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REGISTERED NUMBER: 00531798 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Norman Hargreaves & Sons Limited

Norman Hargreaves & Sons Limited (Registered number: 00531798)






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


Norman Hargreaves & Sons Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: K N Hargreaves
M A B Hargreaves





SECRETARY: M A B Hargreaves





REGISTERED OFFICE: Unit1 Wholesale Market
Jacobs Well Lane
Wakefield
WF1 3NX





REGISTERED NUMBER: 00531798 (England and Wales)





ACCOUNTANTS: Hope Agar
Chartered Accountants
24a Marsh Street
Rothwell
Leeds
LS26 0BB

Norman Hargreaves & Sons Limited (Registered number: 00531798)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,446 262
Investments 5 44,673 44,673
47,119 44,935

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 6 129,807 130,603
Cash at bank and in hand 2,384 4,759
133,191 136,362
CREDITORS
Amounts falling due within one year 7 208,319 215,282
NET CURRENT LIABILITIES (75,128 ) (78,920 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(28,009

)

(33,985

)

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings (38,009 ) (43,985 )
(28,009 ) (33,985 )

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.

Norman Hargreaves & Sons Limited (Registered number: 00531798)

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 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 22 January 2025 and were signed on its behalf by:




M A B Hargreaves - Director



K N Hargreaves - Director


Norman Hargreaves & Sons Limited (Registered number: 00531798)

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

1. STATUTORY INFORMATION

Norman Hargreaves & Sons 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.

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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in associates
Investments in associate undertakings are recognised at cost.

Stocks
Stocks are 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 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.

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 3 (2023 - 3 ) .

Norman Hargreaves & Sons Limited (Registered number: 00531798)

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 20,325
Additions 3,000
At 30 April 2024 23,325
DEPRECIATION
At 1 May 2023 20,063
Charge for year 816
At 30 April 2024 20,879
NET BOOK VALUE
At 30 April 2024 2,446
At 30 April 2023 262

5. FIXED ASSET INVESTMENTS
Investments
£   
COST
At 1 May 2023
and 30 April 2024 44,673
NET BOOK VALUE
At 30 April 2024 44,673
At 30 April 2023 44,673

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 9,294 11,664
Amounts owed by group undertakings 116,480 113,480
VAT 1,033 293
Prepayments 3,000 5,166
129,807 130,603

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 4,863 15,240
Trade creditors 4,009 3,227
Amounts owed to group undertakings 77,177 77,177
Social security and other taxes 121 123
Directors' loan accounts 121,585 119,089
Accrued expenses 564 426
208,319 215,282