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REGISTERED NUMBER: 04827190 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

M. H. Hart & Son Limited

M. H. Hart & Son Limited (Registered number: 04827190)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M. H. Hart & Son Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: P M Hart
Mrs C M Hart





SECRETARY: Mrs C M Hart





REGISTERED OFFICE: Hycroft
Florence Road
Kelly Bray
Callington
Cornwall
PL17 8EG





REGISTERED NUMBER: 04827190 (England and Wales)





ACCOUNTANTS: Philip Coad Accountancy
Daromaba House
Clemo Road
Liskeard
Cornwall
PL14 3XA

M. H. Hart & Son Limited (Registered number: 04827190)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,937,136 1,718,561

CURRENT ASSETS
Stocks 60,628 74,079
Debtors 5 158,398 114,650
Cash at bank 719,394 751,831
938,420 940,560
CREDITORS
Amounts falling due within one year 6 142,339 149,443
NET CURRENT ASSETS 796,081 791,117
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,733,217

2,509,678

PROVISIONS FOR LIABILITIES 34,978 38,828
NET ASSETS 2,698,239 2,470,850

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,698,139 2,470,750
2,698,239 2,470,850

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

M. H. Hart & Son Limited (Registered number: 04827190)

Balance Sheet - continued
30 September 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 30 May 2025 and were signed on its behalf by:





P M Hart - Director


M. H. Hart & Son Limited (Registered number: 04827190)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

M. H. Hart & Son 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 - 15% on reducing balance and 10% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

M. H. Hart & Son Limited (Registered number: 04827190)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 1,513,497 500,142 2,013,639
Additions 238,969 124 239,093
At 30 September 2024 1,752,466 500,266 2,252,732
DEPRECIATION
At 1 October 2023 - 295,078 295,078
Charge for year - 20,518 20,518
At 30 September 2024 - 315,596 315,596
NET BOOK VALUE
At 30 September 2024 1,752,466 184,670 1,937,136
At 30 September 2023 1,513,497 205,064 1,718,561

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 148,198 110,569
Other debtors 10,200 4,081
158,398 114,650

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 22,538 48,263
Taxation and social security 116,807 98,245
Other creditors 2,994 2,935
142,339 149,443