Company registration number 06069953 (England and Wales)
HARWOOD PERFORMANCE SOURCE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
HARWOOD PERFORMANCE SOURCE LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
HARWOOD PERFORMANCE SOURCE LTD
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,386
1,729
Current assets
Stocks
161,959
141,661
Debtors
4
-
0
5,162
Cash at bank and in hand
129,210
146,897
291,169
293,720
Creditors: amounts falling due within one year
5
(97,506)
(70,361)
Net current assets
193,663
223,359
Total assets less current liabilities
195,049
225,088
Creditors: amounts falling due after more than one year
6
(7,295)
(17,616)
Net assets
187,754
207,472
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
187,654
207,372
Total equity
187,754
207,472
HARWOOD PERFORMANCE SOURCE LTD
BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2024
30 September 2024
- 2 -

For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 10 June 2025 and are signed on its behalf by:
Mr W P Harwood
Director
Company registration number 06069953 (England and Wales)
HARWOOD PERFORMANCE SOURCE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 3 -
1
Accounting policies
Company information

Harwood Performance Source Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Prospect House, 1 Prospect Place, Pride Park, Derby, DE24 8HG. The company registration number is 06069953.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents net invoiced sale of goods, excluding value added tax.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
20% on reducing balance
Computer equipment
33% on reducing balance
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

HARWOOD PERFORMANCE SOURCE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
4
4
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 and 30 September 2024
26,161
Depreciation and impairment
At 1 October 2023
24,432
Depreciation charged in the year
343
At 30 September 2024
24,775
Carrying amount
At 30 September 2024
1,386
At 30 September 2023
1,729
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
-
0
5,162
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
10,076
9,830
Trade creditors
69,108
29,830
Corporation tax
9,868
18,412
Other taxation and social security
5,363
10,989
Other creditors
3,091
1,300
97,506
70,361
HARWOOD PERFORMANCE SOURCE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 5 -
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
7,295
17,616
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