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REGISTERED NUMBER: 07550371 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Harding Sales Ltd

Harding Sales Ltd (Registered number: 07550371)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Harding Sales Ltd (Registered number: 07550371)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 37,880 44,240
Tangible assets 5 307,396 169,608
345,276 213,848

CURRENT ASSETS
Stock and work in progress 327,244 275,733
Debtors 6 203,687 104,596
Cash at bank and in hand 1,709 22,139
532,640 402,468
CREDITORS
Amounts falling due within one year 7 632,940 482,081
NET CURRENT LIABILITIES (100,300 ) (79,613 )
TOTAL ASSETS LESS CURRENT LIABILITIES 244,976 134,235

CREDITORS
Amounts falling due after more than one year 8 (20,926 ) (38,053 )

PROVISIONS FOR LIABILITIES (37,410 ) (42,402 )
NET ASSETS 186,640 53,780

CAPITAL AND RESERVES
Called up share capital 105 105
Non-distributable reserves 10 - 907
Revaluation reserve 157,757 -
Retained earnings 28,778 52,768
SHAREHOLDERS' FUNDS 186,640 53,780

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.

Harding Sales Ltd (Registered number: 07550371)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2025 and were signed on its behalf by:





Mr R L Harding - Director


Harding Sales Ltd (Registered number: 07550371)

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

1. STATUTORY INFORMATION

Harding Sales Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07550371

Registered office: Peak Building
Eccles Road
Chapel en le Frith
High Peak
Derbyshire
SK23 9RG

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 20% on cost
Plant and machinery - 10% - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 10% on cost
Patterns - 10% on cost

Stocks
Stock 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Harding Sales Ltd (Registered number: 07550371)

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

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 19 (2023 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 127,200
AMORTISATION
At 1 January 2024 82,960
Amortisation for year 6,360
At 31 December 2024 89,320
NET BOOK VALUE
At 31 December 2024 37,880
At 31 December 2023 44,240

Harding Sales Ltd (Registered number: 07550371)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST OR VALUATION
At 1 January 2024 83,272 327,066 61,968
Additions - 1,583 7,437
Revaluations - - -
At 31 December 2024 83,272 328,649 69,405
DEPRECIATION
At 1 January 2024 83,272 286,592 58,963
Charge for year - 18,367 3,314
At 31 December 2024 83,272 304,959 62,277
NET BOOK VALUE
At 31 December 2024 - 23,690 7,128
At 31 December 2023 - 40,474 3,005

Motor
vehicles Patterns Totals
£    £    £   
COST OR VALUATION
At 1 January 2024 137,025 321,738 931,069
Additions - 18,950 27,970
Revaluations - 157,757 157,757
At 31 December 2024 137,025 498,445 1,116,796
DEPRECIATION
At 1 January 2024 74,186 258,448 761,461
Charge for year 11,061 15,197 47,939
At 31 December 2024 85,247 273,645 809,400
NET BOOK VALUE
At 31 December 2024 51,778 224,800 307,396
At 31 December 2023 62,839 63,290 169,608

Cost or valuation at 31 December 2024 is represented by:

Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
Valuation in 2014 83,272 - -

Cost - 328,649 69,405
83,272 328,649 69,405

Harding Sales Ltd (Registered number: 07550371)

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

5. TANGIBLE FIXED ASSETS - continued

Motor
vehicles Patterns Totals
£    £    £   
Valuation in 2014 - 127,450 210,722
Valuation in 2024 - 157,757 157,757
Cost 137,025 213,238 748,317
137,025 498,445 1,116,796

In the opinion of the directors, the gross value of Patterns at 31 December 2024 was £498,445, to which accumulative depreciation of £273,645 has been applied, giving a fair value of £224,800.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST OR VALUATION
At 1 January 2024 48,952 55,700 104,652
Transfer to ownership (7,899 ) - (7,899 )
At 31 December 2024 41,053 55,700 96,753
DEPRECIATION
At 1 January 2024 24,476 14,635 39,111
Charge for year 8,211 5,570 13,781
Transfer to ownership (3,950 ) - (3,950 )
At 31 December 2024 28,737 20,205 48,942
NET BOOK VALUE
At 31 December 2024 12,316 35,495 47,811
At 31 December 2023 24,476 41,065 65,541

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 148,334 84,072
Other debtors 55,353 20,524
203,687 104,596

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 22,996 -
Hire purchase contracts 16,625 21,677
Trade creditors 117,361 95,217
Taxation and social security 49,998 56,389
Other creditors 425,960 308,798
632,940 482,081

Included within other creditors are customer deposits of £354,414 (2023 - £258,291).

Harding Sales Ltd (Registered number: 07550371)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 20,926 38,053

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft 22,996 -
Hire purchase contracts 37,551 59,730
60,547 59,730

Hire purchase liabilities are secured over assets to which they relate.

The bank overdraft is secured by standard bank fixed and floating charges over the assets and undertakings of the company.

10. RESERVES
Non-distributable
reserves
£   
At 1 January 2024 907
Transfer of realised profit (1,210 )
Revaluation deferred tax 303

At 31 December 2024 -