320,160

HARTRIDGES LIMITED (REGISTERED NUMBER: 00286651)

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


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
C S Hartridge
Balance outstanding at start of year 5,461 10,903
Amounts advanced 23,578 4,558
Amounts repaid (20,000 ) (10,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,039 5,461

E T Hartridge
Balance outstanding at start of year 24,119 868
Amounts advanced 9,150 23,251
Amounts repaid (20,450 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,819 24,119

During the year, the company made advances to both directors as above. No interest has been charged on this balance. The loans were repaid after the year end.