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REGISTERED NUMBER: 07483339 (England and Wales)
















Financial Statements

for the Year Ended 31 March 2025

for

Harbour Key Limited

Harbour Key Limited (Registered number: 07483339)

Contents of the Financial Statements
for the Year Ended 31 March 2025










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Harbour Key Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: P J Mitchell
H M Hannis





SECRETARY: P J Mitchell





REGISTERED OFFICE: Midway House, Staverton Technology Park,
Herrick Way
Staverton
Cheltenham
Gloucestershire
GL51 6TQ





REGISTERED NUMBER: 07483339 (England and Wales)





ACCOUNTANTS: Xeinadin South Wales & West Limited
701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT

Harbour Key Limited

Report of the Accountants to the Directors of
Harbour Key Limited


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 and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements and state those matters that we have agreed to state to the Board of Directors, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the Company 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. You consider that the Company 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 the Company. 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.






Xeinadin South Wales & West Limited


28 May 2025

Harbour Key Limited (Registered number: 07483339)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 107,032 118,924
Tangible assets 5 6,964 6,214
113,996 125,138

CURRENT ASSETS
Stocks 79,502 48,264
Debtors 6 164,015 187,118
Cash at bank 301,461 266,494
544,978 501,876
CREDITORS
Amounts falling due within one year 7 122,395 144,300
NET CURRENT ASSETS 422,583 357,576
TOTAL ASSETS LESS CURRENT LIABILITIES 536,579 482,714

CREDITORS
Amounts falling due after more than one
year

8

-

(16,542

)

PROVISIONS FOR LIABILITIES (1,741 ) (1,554 )
NET ASSETS 534,838 464,618

CAPITAL AND RESERVES
Called up share capital 160,000 160,000
Capital redemption reserve 80,040 80,040
Retained earnings 294,798 224,578
SHAREHOLDERS' FUNDS 534,838 464,618

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Harbour Key Limited (Registered number: 07483339)

Balance Sheet - continued
31 March 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2025 and were signed on its behalf by:





H M Hannis - Director


Harbour Key Limited (Registered number: 07483339)

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


1. STATUTORY INFORMATION

Harbour Key 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 2014, is being amortised evenly over its estimated useful life of twenty 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.
Computer equipment - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Harbour Key Limited (Registered number: 07483339)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 237,848
AMORTISATION
At 1 April 2024 118,924
Charge for year 11,892
At 31 March 2025 130,816
NET BOOK VALUE
At 31 March 2025 107,032
At 31 March 2024 118,924

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024 16,011
Additions 5,050
At 31 March 2025 21,061
DEPRECIATION
At 1 April 2024 9,797
Charge for year 4,300
At 31 March 2025 14,097
NET BOOK VALUE
At 31 March 2025 6,964
At 31 March 2024 6,214

Harbour Key Limited (Registered number: 07483339)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 140,587 139,869
Other debtors 23,428 47,249
164,015 187,118

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts - 9,925
Trade creditors 11,311 11,015
Taxation and social security 108,942 121,237
Other creditors 2,142 2,123
122,395 144,300

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans - 16,542

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The director's loan balance of £17,365 owed by Mrs H Hannis has been repaid within 9 months of the year end.