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REGISTERED NUMBER: 00907475 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Hartdale Motors Limited

Hartdale Motors Limited (Registered number: 00907475)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Hartdale Motors Limited (Registered number: 00907475)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 89,904 89,982

CURRENT ASSETS
Stocks 10,120 11,982
Debtors 5 47,705 42,102
Investments 6 11,501 11,501
Cash at bank 103,633 94,388
172,959 159,973
CREDITORS
Amounts falling due within one year 7 149,856 151,222
NET CURRENT ASSETS 23,103 8,751
TOTAL ASSETS LESS CURRENT LIABILITIES 113,007 98,733

CREDITORS
Amounts falling due after more than one year 8 (19,773 ) (29,167 )

PROVISIONS FOR LIABILITIES (1,172 ) (1,292 )
NET ASSETS 92,062 68,274

CAPITAL AND RESERVES
Called up share capital 6,250 6,250
Capital redemption reserve 2,500 2,500
Retained earnings 83,312 59,524
SHAREHOLDERS' FUNDS 92,062 68,274

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.

Hartdale Motors Limited (Registered number: 00907475)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by:





Mr T S Mollatt - Director


Hartdale Motors Limited (Registered number: 00907475)

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

1. STATUTORY INFORMATION

Hartdale Motors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00907475

Registered office: Market Place
Hartington
Buxton
Derbyshire
SK17 0AL

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.

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - NIL % per annum
Improvements to property - 15% on reducing balance
Plant and machinery - at variable rates on reducing balance
Motor vehicles - 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 Profit and Loss Account, 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.

Hartdale Motors Limited (Registered number: 00907475)

Notes to the Financial Statements - continued
for the Year Ended 31 May 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 6 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and Motor
property property machinery vehicles Totals
£    £    £    £    £   
COST
At 1 June 2023 83,910 3,915 45,398 21,610 154,833
Additions - - 1,650 - 1,650
At 31 May 2024 83,910 3,915 47,048 21,610 156,483
DEPRECIATION
At 1 June 2023 - 3,010 43,160 18,681 64,851
Charge for year - 136 859 733 1,728
At 31 May 2024 - 3,146 44,019 19,414 66,579
NET BOOK VALUE
At 31 May 2024 83,910 769 3,029 2,196 89,904
At 31 May 2023 83,910 905 2,238 2,929 89,982

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 46,705 41,236
Other debtors 1,000 866
47,705 42,102

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Prudential Investment 11,501 11,501

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,021 10,000
Trade creditors 43,511 41,963
Taxation and social security 30,043 24,045
Other creditors 66,281 75,214
149,856 151,222

Hartdale Motors Limited (Registered number: 00907475)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 19,773 29,167