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REGISTERED NUMBER: 10180953 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 May 2024

for

Works of Hart Limited

Works of Hart Limited (Registered number: 10180953)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Works of Hart Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: S Hart
J J Hart





REGISTERED OFFICE: Swift House, Ground Floor
18 Hoffmanns Way
Chelmsford
Essex
CM1 1GU





REGISTERED NUMBER: 10180953 (England and Wales)





ACCOUNTANTS: Affinia
Swift House, Ground Floor
18 Hoffmanns Way
Chelmsford
Essex
CM1 1GU

Works of Hart Limited (Registered number: 10180953)

Balance Sheet
31 May 2024

31.5.23 31.5.24
£    £    Notes £    £   
FIXED ASSETS
20,058 Tangible assets 4 19,568

CURRENT ASSETS
2,500 Stocks 2,500
74,926 Debtors 5 107,166
39,541 Cash at bank 15,658
116,967 125,324
CREDITORS
57,111 Amounts falling due within one year 6 58,313
59,856 NET CURRENT ASSETS 67,011
79,914 TOTAL ASSETS LESS CURRENT
LIABILITIES

86,579

CREDITORS
(27,863 ) Amounts falling due after more than one
year

7

(17,869

)

(2,882 ) PROVISIONS FOR LIABILITIES (1,917 )
49,169 NET ASSETS 66,793

CAPITAL AND RESERVES
2 Called up share capital 2
49,167 Retained earnings 66,791
49,169 SHAREHOLDERS' FUNDS 66,793

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

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 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.

Works of Hart Limited (Registered number: 10180953)

Balance Sheet - continued
31 May 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 Board of Directors and authorised for issue on 21 February 2025 and were signed on its behalf by:





J J Hart - Director


Works of Hart Limited (Registered number: 10180953)

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

1. STATUTORY INFORMATION

Works of Hart 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, 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.
Plant and machinery etc - 33% on cost and 25% on reducing balance

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Works of Hart Limited (Registered number: 10180953)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 90,845
Additions 7,677
Disposals (1,950 )
At 31 May 2024 96,572
DEPRECIATION
At 1 June 2023 70,787
Charge for year 6,948
Eliminated on disposal (731 )
At 31 May 2024 77,004
NET BOOK VALUE
At 31 May 2024 19,568
At 31 May 2023 20,058

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 105,966 73,726
Other debtors 1,200 1,200
107,166 74,926

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 10,648 10,648
Hire purchase contracts 1,257 -
Trade creditors (1 ) 5,251
Taxation and social security 43,030 34,423
Other creditors 3,379 6,789
58,313 57,111

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 17,869 27,863

8. POST BALANCE SHEET EVENTS

There were no post balance sheet events that require being brought to the attention of the shareholders or creditors.