BrightAccountsProduction v1.0.0 v1.0.0 2023-03-01 The company was not dormant during the period The company was trading for the entire period The principal activity of the company is that the sale and leasing of 3D concrete printing machinery and ancillary products. 29 November 2024 1 1 NI676870 2024-02-29 NI676870 2023-02-28 NI676870 2022-02-28 NI676870 2023-03-01 2024-02-29 NI676870 2022-03-01 2023-02-28 NI676870 uk-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 NI676870 uk-curr:PoundSterling 2023-03-01 2024-02-29 NI676870 uk-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 NI676870 uk-bus:FullAccounts 2023-03-01 2024-02-29 NI676870 uk-bus:Director1 2023-03-01 2024-02-29 NI676870 uk-bus:RegisteredOffice 2023-03-01 2024-02-29 NI676870 uk-bus:Agent1 2023-03-01 2024-02-29 NI676870 uk-bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 NI676870 uk-core:ShareCapital 2024-02-29 NI676870 uk-core:ShareCapital 2023-02-28 NI676870 uk-core:RetainedEarningsAccumulatedLosses 2024-02-29 NI676870 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 NI676870 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-02-29 NI676870 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-02-28 NI676870 uk-bus:FRS102 2023-03-01 2024-02-29 NI676870 uk-core:PlantMachinery 2023-03-01 2024-02-29 NI676870 uk-core:FurnitureFittingsToolsEquipment 2023-03-01 2024-02-29 NI676870 uk-core:CurrentFinancialInstruments 2024-02-29 NI676870 uk-core:CurrentFinancialInstruments 2023-02-28 NI676870 uk-core:WithinOneYear 2024-02-29 NI676870 uk-core:WithinOneYear 2023-02-28 NI676870 uk-core:EmployeeBenefits 2023-02-28 NI676870 uk-core:EmployeeBenefits 2023-03-01 2024-02-29 NI676870 uk-core:AcceleratedTaxDepreciationDeferredTax 2024-02-29 NI676870 uk-core:TaxLossesCarry-forwardsDeferredTax 2024-02-29 NI676870 uk-core:OtherDeferredTax 2024-02-29 NI676870 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2024-02-29 NI676870 uk-core:EmployeeBenefits 2024-02-29 NI676870 2023-03-01 2024-02-29 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI676870
 
 
Harcourt Technologies Limited
 
Unaudited Financial Statements
 
for the financial year ended 29 February 2024



Harcourt Technologies Limited
DIRECTOR AND OTHER INFORMATION

 
Director Justin Kinsella
 
 
Company Registration Number NI676870
 
 
Registered Office and Business Address 14 Seaview
Warrenpoint
Newry
BT34 3NJ
 
 
Accountants Quarter
Chartered Accountants
St Anne's House
15 Church Street
Cathedral Quarter
BT1 1PG
United Kingdom



Harcourt Technologies Limited

CHARTERED ACCOUNTANTS REPORT
to the Director on the Compilation of the unaudited financial statements of Harcourt Technologies Limited
for the financial year ended 29 February 2024
 
In accordance with the engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the financial statements of the company for the financial year ended 29 February 2024 as set out on pages  to 12 which comprise the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.
 
This report is made solely to the director of Harcourt Technologies Limited, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company’s Director that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its director for our work or for this report.
 
We have carried out this engagement in accordance with guidance issued by Chartered Accountants Ireland and have complied with the relevant ethical guidance laid down by Chartered Accountants Ireland relating to members undertaking the compilation of financial statements.
 
You have acknowledged on the Statement of Financial Position for the year ended 29 February 2024 your duty to ensure that Harcourt Technologies Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Harcourt Technologies Limited. You consider that Harcourt Technologies Limited is exempt from the statutory audit requirement for the financial year.
 
