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Harlequin Design and Build Limited
Registered Number:06599882
For the year ended 31 May 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 May 2024
Harlequin Design and Build Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
06599882
As at 31 May 2024
Harlequin Design and Build Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
461,314
366,294
461,314
366,294
Current assets
Inventories
8,491
8,067
2
Trade and other receivables
67,076
63,699
3
16,163
Cash and cash equivalents
20,046
91,812
91,730
Trade and other payables: amounts falling due within one year
(191,313)
(213,436)
4
(99,583)
(121,624)
Net current liabilities
Total assets less current liabilities
339,690
266,711
Trade and other payables: amounts falling due after more than
one year
(263,769)
(268,067)
5
71,623
Net assets
2,942
Capital and reserves
Called up share capital
200
200
Fair value reserve
200,700
125,700
Retained earnings
(129,277)
(122,958)
71,623
2,942
Shareholders' funds
For the year ended 31 May 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 of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr N Burdett Director
Mr D Down Director
These financial statements were approved and authorised for issue by the Board on 04 February 2025 and were signed by:
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4
Registered Number :
06599882
For the year ended 31 May 2024
Harlequin Design and Build Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 May 2024
Harlequin Design and Build Limited
Notes to the Financial Statements
Statutory Information
Harlequin Design and Build Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
06599882.
Principal place of business:
Unit 10B, Regis Ind Estate
Dorset Road
Sheerness
Kent
ME12 1LY
Registered address:
3 Conqueror Court
Sittingbourne
Kent
ME10 5BH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
0%
Plant and machinery
25% Reducing balance
25% Reducing balance
Computer equipment
20% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures and fittings
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected useful lives are
sufficiently long and the estimated residual values are sufficiently high that any such depreciation would be immaterial. The directors
undertake an annual impairment review of these properties.
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Secured bank loans
The mortgage held by the company is secured by a fixed and floating charge over the freehold property.
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6
For the year ended 31 May 2024
Harlequin Design and Build Limited
Notes to the Financial Statements Continued
2. Inventories
2023
2024
£
£
Stocks
8,067
8,491
3. Trade and other receivables
2023
2024
£
£
Trade debtors
42,404
59,928
Other debtors
21,295
7,148
67,076
63,699
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft (secured)
18,191
17,736
Bank loans and overdraft
67,015
41,477
Trade creditors
57,452
48,417
Taxation and social security
34,298
28,145
Other creditors
36,480
55,538
213,436
191,313
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
63,436
62,525
Bank loans and overdraft (secured)
129,574
135,015
Other creditors
75,057
66,229
268,067
263,769
6. Average number of persons employed
During the year the average number of employees was 6 (2023 : 6)
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