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
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
John Harding and Son Limited
Statement of financial position
as at 31 March 2024
Tangible assets
1,200,048
1,159,133
Cash at bank and in hand
242,516
186,749
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
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
John Harding and Son Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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 have been valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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.
John Harding and Son Limited
Notes to the Accounts
for the year ended 31 March 2024
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
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
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
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
Amounts falling due within one year
Trade debtors
305,042
239,305
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
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
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).