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REGISTERED NUMBER: 06608681 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

HART EXCAVATIONS LIMITED

HART EXCAVATIONS LIMITED (REGISTERED NUMBER: 06608681)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HART EXCAVATIONS LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTORS: Mr T Hart
Mrs K L Hart





SECRETARY: Mrs K L Hart





REGISTERED OFFICE: The Lodge
79a High Street
Bovingdon
Hertfordshire
HP3 0HP





REGISTERED NUMBER: 06608681 (England and Wales)





ACCOUNTANTS: Kings Chartered Accountants
4 Grovelands
Boundary Way
Hemel Hempstead
Hertfordshire
HP2 7TE

HART EXCAVATIONS LIMITED (REGISTERED NUMBER: 06608681)

BALANCE SHEET
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 900 1,800
Tangible assets 5 307,963 219,001
308,863 220,801

CURRENT ASSETS
Debtors 6 35,340 67,592
Cash at bank 21,279 12,120
56,619 79,712
CREDITORS
Amounts falling due within one year 7 85,996 77,203
NET CURRENT (LIABILITIES)/ASSETS (29,377 ) 2,509
TOTAL ASSETS LESS CURRENT
LIABILITIES

279,486

223,310

CREDITORS
Amounts falling due after more than one
year

8

(151,424

)

(78,908

)

PROVISIONS FOR LIABILITIES 10 (58,513 ) (41,611 )
NET ASSETS 69,549 102,791

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 69,547 102,789
SHAREHOLDERS' FUNDS 69,549 102,791

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

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

HART EXCAVATIONS LIMITED (REGISTERED NUMBER: 06608681)

BALANCE SHEET - continued
30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 January 2025 and were signed on its behalf by:





Mr T Hart - Director


HART EXCAVATIONS LIMITED (REGISTERED NUMBER: 06608681)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Hart Excavations 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes derived from ordinary activities. Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the service.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

HART EXCAVATIONS LIMITED (REGISTERED NUMBER: 06608681)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets,are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

HART EXCAVATIONS LIMITED (REGISTERED NUMBER: 06608681)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 9,000
AMORTISATION
At 1 July 2023 7,200
Charge for year 900
At 30 June 2024 8,100
NET BOOK VALUE
At 30 June 2024 900
At 30 June 2023 1,800

HART EXCAVATIONS LIMITED (REGISTERED NUMBER: 06608681)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 769,725 2,383 62,995 3,877 838,980
Additions 171,891 - - 357 172,248
Disposals (58,000 ) - - - (58,000 )
At 30 June 2024 883,616 2,383 62,995 4,234 953,228
DEPRECIATION
At 1 July 2023 554,349 2,383 59,370 3,877 619,979
Charge for year 68,185 - 3,625 15 71,825
Eliminated on disposal (46,539 ) - - - (46,539 )
At 30 June 2024 575,995 2,383 62,995 3,892 645,265
NET BOOK VALUE
At 30 June 2024 307,621 - - 342 307,963
At 30 June 2023 215,376 - 3,625 - 219,001

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 July 2023 329,350 32,495 361,845
Additions 167,245 - 167,245
Disposals (35,000 ) - (35,000 )
At 30 June 2024 461,595 32,495 494,090
DEPRECIATION
At 1 July 2023 199,377 32,495 231,872
Charge for year 46,537 - 46,537
Eliminated on disposal (26,694 ) - (26,694 )
At 30 June 2024 219,220 32,495 251,715
NET BOOK VALUE
At 30 June 2024 242,375 - 242,375
At 30 June 2023 129,973 - 129,973

HART EXCAVATIONS LIMITED (REGISTERED NUMBER: 06608681)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 6,688 51,846
Other debtors 1,846 1,060
Tax 8,251 9,340
Value added tax 15,235 -
Prepayments and accrued income 3,320 5,346
35,340 67,592

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 54,559 39,771
Trade creditors 24,756 22,380
Taxation - 10,096
Social security and other taxes - 797
Value added tax - 2,079
Other creditors 4,754 395
Directors' current accounts 427 185
Accruals 1,500 1,500
85,996 77,203

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 122,424 40,908
Directors' loan accounts 29,000 38,000
151,424 78,908

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Hire purchase contracts 176,983 -

All Hire Purchase liabilities are secured against the assets concerned. In addition, the directors have provided a joint personal guarantee for Hire Purchase liabilities amounting to £101,076 included in the above.

10. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 58,513 41,611

HART EXCAVATIONS LIMITED (REGISTERED NUMBER: 06608681)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 July 2023 41,611
Provided during year 16,902
Balance at 30 June 2024 58,513

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
2 Ordinary £1 2 2