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REGISTERED NUMBER: 11725300 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 December 2024

for

HARES SERVICING AND REPAIRS LIMITED

HARES SERVICING AND REPAIRS LIMITED (REGISTERED NUMBER: 11725300)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HARES SERVICING AND REPAIRS LIMITED

Company Information
for the Year Ended 31 December 2024







DIRECTORS: N J Dray
Mrs J D Dray





REGISTERED OFFICE: 4 Sudley Road
Bognor Regis
West Sussex
PO21 1EU





REGISTERED NUMBER: 11725300 (England and Wales)





ACCOUNTANTS: Adams Beeny Limited
4 Sudley Road
Bognor Regis
West Sussex
PO21 1EU

HARES SERVICING AND REPAIRS LIMITED (REGISTERED NUMBER: 11725300)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 8,463 4,176

CURRENT ASSETS
Stocks 184,070 169,478
Debtors 5 9,386 32,411
Cash at bank and in hand 64,569 16,076
258,025 217,965
CREDITORS
Amounts falling due within one year 6 95,056 69,214
NET CURRENT ASSETS 162,969 148,751
TOTAL ASSETS LESS CURRENT
LIABILITIES

171,432

152,927

CREDITORS
Amounts falling due after more than one
year

7

54,167

64,167
NET ASSETS 117,265 88,760

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 117,165 88,660
SHAREHOLDERS' FUNDS 117,265 88,760

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

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

HARES SERVICING AND REPAIRS LIMITED (REGISTERED NUMBER: 11725300)

Balance Sheet - continued
31 December 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 by the Board of Directors and authorised for issue on 2 May 2025 and were signed on its behalf by:





N J Dray - Director


HARES SERVICING AND REPAIRS LIMITED (REGISTERED NUMBER: 11725300)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Hares Servicing and Repairs 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.

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 - at varying rates 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 year 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 15 ) .

HARES SERVICING AND REPAIRS LIMITED (REGISTERED NUMBER: 11725300)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 23,833
Additions 7,886
At 31 December 2024 31,719
DEPRECIATION
At 1 January 2024 19,657
Charge for year 3,599
At 31 December 2024 23,256
NET BOOK VALUE
At 31 December 2024 8,463
At 31 December 2023 4,176

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 4,383 23,571
Other debtors 5,003 8,840
9,386 32,411

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 52,260 38,927
Taxation and social security 39,026 26,584
Other creditors 3,770 3,703
95,056 69,214

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 14,167 24,167
Other creditors 40,000 40,000
54,167 64,167

HARES SERVICING AND REPAIRS LIMITED (REGISTERED NUMBER: 11725300)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
98 Ordinary A £1 98 98
2 Ordinary B £1 2 2
100 100

9. RESERVES
Retained
earnings
£   

At 1 January 2024 88,660
Profit for the year 68,505
Dividends (40,000 )
At 31 December 2024 117,165

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
N J Dray and Mrs J D Dray
Balance outstanding at start of year - (9,900 )
Amounts advanced - 9,900
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -