IRIS Accounts Production v24.3.2.46 08381314 Board of Directors Board of Directors 1.7.23 30.6.24 30.6.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh083813142023-06-30083813142024-06-30083813142023-07-012024-06-30083813142022-06-30083813142022-07-012023-06-30083813142023-06-3008381314ns15:EnglandWales2023-07-012024-06-3008381314ns14:PoundSterling2023-07-012024-06-3008381314ns10:Director12023-07-012024-06-3008381314ns10:Director22023-07-012024-06-3008381314ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3008381314ns10:SmallEntities2023-07-012024-06-3008381314ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3008381314ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3008381314ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3008381314ns10:FullAccounts2023-07-012024-06-300838131412023-07-012024-06-3008381314ns10:RegisteredOffice2023-07-012024-06-3008381314ns5:CurrentFinancialInstruments2024-06-3008381314ns5:CurrentFinancialInstruments2023-06-3008381314ns5:Non-currentFinancialInstruments2024-06-3008381314ns5:Non-currentFinancialInstruments2023-06-3008381314ns5:ShareCapital2024-06-3008381314ns5:ShareCapital2023-06-3008381314ns5:RetainedEarningsAccumulatedLosses2024-06-3008381314ns5:RetainedEarningsAccumulatedLosses2023-06-3008381314ns5:NetGoodwill2023-07-012024-06-3008381314ns5:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3008381314ns5:MotorVehicles2023-07-012024-06-3008381314ns5:ComputerEquipment2023-07-012024-06-3008381314ns5:NetGoodwill2023-06-3008381314ns5:NetGoodwill2024-06-3008381314ns5:NetGoodwill2023-06-3008381314ns5:MotorVehicles2023-06-3008381314ns5:ComputerEquipment2023-06-3008381314ns5:MotorVehicles2024-06-3008381314ns5:ComputerEquipment2024-06-3008381314ns5:MotorVehicles2023-06-3008381314ns5:ComputerEquipment2023-06-3008381314ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3008381314ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3008381314ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-06-3008381314ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-06-30
REGISTERED NUMBER: 08381314 (England and Wales)




















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

HARROD'S MOTOR COMPONENTS LIMITED

HARROD'S MOTOR COMPONENTS LIMITED (REGISTERED NUMBER: 08381314)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HARROD'S MOTOR COMPONENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr J Harrod
Mr M Harrod





REGISTERED OFFICE: 26 Berrycroft Lane
Romiley
Stockport
Cheshire
SK6 3AU





REGISTERED NUMBER: 08381314 (England and Wales)





ACCOUNTANTS: Anthony Wych & Co
26 Berrycroft Lane
Romiley
Stockport
Cheshire
SK6 3AU

HARROD'S MOTOR COMPONENTS LIMITED (REGISTERED NUMBER: 08381314)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 22,500 25,000
Tangible assets 5 165,283 141,412
187,783 166,412

CURRENT ASSETS
Stocks 501,127 318,940
Debtors 6 587,204 556,481
Cash at bank and in hand 51,293 97,679
1,139,624 973,100
CREDITORS
Amounts falling due within one year 7 935,374 768,067
NET CURRENT ASSETS 204,250 205,033
TOTAL ASSETS LESS CURRENT
LIABILITIES

392,033

371,445

CREDITORS
Amounts falling due after more than one
year

8

76,459

82,659
NET ASSETS 315,574 288,786

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 315,474 288,686
SHAREHOLDERS' FUNDS 315,574 288,786

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

HARROD'S MOTOR COMPONENTS LIMITED (REGISTERED NUMBER: 08381314)

BALANCE SHEET - continued
30 JUNE 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 13 March 2025 and were signed on its behalf by:




Mr J Harrod - Director



Mr M Harrod - Director


HARROD'S MOTOR COMPONENTS LIMITED (REGISTERED NUMBER: 08381314)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Harrod's Motor Components 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of twenty five years.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 18 ) .

HARROD'S MOTOR COMPONENTS LIMITED (REGISTERED NUMBER: 08381314)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 50,000
AMORTISATION
At 1 July 2023 25,000
Amortisation for year 2,500
At 30 June 2024 27,500
NET BOOK VALUE
At 30 June 2024 22,500
At 30 June 2023 25,000

5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 82,871 158,208 241,079
Additions 12,275 41,188 53,463
Disposals (15,301 ) - (15,301 )
At 30 June 2024 79,845 199,396 279,241
DEPRECIATION
At 1 July 2023 42,276 57,391 99,667
Charge for year 10,775 14,527 25,302
Eliminated on disposal (11,011 ) - (11,011 )
At 30 June 2024 42,040 71,918 113,958
NET BOOK VALUE
At 30 June 2024 37,805 127,478 165,283
At 30 June 2023 40,595 100,817 141,412

HARROD'S MOTOR COMPONENTS LIMITED (REGISTERED NUMBER: 08381314)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 517,866 469,307
Other debtors 67,463 78,877
VAT - 8,297
Prepayments 1,875 -
587,204 556,481

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 17,000 17,000
Hire purchase contracts 5,802 7,740
Trade creditors 691,291 640,734
Corporation tax 45,019 45,538
Social security and other taxes 11,385 8,157
VAT 17,730 -
Other creditors 59,183 1,099
Directors' current accounts 84,121 33,055
Accruals and deferred income 3,843 14,744
935,374 768,067

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 72,028 73,071
Hire purchase contracts 4,431 9,588
76,459 82,659