Harkers (Dry Liners & Plasterers) Limited 04648552 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is Plastering Digita Accounts Production Advanced 6.30.9574.0 true 04648552 2024-04-01 2025-03-31 04648552 2025-03-31 04648552 bus:OrdinaryShareClass1 2025-03-31 04648552 bus:OrdinaryShareClass2 2025-03-31 04648552 core:RetainedEarningsAccumulatedLosses 2025-03-31 04648552 core:ShareCapital 2025-03-31 04648552 core:CurrentFinancialInstruments 2025-03-31 04648552 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 04648552 core:MotorVehicles 2025-03-31 04648552 core:PlantMachinery 2025-03-31 04648552 core:OtherRelatedParties 2025-03-31 04648552 1 2025-03-31 04648552 bus:SmallEntities 2024-04-01 2025-03-31 04648552 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 04648552 bus:FilletedAccounts 2024-04-01 2025-03-31 04648552 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04648552 bus:RegisteredOffice 2024-04-01 2025-03-31 04648552 bus:Director1 2024-04-01 2025-03-31 04648552 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 04648552 bus:OrdinaryShareClass2 2024-04-01 2025-03-31 04648552 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04648552 core:MotorVehicles 2024-04-01 2025-03-31 04648552 core:PlantMachinery 2024-04-01 2025-03-31 04648552 countries:EnglandWales 2024-04-01 2025-03-31 04648552 1 2024-04-01 2025-03-31 04648552 2024-03-31 04648552 core:MotorVehicles 2024-03-31 04648552 core:PlantMachinery 2024-03-31 04648552 1 2024-03-31 04648552 2023-04-01 2024-03-31 04648552 2024-03-31 04648552 bus:OrdinaryShareClass1 2024-03-31 04648552 bus:OrdinaryShareClass2 2024-03-31 04648552 core:RetainedEarningsAccumulatedLosses 2024-03-31 04648552 core:ShareCapital 2024-03-31 04648552 core:CurrentFinancialInstruments 2024-03-31 04648552 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 04648552 core:MotorVehicles 2024-03-31 04648552 core:PlantMachinery 2024-03-31 04648552 core:OtherRelatedParties 2024-03-31 04648552 1 2024-03-31 04648552 1 2023-04-01 2024-03-31 04648552 1 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04648552

Harkers (Dry Liners & Plasterers) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Harkers (Dry Liners & Plasterers) Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

Harkers (Dry Liners & Plasterers) Limited

(Registration number: 04648552)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

           

Fixed assets

   

 

Tangible assets

4

 

36,717

 

46,401

Current assets

   

 

Stocks

36,702

 

81,725

 

Debtors

5

1,685,149

 

1,309,685

 

Cash at bank and in hand

 

709,700

 

690,633

 

 

2,431,551

 

2,082,043

 

Creditors: Amounts falling due within one year

6

(657,363)

 

(387,940)

 

Net current assets

   

1,774,188

 

1,694,103

Total assets less current liabilities

   

1,810,905

 

1,740,504

Provisions for liabilities

 

(4,848)

 

(6,836)

Net assets

   

1,806,057

 

1,733,668

Capital and reserves

   

 

Called up share capital

7

101

 

101

 

Retained earnings

1,805,956

 

1,733,567

 

Shareholders' funds

   

1,806,057

 

1,733,668

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 July 2025 and signed on its behalf by:
 

.........................................
T J Harker
Director

   
     
 

Harkers (Dry Liners & Plasterers) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit E3
Lotherton Business Park
Lotherton Way
Leeds
LS25 2HP

These financial statements were authorised for issue by the Board on 1 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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 disclosure and presentation requirements of Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's functional and presentation currency is pound sterling.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue when the amount of revenue can be measured reliably and it is probable that future economic benefits will flow to the entity.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Harkers (Dry Liners & Plasterers) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% reducing balance basis

Plant and machinery

25% reducing balance basis

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Harkers (Dry Liners & Plasterers) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Financial instruments

Financial assets

Basic financial assets, including trade and other receivables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss and any subsequent reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2024 - 7).

 

Harkers (Dry Liners & Plasterers) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Tangible assets

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2024

113,243

114,700

227,943

Additions

6,000

416

6,416

Disposals

(21,500)

-

(21,500)

At 31 March 2025

97,743

115,116

212,859

Depreciation

At 1 April 2024

77,986

103,556

181,542

Charge for the year

9,065

2,890

11,955

Eliminated on disposal

(17,355)

-

(17,355)

At 31 March 2025

69,696

106,446

176,142

Carrying amount

At 31 March 2025

28,047

8,670

36,717

At 31 March 2024

35,257

11,144

46,401

5

Debtors

Current

2025
£

2024
£

Trade debtors

728,951

696,395

Prepayments

24,171

22,605

Other debtors

932,027

590,685

 

1,685,149

1,309,685

6

Creditors

2025
£

2024
£

Due within one year

Trade creditors

233,601

158,271

Taxation and social security

137,966

142,559

Accruals and deferred income

95,661

85,137

Other creditors

190,135

1,973

657,363

387,940

 

Harkers (Dry Liners & Plasterers) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

'A' Ordinary shares of £1 each

100

100

100

100

'B' Ordinary shares of £1 each

1

1

1

1

101

101

101

101

8

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £11,456 (2024 - £28,593). The commitments relate to operating leases.

9

Related party transactions

Transactions with directors

2025

At 1 April 2024
£

Advances to director
£

Repayments by director
£

At 31 March 2025
£

Directors loan account

239,670

214,225

(116,714)

337,181

 

2024

At 1 April 2023
£

Advances to director
£

Repayments by director
£

At 31 March 2024
£

Directors loan account

132,578

192,147

(85,055)

239,670

 

There is interest charged at 2.25% on the loan balance and the loan is repayable on demand.

Income and receivables from related parties

2025

Other related parties
£

Amounts receivable from related party

430,000

2024

Other related parties
£

Amounts receivable from related party

180,000