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REGISTERED NUMBER: 02648740 (England and Wales)















Financial Statements for the Year Ended 30 September 2024

for

Harding Motor Company Limited

Harding Motor Company Limited (Registered number: 02648740)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Harding Motor Company Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: Mr S B Harding





SECRETARY: Mr C A Harding





REGISTERED OFFICE: 1 Mortimer Street
Birkenhead
Merseyside
CH41 5EU





REGISTERED NUMBER: 02648740 (England and Wales)





ACCOUNTANTS: Lerman Quaile
1 Mortimer Street
Birkenhead
Merseyside
CH41 5EU

Harding Motor Company Limited (Registered number: 02648740)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,277 13,366

CURRENT ASSETS
Stocks 533,320 493,279
Debtors 5 26,587 21,770
Cash at bank and in hand 315,814 349,525
875,721 864,574
CREDITORS
Amounts falling due within one year 6 143,930 155,670
NET CURRENT ASSETS 731,791 708,904
TOTAL ASSETS LESS CURRENT
LIABILITIES

743,068

722,270

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 742,968 722,170
SHAREHOLDERS' FUNDS 743,068 722,270

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 director acknowledges his 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.

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 director and authorised for issue on 23 June 2025 and were signed by:





Mr S B Harding - Director


Harding Motor Company Limited (Registered number: 02648740)

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

1. STATUTORY INFORMATION

Harding Motor Company 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 - 25% on reducing balance and 15% on reducing balance

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.

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 9 (2023 - 9 ) .

Harding Motor Company Limited (Registered number: 02648740)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 October 2023
and 30 September 2024 62,162 38,043 7,734 107,939
DEPRECIATION
At 1 October 2023 53,703 33,235 7,635 94,573
Charge for year 1,269 721 99 2,089
At 30 September 2024 54,972 33,956 7,734 96,662
NET BOOK VALUE
At 30 September 2024 7,190 4,087 - 11,277
At 30 September 2023 8,459 4,808 99 13,366

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 12,158 7,418
Other debtors 14,429 14,352
26,587 21,770

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 36,417 55,417
Trade creditors 49,674 11,731
Taxation and social security 29,810 41,492
Other creditors 28,029 47,030
143,930 155,670

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The company rents premises from the director and company secretary under an informal lease. The rent paid in the year was £25,000 (2023 £25,000).

8. RELATED PARTY DISCLOSURES

S Harding is a director of Scooters Direct Limited a dormant company. At the balance sheet date the company owed £355 (2023 £355) to Scooters Direct Ltd by way of a loan.