1 April 2023 false No description of principal activity Taxfiler 2024.6 07960294business:PrivateLimitedCompanyLtd2023-04-012024-03-31 079602942023-03-31 079602942023-04-012024-03-31 07960294business:AuditExemptWithAccountantsReport2023-04-012024-03-31 07960294business:FilletedAccounts2023-04-012024-03-31 079602942024-03-31 07960294business:Director12023-04-012024-03-31 07960294business:Director22023-04-012024-03-31 07960294business:RegisteredOffice2023-04-012024-03-31 079602942023-03-31 07960294core:WithinOneYear2024-03-31 07960294core:WithinOneYear2023-03-31 07960294core:AfterOneYear2024-03-31 07960294core:AfterOneYear2023-03-31 07960294core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 07960294core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 07960294core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 07960294core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 07960294core:PreviouslyStatedAmount2024-03-31 07960294core:PreviouslyStatedAmount2023-03-31 07960294business:SmallEntities2023-04-012024-03-31 07960294countries:EnglandWales2023-04-012024-03-31 07960294core:LandBuildings2023-04-012024-03-31 07960294core:PlantMachinery2023-04-012024-03-31 07960294core:MotorVehicles2023-04-012024-03-31 07960294core:ComputerEquipment2023-04-012024-03-31 07960294core:Goodwill2023-03-31 07960294core:Goodwill2024-03-31 07960294core:LandBuildings2023-03-31 07960294core:PlantMachinery2023-03-31 07960294core:MotorVehicles2023-03-31 07960294core:ComputerEquipment2023-03-31 07960294core:LandBuildings2024-03-31 07960294core:PlantMachinery2024-03-31 07960294core:MotorVehicles2024-03-31 07960294core:ComputerEquipment2024-03-31 079602942022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 07960294 (England and Wales)
John Harding and Son Limited Unaudited accounts for the year ended 31 March 2024
John Harding and Son Limited Unaudited accounts Contents
Page
- 2 -
John Harding and Son Limited Company Information for the year ended 31 March 2024
Directors
John Harding Paul Harding
Company Number
07960294 (England and Wales)
Registered Office
Bank Field Clive Back Lane Winsford Cheshire CW7 3NX
- 3 -
John Harding and Son Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,200,048 
1,159,133 
Current assets
Inventories
9,201 
9,968 
Debtors
305,042 
239,305 
Cash at bank and in hand
242,516 
186,749 
556,759 
436,022 
Creditors: amounts falling due within one year
(440,382)
(385,361)
Net current assets
116,377 
50,661 
Total assets less current liabilities
1,316,425 
1,209,794 
Creditors: amounts falling due after more than one year
(223,304)
(218,045)
Provisions for liabilities
Deferred tax
(260,599)
(193,159)
Net assets
832,522 
798,590 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
832,518 
798,586 
Shareholders' funds
832,522 
798,590 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 December 2024 and were signed on its behalf by
John Harding Director Company Registration No. 07960294
- 4 -
John Harding and Son Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
John Harding and Son Limited is a private company, limited by shares, registered in England and Wales, registration number 07960294. The registered office is Bank Field, Clive Back Lane, Winsford, Cheshire, CW7 3NX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
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 accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% on reducing balance
Plant & machinery
20% on reducing balance
Motor vehicles
20% on reducing balance
Computer equipment
25% on cost
Stocks
Stocks have been valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
Taxation for the year comprises of current tax and deferred tax. Tax is recognised in the Income Statement, expect to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation 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.
- 5 -
John Harding and Son Limited Notes to the Accounts for the year ended 31 March 2024
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
60,000 
At 31 March 2024
60,000 
Amortisation
At 1 April 2023
60,000 
At 31 March 2024
60,000 
Net book value
At 31 March 2024
- 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
213,271 
1,677,120 
317,825 
4,588 
2,212,804 
Additions
- 
322,385 
18,500 
- 
340,885 
Disposals
- 
(217,882)
- 
- 
(217,882)
At 31 March 2024
213,271 
1,781,623 
336,325 
4,588 
2,335,807 
Depreciation
At 1 April 2023
49,262 
861,745 
138,167 
4,497 
1,053,671 
Charge for the year
7,580 
179,052 
38,398 
91 
225,121 
On disposals
- 
(143,033)
- 
- 
(143,033)
At 31 March 2024
56,842 
897,764 
176,565 
4,588 
1,135,759 
Net book value
At 31 March 2024
156,429 
883,859 
159,760 
- 
1,200,048 
At 31 March 2023
164,009 
815,375 
179,658 
91 
1,159,133 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
305,042 
239,305 
- 6 -
John Harding and Son Limited Notes to the Accounts for the year ended 31 March 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
52,959 
60,821 
VAT
31,200 
13,562 
Obligations under finance leases and hire purchase contracts
147,461 
171,563 
Trade creditors
73,464 
59,295 
Taxes and social security
49,095 
9,520 
Loans from directors
67,894 
62,732 
Accruals
18,309 
7,868 
440,382 
385,361 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
223,304 
218,045 
9
Average number of employees
During the year the average number of employees was 18 (2023: 16).
- 7 -