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REGISTERED NUMBER: 05875058 (England and Wales)
















Financial Statements for the Year Ended 31 July 2024

for

Harescombe Construction Limited

Harescombe Construction Limited (Registered number: 05875058)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Harescombe Construction Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: C C Ractliffe





REGISTERED OFFICE: Chandler and Partners
Britannia Court
5 Moor Street
Worcester
Worcestershire
WR1 3DB





REGISTERED NUMBER: 05875058 (England and Wales)





ACCOUNTANTS: Chandler and Partners Limited
5 Moor Street
Worcester
Worcestershire
WR1 3DB

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Harescombe Construction Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Harescombe Construction Limited for the year ended 31 July 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Harescombe Construction Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Harescombe Construction Limited and state those matters that we have agreed to state to the director of Harescombe Construction Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Harescombe Construction Limited and its director for our work or for this report.

It is your duty to ensure that Harescombe Construction Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Harescombe Construction Limited. You consider that Harescombe Construction Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Harescombe Construction Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Chandler and Partners Limited
5 Moor Street
Worcester
Worcestershire
WR1 3DB


Date: .............................................

Harescombe Construction Limited (Registered number: 05875058)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 141,613 226,607
141,613 226,607

CURRENT ASSETS
Inventories 1,043,917 1,043,917
Debtors 6 688,757 577,107
Cash at bank 10,979 13,025
1,743,653 1,634,049
CREDITORS
Amounts falling due within one year 7 (853,990 ) (801,963 )
NET CURRENT ASSETS 889,663 832,086
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,031,276

1,058,693

CREDITORS
Amounts falling due after more than one
year

8

(883,623

)

(901,618

)

PROVISIONS FOR LIABILITIES (12,069 ) (17,535 )
NET ASSETS 135,584 139,540

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 135,484 139,440
SHAREHOLDERS' FUNDS 135,584 139,540

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Harescombe Construction Limited (Registered number: 05875058)

Balance Sheet - continued
31 July 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 approved by the director and authorised for issue on 19 February 2025 and were signed by:





C C Ractliffe - Director


Harescombe Construction Limited (Registered number: 05875058)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Harescombe Construction 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.
Plant and machinery - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

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.

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

Harescombe Construction Limited (Registered number: 05875058)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

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 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 65,000
AMORTISATION
At 1 August 2023
and 31 July 2024 65,000
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

5. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023 578,913 72,110 685 651,708
Additions 1,290 - - 1,290
Disposals (42,500 ) - - (42,500 )
At 31 July 2024 537,703 72,110 685 610,498
DEPRECIATION
At 1 August 2023 352,306 72,110 685 425,101
Charge for year 43,784 - - 43,784
At 31 July 2024 396,090 72,110 685 468,885
NET BOOK VALUE
At 31 July 2024 141,613 - - 141,613
At 31 July 2023 226,607 - - 226,607

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 688,716 576,000
Prepayments and accrued income 41 1,107
688,757 577,107

Harescombe Construction Limited (Registered number: 05875058)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts 13,868 13,868
Trade creditors 105,727 107,085
Amounts owed to associates 105,000 -
Social security and other taxes 3,262 1,855
VAT 17,894 3,306
Director's loan account 604,714 672,334
Accrued expenses 3,525 3,515
853,990 801,963

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Other loans - 2-5 years 444,848 456,761
Hire purchase contracts 13,775 19,857
Director's loan account 425,000 425,000
883,623 901,618