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REGISTERED NUMBER: 03752004 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Harmony Creations Limited

Harmony Creations Limited (Registered number: 03752004)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Harmony Creations Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: A Natekar
Mrs S Natekar





REGISTERED OFFICE: 68 Mollison Way,
Edgware
Middlesex
HA8 5QW





REGISTERED NUMBER: 03752004 (England and Wales)





ACCOUNTANTS: Palak Services Limited
80 Woodrush Way
Romford
Essex
RM6 5BL

Harmony Creations Limited (Registered number: 03752004)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 751 1,001

CURRENT ASSETS
Stocks 2,714 2,714
Cash at bank 25,880 30,500
28,594 33,214
CREDITORS
Amounts falling due within one year 5 31,071 39,742
NET CURRENT LIABILITIES (2,477 ) (6,528 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,726

)

(5,527

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (1,826 ) (5,627 )
SHAREHOLDERS' FUNDS (1,726 ) (5,527 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Harmony Creations Limited (Registered number: 03752004)

Balance Sheet - continued
30 April 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 authorised for issue by the Board of Directors and authorised for issue on 13 December 2024 and were signed on its behalf by:





A Natekar - Director


Harmony Creations Limited (Registered number: 03752004)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Harmony Creations Limited 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.

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.

Going concern
The financial statements have been prepared on a going concern basis, notwithstanding the fact that there is a net current deficit of £2,477 (2023: £6,528) on the balance sheet. The directors, having made appropriate enquiries are satisfied that the company will continue to receive the necessary support from it's shareholders to be able to remain in operational existence for the foreseeable future. Therefore, the directors are of the opinion that it is appropriate to adopt the going concern basis in preparing these financial statements. The financial statements do not include the adjustments that would result if the company was unable to continue as a going concern.

Turnover
The turnover is attributable to the principal activity of the company and represents the invoiced amount of services provided. Revenue is recognised upon successful delivery of the service and acceptance of the same by the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & Machinery - 25% reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Harmony Creations Limited (Registered number: 03752004)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price.Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

Harmony Creations Limited (Registered number: 03752004)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 9,178
DEPRECIATION
At 1 May 2023 8,177
Charge for year 250
At 30 April 2024 8,427
NET BOOK VALUE
At 30 April 2024 751
At 30 April 2023 1,001

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Taxation and social security 1 5
Other creditors 31,070 39,737
31,071 39,742

6. RELATED PARTY DISCLOSURES

At the balance sheet date, an amount of £30,719 (2023: £39,436) was due to the directors.