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Registration number: 04690081

Dirty Harry Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2025

image-name
 

Dirty Harry Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

Dirty Harry Limited

Company Information

Directors

Ms Tessa Barnett Pybus

Mr Thomas Oliver Stobart

Registered office

6 Sydney Street
Brighton
East Sussex
BN1 4EN

Accountants

Lucraft Hodgson & Dawes LLP Ground Floor
19 New Road
Brighton
East Sussex
BN1 1UF

 

Dirty Harry Limited

(Registration number: 04690081)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed Assets

 

Tangible Assets

4

10,165

13,557

Current assets

 

Stocks

5

8,250

8,500

Debtors

6

5,468

23,511

Cash at bank and in hand

 

3,845

12,687

 

17,563

44,698

Creditors: Amounts falling due within one year

7

(201,282)

(220,552)

Net current liabilities

 

(183,719)

(175,854)

Total assets less current liabilities

 

(173,554)

(162,297)

Creditors: Amounts falling due after more than one year

7

(32,978)

(51,497)

Net liabilities

 

(206,532)

(213,794)

Capital and Reserves

 

Called up share capital

100

100

Retained Earnings

(206,632)

(213,894)

Shareholders' deficit

 

(206,532)

(213,794)

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 April 2025 and signed on its behalf by:
 

.........................................
Ms Tessa Barnett Pybus
Director

.........................................
Mr Thomas Oliver Stobart
Director

 
     
 

Dirty Harry Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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:
6 Sydney Street
Brighton
East Sussex
BN1 4EN

These financial statements were authorised for issue by the Board on 28 April 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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

These accounts have been prepared on a going concern basis notwithstanding the company's net liability position at the balance sheet date. The directors are confident that with their continued support, the company can remain in operational existence for the foreseeable future.

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.

 

Dirty Harry Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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

Pland and machinery

25% Reducing balance

Motor vehicle

25% Reducing balance

Office equipment

33% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade Debtors

Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

 

Dirty Harry Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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 in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

 

Dirty Harry Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 3).

 

Dirty Harry Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Tangible Assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2024

26,309

41,692

27,680

95,681

At 31 March 2025

26,309

41,692

27,680

95,681

Depreciation

At 1 April 2024

23,750

31,798

26,576

82,124

Charge for the year

641

2,474

277

3,392

At 31 March 2025

24,391

34,272

26,853

85,516

Carrying amount

At 31 March 2025

1,918

7,420

827

10,165

At 31 March 2024

2,559

9,894

1,104

13,557

5

Stocks

2025
£

2024
£

Finished goods and goods for resale

8,250

8,500

6

Debtors

Current

2025
£

2024
£

Trade Debtors

517

-

Prepayments

4,951

14,611

Other debtors

-

8,900

 

5,468

23,511

 

Dirty Harry Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

8

56,759

70,982

Trade Creditors

 

4,952

10,061

Taxation and social security

 

2,778

2,797

Accruals and deferred income

 

1,850

1,730

Other creditors

 

134,943

134,982

 

201,282

220,552

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

8

32,978

51,497

8

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

30,877

41,427

Hire purchase contracts

2,101

10,070

32,978

51,497

Current loans and borrowings

2025
£

2024
£

Bank borrowings

5,371

5,191

Hire purchase contracts

5,217

5,217

Other borrowings

46,171

60,574

56,759

70,982