We have not been instructed to carry out an audit or a review of the financial statements of Harcourt Technologies Limited. For this reason, we have not verified the adequacy, accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
 
 
 
__________________________________
QUARTER
Chartered Accountants
St Anne's House
15 Church Street
Cathedral Quarter
BT1 1PG
United Kingdom
 
29 November 2024



Harcourt Technologies Limited
Company Registration Number: NI676870
STATEMENT OF FINANCIAL POSITION
as at 29 February 2024

2024 2023
Notes £ £
 
Non-Current Assets
Property, plant and equipment 4 427,885 479,303
───────── ─────────
 
Current Assets
Debtors 5 282,732 222,783
Cash and cash equivalents 971 2,493
───────── ─────────
283,703 225,276
───────── ─────────
Creditors: amounts falling due within one year 6 (696,803) (745,279)
───────── ─────────
Net Current Liabilities (413,100) (520,003)
───────── ─────────
Total Assets less Current Liabilities 14,785 (40,700)
 
Provisions for liabilities 8 45,347 59,314
───────── ─────────
Net Assets 60,132 18,614
═════════ ═════════
 
Capital and Reserves
Called up share capital 100 100
Retained earnings 60,032 18,514
───────── ─────────
Equity attributable to owners of the company 60,132 18,614
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Income Statement and Director's Report.
           
For the financial year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 29 November 2024
           
           
________________________________          
Justin Kinsella          
Director          
           



Harcourt Technologies Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 29 February 2024

   
1. General Information
 
Harcourt Technologies Limited is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI676870. The registered office of the company is 14 Seaview, Warrenpoint, Newry, BT34 3NJ which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 29 February 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Property, plant and equipment and depreciation
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 10% Straight line
  Fixtures, fittings and equipment - 20% Reducing balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including the director, during the financial year was 1, (2023 - 1).
 
  2024 2023
  Number Number
 
Director 1 1
  ═════════ ═════════
         
4. Property, plant and equipment
  Plant and Fixtures, Total
  machinery fittings and  
    equipment  
  £ £ £
Cost
At 1 March 2023 529,981 2,900 532,881
Additions - 2,555 2,555
  ───────── ───────── ─────────
At 29 February 2024 529,981 5,455 535,436
  ───────── ───────── ─────────
Depreciation
At 1 March 2023 52,998 580 53,578
Charge for the financial year 52,998 975 53,973
  ───────── ───────── ─────────
At 29 February 2024 105,996 1,555 107,551
  ───────── ───────── ─────────
Net book value
At 29 February 2024 423,985 3,900 427,885
  ═════════ ═════════ ═════════
At 28 February 2023 476,983 2,320 479,303
  ═════════ ═════════ ═════════
       
5. Debtors 2024 2023
  £ £
 
Trade debtors - 15,000
Amounts owed by connected parties (Note 10) 57,559 94,951
Other debtors 107,053 107,053
Taxation  (Note 7) 493 5,779
Prepayments and accrued income 117,627 -
  ───────── ─────────
  282,732 222,783
  ═════════ ═════════
       
6. Creditors 2024 2023
Amounts falling due within one year £ £
 
Trade creditors 120 47,365
Taxation  (Note 7) - 9,747
Director's current account 692,683 688,167
Accruals 4,000 -
  ───────── ─────────
  696,803 745,279
  ═════════ ═════════
       
7. Taxation 2024 2023
  £ £
 
Debtors:
VAT 493 5,779
  ═════════ ═════════
Creditors:
Corporation tax - 9,747
  ═════════ ═════════
           
8. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Losses Total Total
  allowances      
         
      2024 2023
  £ £ £ £
 
At financial year start 119,826 (179,140) (59,314) -
Charged to profit and loss (12,855) 26,822 13,967 (59,314)
  ───────── ───────── ───────── ─────────
At financial year end 106,971 (152,318) (45,347) (59,314)
  ═════════ ═════════ ═════════ ═════════
       
9. Capital commitments
 
The company had no material capital commitments at the financial year-ended 29 February 2024.
           
10. Related party transactions
  Balance Movement Balance Maximum
  2024 in year 2023 in year
  £ £ £ £
 
Harcourt Technologies Ireland Limited 57,559 (37,392) 94,951 94,951
  ───────── ───────── ───────── ═════════
 
Justin Kinsella is a director and shareholder in both Harcourt Technologies Ltd and Harcourt Technologies Ireland Limited. The net movement of transactions between the companies during the period was £37,392. As at 28th February 2024, Harcourt Technologies Ireland Limited owed Harcourt Technologies Limited £57,559.
   
11. Events After the End of the Reporting Period
 
There have been no significant events affecting the company since the financial year-end.