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REGISTERED NUMBER: 13209512 (England and Wales)















Financial Statements for the Year Ended 29 February 2024

for

BABY HARVEY LTD

BABY HARVEY LTD (REGISTERED NUMBER: 13209512)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


BABY HARVEY LTD (REGISTERED NUMBER: 13209512)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,800 7,200
Tangible assets 5 48,625 59,412
53,425 66,612

CURRENT ASSETS
Debtors 6 17,420 35,627
Cash at bank and in hand 9,032 35,943
26,452 71,570
CREDITORS
Amounts falling due within one year 7 119,368 148,462
NET CURRENT LIABILITIES (92,916 ) (76,892 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(39,491

)

(10,280

)

CREDITORS
Amounts falling due after more than one
year

8

62,051

81,553
NET LIABILITIES (101,542 ) (91,833 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (101,544 ) (91,835 )
(101,542 ) (91,833 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

BABY HARVEY LTD (REGISTERED NUMBER: 13209512)

Balance Sheet - continued
29 February 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 24 October 2024 and were signed on its behalf by:




Ms C Robbins - Director



Mr D Robbins - Director


BABY HARVEY LTD (REGISTERED NUMBER: 13209512)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Baby Harvey Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13209512

Registered office: 77-79 Cartland Road
Stirchley
Birmingham
B30 2SD

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
The preparation of the financial statements in conformity with generally accepted accounting principles requires the Directors to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results in the future could differ from those estimates. Management considers that certain accounting assumptions relating to revenue, taxation and provisions are its critical accounting policies.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred in respect of the transaction can be measured reliably.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 4% on cost

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.

BABY HARVEY LTD (REGISTERED NUMBER: 13209512)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

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.

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.

Going concern
The financial statements have been prepared on a going concern basis, despite the net liability position. The company is still in its infancy and is fully supported by the directors who would not withdraw loan accounts until there are sufficient funds to do so. The net liability position is decreasing. In making this assessment the directors have considered the likely trading conditions for a period of twelve months from the date of the approval of these accounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2023
and 29 February 2024 12,000
AMORTISATION
At 1 March 2023 4,800
Charge for year 2,400
At 29 February 2024 7,200
NET BOOK VALUE
At 29 February 2024 4,800
At 28 February 2023 7,200

BABY HARVEY LTD (REGISTERED NUMBER: 13209512)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 93,071
Additions 502
At 29 February 2024 93,573
DEPRECIATION
At 1 March 2023 33,659
Charge for year 11,289
At 29 February 2024 44,948
NET BOOK VALUE
At 29 February 2024 48,625
At 28 February 2023 59,412

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 17,420 35,627

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 17,034 15,949
Trade creditors 2,943 16,812
Taxation and social security 33,777 17,489
Other creditors 65,614 98,212
119,368 148,462

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 62,051 81,553

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 6,142

BABY HARVEY LTD (REGISTERED NUMBER: 13209512)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Bank loans 79,085 97,502

The bank loan is secured by a fixed and floating charge on the undertakings of the company.