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Registered number: 04652603
Hartmetall (UK) Limited
ACCOUNTS
FOR THE YEAR ENDED 31/12/2024
Prepared By:
Johnston and Co
Accountants
Cherry Trees
DY12 3LE
Hartmetall (UK) Limited
ACCOUNTS
FOR THE YEAR ENDED 31/12/2024
DIRECTORS
Mark Eric Turton
Matthew John Turton
SECRETARY
Penelope Turton
REGISTERED OFFICE
Unit 302 Hartlebury Industrial Estate
Hartlebury
Kidderminster
Worcestershire
DY10 4JB
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04652603
ACCOUNTANTS
Johnston and Co
Accountants
Cherry Trees
DY12 3LE
Hartmetall (UK) Limited
ACCOUNTS
FOR THEYEARENDED31/12/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts5
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Hartmetall (UK) Limited
BALANCE SHEET AT 31/12/2024
20242023
Notes££
FIXED ASSETS
Tangible assets3548,513248,164
CURRENT ASSETS
Stock9,7209,720
Debtors5176,135200,279
Cash at bank and in hand146,92099,013
332,775309,012
CREDITORS: Amounts falling due within one year6358,028368,141
NET CURRENT LIABILITIES(25,253)(59,129)
TOTAL ASSETS LESS CURRENT LIABILITIES523,260189,035
CREDITORS: Amounts falling due after more than one year714,95831,773
PROVISIONS FOR LIABILITIES AND CHARGES8105,97747,140
NET ASSETS402,325110,122
CAPITAL AND RESERVES
Called up share capital9100100
Profit and loss account402,225110,022
SHAREHOLDERS' FUNDS402,325110,122
Hartmetall (UK) Limited
BALANCE SHEET AT 31/12/2024
For the year ending 31/12/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 05/09/2024 and signed on their behalf by
.............................
Mark Eric Turton
Director
.............................
Matthew John Turton
Director
Hartmetall (UK) Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildingsreducing balance 0%
Plant and Machineryreducing balance 5%
Fixtures and Fittingsstraight line 25%
Motor Carsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20242023
No.No.
Average number of employees44
Hartmetall (UK) Limited
3. TANGIBLE FIXED ASSETS
Land AndPlant andFixtures
BuildingsMachineryand FittingsMotor CarsTotal
£££££
Cost
At 01/01/202410,952766,48927,38661,446866,273
Additions-21,790--21,790
At 31/12/202410,952788,27927,38661,446888,063
Depreciation
At 01/01/202410,952534,89526,39245,870618,109
Revaluation-(285,000)--(285,000)
For the year-3848705,1876,441
At 31/12/202410,952250,27927,26251,057339,550
Net Book Amounts
At 31/12/2024-538,00012410,389548,513
At 31/12/2023-231,59499415,576248,164
4. STOCK 20242023
££
Stock comprises:
Stock9,7209,720
9,7209,720
5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors163,321189,362
Prepayments12,81411,029
176,135200,391
Hartmetall (UK) Limited
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax44,71540,294
VAT62,56676,331
Directors current account493,501
Directors current account8,68110,112
Bank Loan10,00010,000
Hire purchase current-32,632
Toyota Finance6,8156,815
Loans468-
Trade creditors180,159135,782
Trade creditors warranty reserve40,76448,764
Pension schemes451550
Accruals3,3603,360
358,028368,141
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (secured) >1yr4,16714,167
Hire purchase >1yr10,79117,606
14,95831,773
8. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation105,97747,140
105,97747,140
9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
76 Ordinary shares of £1 each7676
24 Ordinary B shares of £1 each2424
100100