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REGISTERED NUMBER: 11010260 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 October 2024

for

HARMAX REFRIGERATION SERVICES LTD

HARMAX REFRIGERATION SERVICES LTD (REGISTERED NUMBER: 11010260)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

HARMAX REFRIGERATION SERVICES LTD

Company Information
for the Year Ended 31 October 2024







DIRECTORS: A L Croston
Mrs S J Croston





SECRETARY: Mrs S J Croston





REGISTERED OFFICE: Telegraph House
59 Wolverhampton Road
Stafford
Staffordshire
ST17 4AW





REGISTERED NUMBER: 11010260 (England and Wales)





ACCOUNTANTS: CHEADLES
Chartered Accountants
Telegraph House
59 Wolverhampton Road
Stafford
Staffordshire
ST17 4AW

HARMAX REFRIGERATION SERVICES LTD (REGISTERED NUMBER: 11010260)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,384 18,139
Investments 5 100 100
34,484 18,239

CURRENT ASSETS
Stocks 18,000 14,000
Debtors 6 103,612 76,828
Cash at bank 27,640 10,015
149,252 100,843
CREDITORS
Amounts falling due within one year 7 100,782 53,876
NET CURRENT ASSETS 48,470 46,967
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,954

65,206

CREDITORS
Amounts falling due after more than one year 8 (9,365 ) (8,161 )

PROVISIONS FOR LIABILITIES (7,540 ) (3,446 )
NET ASSETS 66,049 53,599

CAPITAL AND RESERVES
Called up share capital 200 100
Retained earnings 65,849 53,499
SHAREHOLDERS' FUNDS 66,049 53,599

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 26 February 2025 and were signed on its behalf by:



A L Croston - Director


HARMAX REFRIGERATION SERVICES LTD (REGISTERED NUMBER: 11010260)

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


1. STATUTORY INFORMATION

Harmax Refrigeration Services Ltd 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.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements, estimates and assumptions that affect the amounts reported for the assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year.

Stock Provision
The directors review stock held at the balance sheet date to ensure that only those goods deemed fit for future sales are included.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance and 15% on reducing balance
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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.

HARMAX REFRIGERATION SERVICES LTD (REGISTERED NUMBER: 11010260)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 4,400 19,715 2,440 26,555
Additions 4,058 15,500 1,298 20,856
At 31 October 2024 8,458 35,215 3,738 47,411
DEPRECIATION
At 1 November 2023 1,121 6,525 770 8,416
Charge for year 783 3,380 448 4,611
At 31 October 2024 1,904 9,905 1,218 13,027
NET BOOK VALUE
At 31 October 2024 6,554 25,310 2,520 34,384
At 31 October 2023 3,279 13,190 1,670 18,139

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2023
and 31 October 2024 100
NET BOOK VALUE
At 31 October 2024 100
At 31 October 2023 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 75,362 19,868
Amounts owed by group undertakings 27,824 54,014
Other debtors 426 2,946
103,612 76,828

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 20,080 10,747
Trade creditors 13,454 4,872
Taxation and social security 25,094 4,310
Other creditors 42,154 33,947
100,782 53,876

HARMAX REFRIGERATION SERVICES LTD (REGISTERED NUMBER: 11010260)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans 9,365 8,161

9. ULTIMATE CONTROLLING PARTY

The Company is under the control of the director who owns 100% of the issued share capital.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Harmax Refrigeration Services Ltd


The following reproduces the text of the report prepared for the directors 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 Directors 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 Harmax Refrigeration Services Ltd for the year ended 31 October 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Board of Directors of Harmax Refrigeration Services Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Harmax Refrigeration Services Ltd and state those matters that we have agreed to state to the Board of Directors of Harmax Refrigeration Services Ltd, as a body, 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 Harmax Refrigeration Services Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Harmax Refrigeration Services Ltd 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 profit of Harmax Refrigeration Services Ltd. You consider that Harmax Refrigeration Services Ltd 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 Harmax Refrigeration Services Ltd. 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.






CHEADLES
Chartered Accountants
Telegraph House
59 Wolverhampton Road
Stafford
Staffordshire
ST17 4AW


26 February 2025