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REGISTERED NUMBER: 06428889 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

K F HARTY FINANCIAL MANAGEMENT LTD

K F HARTY FINANCIAL MANAGEMENT LTD (REGISTERED NUMBER: 06428889)

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


K F HARTY FINANCIAL MANAGEMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: K F Harty DipPFS Certs CII





SECRETARY: The William Marshall Partnership Limited





REGISTERED OFFICE: Park View House
Ropewalk
Fishguard
Pembrokeshire
SA65 9BT





BUSINESS ADDRESS: 69, Cae Castell
Loughor
Swansea
West Glamorgan
SA4 6UJ





REGISTERED NUMBER: 06428889 (England and Wales)





ACCOUNTANTS: William Marshall & Co
Financial Accountants
Park View House
Ropewalk
Fishguard
Pembrokeshire
SA65 9BT

K F HARTY FINANCIAL MANAGEMENT LTD (REGISTERED NUMBER: 06428889)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,500 9,375
Tangible assets 5 - -
7,500 9,375

CURRENT ASSETS
Debtors 6 8,359 7,217
Cash at bank 62,336 68,873
70,695 76,090
CREDITORS
Amounts falling due within one year 7 28,931 35,043
NET CURRENT ASSETS 41,764 41,047
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,264

50,422

CREDITORS
Amounts falling due after more than one year 8 10,000 10,000
NET ASSETS 39,264 40,422

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 39,164 40,322
SHAREHOLDERS' FUNDS 39,264 40,422

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 director acknowledges his 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.

K F HARTY FINANCIAL MANAGEMENT LTD (REGISTERED NUMBER: 06428889)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 October 2024 and were signed by:





K F Harty DipPFS Certs CII - Director


K F HARTY FINANCIAL MANAGEMENT LTD (REGISTERED NUMBER: 06428889)

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


1. STATUTORY INFORMATION

K F Harty Financial Management Ltd 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 sales of financial services.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 37,500
AMORTISATION
At 1 February 2023 28,125
Amortisation for year 1,875
At 31 January 2024 30,000
NET BOOK VALUE
At 31 January 2024 7,500
At 31 January 2023 9,375

K F HARTY FINANCIAL MANAGEMENT LTD (REGISTERED NUMBER: 06428889)

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


5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 February 2023
and 31 January 2024 1,386
DEPRECIATION
At 1 February 2023
and 31 January 2024 1,386
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Recoverable amounts 6,149 5,721
Amounts receivable in respect of hire purchase
contracts

1,030

-
Prepayments 1,180 1,496
8,359 7,217

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 9,333 13,333
Trade creditors - 2,369
Corporation tax 7,205 7,896
Director's current account 8,603 10,431
Directors' loan accounts 1,834 1,014
Accrued expenses 1,956 -
28,931 35,043

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other loans (see note 9) 10,000 10,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Director's loan account 1 10,000 10,000

K F HARTY FINANCIAL MANAGEMENT LTD (REGISTERED NUMBER: 06428889)

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


9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 9,333 13,333

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Director's loan account 1 10,000 10,000

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1.00 100 100

11. RESERVES
Retained
earnings
£   

At 1 February 2023 40,322
Profit for the year 28,842
Dividends (30,000 )
At 31 January 2024 39,164

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The company pays the director £3,120 p.a. for the provision of office facilities.