11 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2024 - FRS102_2024 170,000 170,000 5 5 5 xbrli:pure xbrli:shares iso4217:GBP 03554274 2023-05-01 2024-04-30 03554274 2024-04-30 03554274 2023-04-30 03554274 2022-05-01 2023-04-30 03554274 2023-04-30 03554274 2022-04-30 03554274 core:LandBuildings core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03554274 core:FurnitureFittings 2023-05-01 2024-04-30 03554274 core:MotorVehicles 2023-05-01 2024-04-30 03554274 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 03554274 bus:OrdinaryShareClass2 2023-05-01 2024-04-30 03554274 bus:Director1 2023-05-01 2024-04-30 03554274 bus:Director3 2023-05-01 2024-04-30 03554274 core:NetGoodwill 2024-04-30 03554274 core:LandBuildings 2023-04-30 03554274 core:FurnitureFittings 2023-04-30 03554274 core:MotorVehicles 2023-04-30 03554274 core:LandBuildings 2024-04-30 03554274 core:FurnitureFittings 2024-04-30 03554274 core:MotorVehicles 2024-04-30 03554274 core:WithinOneYear 2024-04-30 03554274 core:WithinOneYear 2023-04-30 03554274 core:ShareCapital 2024-04-30 03554274 core:ShareCapital 2023-04-30 03554274 core:RetainedEarningsAccumulatedLosses 2024-04-30 03554274 core:RetainedEarningsAccumulatedLosses 2023-04-30 03554274 core:LandBuildings 2023-05-01 2024-04-30 03554274 core:CostValuation core:Non-currentFinancialInstruments 2024-04-30 03554274 core:Non-currentFinancialInstruments 2024-04-30 03554274 core:Non-currentFinancialInstruments 2023-04-30 03554274 core:LandBuildings 2023-04-30 03554274 core:FurnitureFittings 2023-04-30 03554274 core:MotorVehicles 2023-04-30 03554274 bus:Director3 2023-04-30 03554274 bus:Director3 2024-04-30 03554274 bus:Director3 2022-04-30 03554274 bus:Director3 2023-04-30 03554274 bus:Director3 2022-05-01 2023-04-30 03554274 bus:SmallEntities 2023-05-01 2024-04-30 03554274 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 03554274 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 03554274 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03554274 bus:FullAccounts 2023-05-01 2024-04-30 03554274 bus:OrdinaryShareClass1 2024-04-30 03554274 bus:OrdinaryShareClass1 2023-04-30 03554274 bus:OrdinaryShareClass2 2024-04-30 03554274 bus:OrdinaryShareClass2 2023-04-30 03554274 bus:AllOrdinaryShares 2024-04-30 03554274 bus:AllOrdinaryShares 2023-04-30 03554274 core:NetGoodwill 2023-05-01 2024-04-30
COMPANY REGISTRATION NUMBER: 03554274
HARSHAD LIMITED
Filleted Unaudited Financial Statements
For the year ended
30 April 2024
HARSHAD LIMITED
Financial Statements
Year ended 30 April 2024
Contents
Pages
Statement of financial position
1 to 2
Notes to the financial statements
3 to 8
HARSHAD LIMITED
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
6
160,246
175,759
Investments
7
5
5
---------
---------
160,251
175,764
Current assets
Stocks
48,919
62,267
Debtors
8
683,972
408,811
Cash at bank and in hand
845,403
1,116,777
------------
------------
1,578,294
1,587,855
Creditors: amounts falling due within one year
9
( 209,225)
( 183,632)
------------
------------
Net current assets
1,369,069
1,404,223
------------
------------
Total assets less current liabilities
1,529,320
1,579,987
Provisions
Taxation including deferred tax
( 16,056)
( 19,759)
------------
------------
Net assets
1,513,264
1,560,228
------------
------------
Capital and reserves
Called up share capital
10
2,000
2,000
Profit and loss account
1,511,264
1,558,228
------------
------------
Shareholders funds
1,513,264
1,560,228
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
HARSHAD LIMITED
Statement of Financial Position (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 23 January 2025 , and are signed on behalf of the board by:
K M Pankhania
Director
Company registration number: 03554274
HARSHAD LIMITED
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Tall Pines, London Road, Sunningdale, Ascot, Berkshire, SL5 9RZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in UK sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.
Trade receivables
Trade receivable do not carry any interest and are stated at their original invoice value as reduced by appropriate allowances for estimated irrecoverable amounts.
Trade payables
Trade payables do not carry any interest and are stated at their original invoice value.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income. In this case, tax is recognised in other comprehensive income. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
20 Years
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold Property
-
2% straight line
Fixtures, Fittings & Equipment
-
25% straight line
Motor Vehicles
-
10% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 11 (2023: 9 ).
5. Intangible assets
Goodwill
£
Cost
At 1 May 2023 and 30 April 2024
170,000
---------
Amortisation
At 1 May 2023 and 30 April 2024
170,000
---------
Carrying amount
At 30 April 2024
---------
At 30 April 2023
---------
6. Tangible assets
Land and buildings
Fixtures, fittings and equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 May 2023 and 30 April 2024
182,778
48,135
154,264
385,177
---------
--------
---------
---------
Depreciation
At 1 May 2023
86,055
43,691
79,672
209,418
Charge for the year
3,655
2,932
8,926
15,513
---------
--------
---------
---------
At 30 April 2024
89,710
46,623
88,598
224,931
---------
--------
---------
---------
Carrying amount
At 30 April 2024
93,068
1,512
65,666
160,246
---------
--------
---------
---------
At 30 April 2023
96,723
4,444
74,592
175,759
---------
--------
---------
---------
7. Investments
Other investments other than loans
£
Cost
At 1 May 2023 and 30 April 2024
5
----
Impairment
At 1 May 2023 and 30 April 2024
----
Carrying amount
At 30 April 2024
5
----
At 30 April 2023
5
----
8. Debtors
2024
2023
£
£
Trade debtors
97,610
75,864
Other debtors
586,362
332,947
---------
---------
683,972
408,811
---------
---------
9. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
123,478
124,692
Social security and other taxes
52,794
37,136
Other creditors
32,953
21,804
---------
---------
209,225
183,632
---------
---------
10. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary Class A shares of £ 1 each
1,000
1,000
1,000
1,000
Ordinary Class B shares of £ 1 each
1,000
1,000
1,000
1,000
-------
-------
-------
-------
2,000
2,000
2,000
2,000
-------
-------
-------
-------
11. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Director .
56,345
34,193
( 1,982)
88,556
--------
--------
-------
--------
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Director .
60,357
6,127
( 10,139)
56,345
--------
-------
--------
--------
An Amount of £1,612 (2023 - £1,165) based on the official rate of interest on beneficial loan of 2.25% (2023 - 2% & 2.25%) was charged on the loan to the director.
12. Related party transactions
The company entered into the following related party transactions during the year:
Nature of Relationship Transaction Type 2024 2023
£ £
Other related party controlled by Directors Balance due to/(from) (445,000) (220,000)
Loan was provided interest free and is repayable on demand.