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REGISTERED NUMBER: 01377230 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 31 MARCH 2023 TO 29 MARCH 2024

FOR

HARESTOCK GARAGE LIMITED

HARESTOCK GARAGE LIMITED (REGISTERED NUMBER: 01377230)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Period 31 March 2023 to 29 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HARESTOCK GARAGE LIMITED

COMPANY INFORMATION
For The Period 31 March 2023 to 29 March 2024







DIRECTORS: G G Yates
Mrs J E Yates





REGISTERED OFFICE: 75 Bournemouth Road
Chandlers Ford
Eastleigh
Hampshire
SO53 3AP





REGISTERED NUMBER: 01377230 (England and Wales)





ACCOUNTANTS: Stone Osmond Limited
75 Bournemouth Road
Chandlers Ford
Eastleigh
Hampshire
SO53 3AP

HARESTOCK GARAGE LIMITED (REGISTERED NUMBER: 01377230)

BALANCE SHEET
29 March 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 16,274 14,399

CURRENT ASSETS
Stocks 54,278 56,882
Debtors 5 272,811 241,001
Cash at bank and in hand 56,302 39,511
383,391 337,394
CREDITORS
Amounts falling due within one year 6 200,752 149,811
NET CURRENT ASSETS 182,639 187,583
TOTAL ASSETS LESS CURRENT
LIABILITIES

198,913

201,982

CREDITORS
Amounts falling due after more than one
year

7

(13,093

)

(23,275

)

PROVISIONS FOR LIABILITIES (1,943 ) (1,334 )
NET ASSETS 183,877 177,373

CAPITAL AND RESERVES
Called up share capital 200 200
Capital redemption reserve 20,800 20,800
Retained earnings 162,877 156,373
SHAREHOLDERS' FUNDS 183,877 177,373

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 March 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.

HARESTOCK GARAGE LIMITED (REGISTERED NUMBER: 01377230)

BALANCE SHEET - continued
29 March 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 and authorised for issue by the Board of Directors and authorised for issue on 29 April 2025 and were signed on its behalf by:





G G Yates - Director


HARESTOCK GARAGE LIMITED (REGISTERED NUMBER: 01377230)

NOTES TO THE FINANCIAL STATEMENTS
For The Period 31 March 2023 to 29 March 2024

1. STATUTORY INFORMATION

Harestock Garage 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.

The Financial Statements have been prepared on the going concern basis on the basis that it will continue to receive the support of the Director and its bankers.

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 etc - 15% on 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 period 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 period 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.

HARESTOCK GARAGE LIMITED (REGISTERED NUMBER: 01377230)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 31 March 2023 to 29 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 12 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 March 2023 254,314
Additions 7,823
At 29 March 2024 262,137
DEPRECIATION
At 31 March 2023 239,915
Charge for period 5,948
At 29 March 2024 245,863
NET BOOK VALUE
At 29 March 2024 16,274
At 30 March 2023 14,399

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 36,051 33,912
Other debtors 236,760 207,089
272,811 241,001

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,183 9,930
Trade creditors 39,853 26,745
Taxation and social security 139,387 88,417
Other creditors 11,329 24,719
200,752 149,811

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,093 23,275

HARESTOCK GARAGE LIMITED (REGISTERED NUMBER: 01377230)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 31 March 2023 to 29 March 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the periods ended 29 March 2024 and 30 March 2023:

2024 2023
£    £   
G G Yates
Balance outstanding at start of period 201,304 85,413
Amounts advanced 99,170 125,891
Amounts repaid (80,000 ) (10,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 220,474 201,304

The loan is interest free and repayable upon demand.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G G Yates.