Haskell & Co. Limited 04477881 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is refrigeration engineering. Digita Accounts Production Advanced 6.30.9574.0 true 04477881 2023-04-01 2024-03-31 04477881 2024-03-31 04477881 core:RetainedEarningsAccumulatedLosses 2024-03-31 04477881 core:ShareCapital 2024-03-31 04477881 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 04477881 core:Goodwill 2024-03-31 04477881 core:FurnitureFittingsToolsEquipment 2024-03-31 04477881 core:MotorVehicles 2024-03-31 04477881 core:OtherPropertyPlantEquipment 2024-03-31 04477881 bus:SmallEntities 2023-04-01 2024-03-31 04477881 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04477881 bus:FilletedAccounts 2023-04-01 2024-03-31 04477881 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04477881 bus:RegisteredOffice 2023-04-01 2024-03-31 04477881 bus:Director1 2023-04-01 2024-03-31 04477881 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04477881 bus:Agent1 2023-04-01 2024-03-31 04477881 core:Goodwill 2023-04-01 2024-03-31 04477881 core:FurnitureFittings 2023-04-01 2024-03-31 04477881 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 04477881 core:MotorVehicles 2023-04-01 2024-03-31 04477881 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 04477881 core:PlantMachinery 2023-04-01 2024-03-31 04477881 countries:EnglandWales 2023-04-01 2024-03-31 04477881 2023-03-31 04477881 core:Goodwill 2023-03-31 04477881 core:FurnitureFittingsToolsEquipment 2023-03-31 04477881 core:MotorVehicles 2023-03-31 04477881 core:OtherPropertyPlantEquipment 2023-03-31 04477881 2022-04-01 2023-03-31 04477881 2023-03-31 04477881 core:RetainedEarningsAccumulatedLosses 2023-03-31 04477881 core:ShareCapital 2023-03-31 04477881 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 04477881 core:FurnitureFittingsToolsEquipment 2023-03-31 04477881 core:MotorVehicles 2023-03-31 04477881 core:OtherPropertyPlantEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 04477881

Haskell & Co. Limited

Unaudited Abridged Financial Statements

(Companies House version)

for the Year Ended 31 March 2024

 

Haskell & Co. Limited

Contents

Accountants' Report

1

Abridged Balance Sheet

2 to 3

Notes to the Abridged Financial Statements

4 to 8

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Haskell & Co. Limited
for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Haskell & Co. Limited for the year ended 31 March 2024 as set out on pages 2 to 8 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 at http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Haskell & Co. Limited, as a body, in accordance with the terms of our engagement letter dated 24 July 2023. Our work has been undertaken solely to prepare for your approval the accounts of Haskell & Co. Limited and state those matters that we have agreed to state to the Board of Directors of Haskell & Co. Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Haskell & Co. Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Haskell & Co. Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Haskell & Co. Limited. You consider that Haskell & Co. 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 accounts of Haskell & Co. 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 accounts.

......................................

Page Kirk LLP
Chartered Accountants
Sherwood House
7 Gregory Boulevard
Nottingham
NG7 6LB

14 March 2025

 

Haskell & Co. Limited

(Registration number: 04477881)
Abridged Balance Sheet as at 31 March 2024

Note

2024

2023

   

£

£

£

£

Fixed assets

   

 

Tangible assets

5

 

124,867

 

95,293

Current assets

   

 

Stocks

67,024

 

47,455

 

Debtors

163,886

 

214,839

 

Cash at bank and in hand

 

475,366

 

312,445

 

 

706,276

 

574,739

 

Creditors: Amounts falling due within one year

(327,343)

 

(238,805)

 

Net current assets

   

378,933

 

335,934

Total assets less current liabilities

   

503,800

 

431,227

Provisions for liabilities

 

(31,217)

 

(23,823)

Net assets

   

472,583

 

407,404

Capital and reserves

   

 

Called up share capital

1,000

 

1,000

 

Profit and loss account

471,583

 

406,404

 

Total equity

   

472,583

 

407,404

 

Haskell & Co. Limited

(Registration number: 04477881)
Abridged Balance Sheet as at 31 March 2024

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 14 March 2025
 

.........................................
Mr G V Haskell
Director

 

Haskell & Co. Limited

Notes to the Abridged Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Sherwood House
7 Gregory Boulevard
Nottingham
NG7 6LB

These financial statements were authorised for issue by the director on 14 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Basis of preparation of financial statements

These financial statements were prepared under the historical cost convention in accordance with applicable United Kingdom accounting standards, including the Financial Reporting Standard 102 ('FRS 102') Section 1A small entities, and with the Companies Act 2006.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Haskell & Co. Limited

Notes to the Abridged Financial Statements for the Year Ended 31 March 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings & equipment

15% reducing balance

Plant & machinery

15% reducing balance & 25% straight line

Motor vehicles

25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Haskell & Co. Limited

Notes to the Abridged Financial Statements for the Year Ended 31 March 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Haskell & Co. Limited

Notes to the Abridged Financial Statements for the Year Ended 31 March 2024

3

Staff numbers

During the year, the average number of employees at the company was 16 (2023 - 15).

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2023

96,021

96,021

At 31 March 2024

96,021

96,021

Amortisation

At 1 April 2023

96,021

96,021

At 31 March 2024

96,021

96,021

Carrying amount

At 31 March 2024

-

-

5

Tangible assets

Furniture, fittings & equipment
 £

Motor vehicles
 £

Plant & machinery
 £

Total
£

Cost or valuation

At 1 April 2023

36,489

108,612

145,298

290,399

Additions

1,601

26,160

27,228

54,989

At 31 March 2024

38,090

134,772

172,526

345,388

Depreciation

At 1 April 2023

29,557

89,730

75,819

195,106

Charge for the year

1,325

10,715

13,375

25,415

At 31 March 2024

30,882

100,445

89,194

220,521

Carrying amount

At 31 March 2024

7,208

34,327

83,332

124,867

At 31 March 2023

6,932

18,882

69,479

95,293

 

Haskell & Co. Limited

Notes to the Abridged Financial Statements for the Year Ended 31 March 2024

6

Obligations under leases and hire purchase contracts

Operating leases

At 31 March 2024 the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £73,092 (2023 - £8,634).