Accounts



















	HAARTWELLS LIMITED



	UNAUDITED FINANCIAL STATEMENTS


	FOR THE YEAR ENDED 31 DECEMBER 2024

	HAARTWELLS LIMITED
	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024


	DIRECTORS

	Mr.M.S.Singh
	Mr. M. A. Buhecha


	SECRETARY

	M.S.Singh

	REGISTERED OFFICE

	25 Park Street West Luton Beds. LU1 3BE.


	COMPANY REGISTERED NUMBER

	04833162


	BANKERS

	Natwest Bank plc

	page 1

	HAARTWELLS LIMITED
	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024



	CONTENTS

	Pages


	3-4	Statement of Financial Position


	5-8	Notes to the Financial Statements

	page 2

HAARTWELLS LIMITED
Company registered number: 04833162
STATEMENT OF FINANCIAL POSITION AT 31 December 2024

	Note	2024		2023
		£	£	£
FIXED ASSETS
Intangible assets	3		168,000	186,000
Property, plant and equipment	4		6,845	7,201
			174,845	193,201
CURRENT ASSETS
Debtors	5	250,481		227,424
Cash at bank and in hand		85,765		59,948
		336,246		287,372
CREDITORS: Amounts falling due within one year	6	196,974		168,518
NET CURRENT ASSETS			139,272	118,854
TOTAL ASSETS LESS CURRENT LIABILITIES			314,117	312,055

CREDITORS: Amounts falling due after more than one year	7		(2,079)	(12,727)
NET ASSETS			£312,038	£299,328

CAPITAL AND RESERVES
Called up share capital			100	100
Retained earnings			311,938	299,228
SHAREHOLDERS' FUNDS			£312,038	£299,328

	The notes on pages 5-8 form part of these financial statements

	page 3

HAARTWELLS LIMITED
Company registered number: 04833162
STATEMENT OF FINANCIAL POSITION AT 31 December 2024 (CONT.)

	Note	2024		2023
		£	£	£



	In approving these financial statements as directors of the company we hereby confirm the following:

	For the year in question 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 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: 1) ensuring that the company keeps accounting records which comply with Sections 386 and 386 of the Companies Act 2006, and 2) preparing financial statements that give a true and fair view of the state of affairs of the company at at the end of each financial year and of its profit or loss for the 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 the financial statements, so far as they are applicable to the company.


	These financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies

	In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

	The financial statements were approved and authorised for issue by the board of directors on 25 September 2025

	Signed on behalf of the board of directors



	Mr M.S.Singh, Director

	The notes on pages 5-8 form part of these financial statements

	page 4



1.	SIGNIFICANT ACCOUNTING POLICIES


1a.	Statement of compliance

	Haartwells Limited is a Private Limited Company incorporated in England and Wales.

	The company's registered number and registered office address can be found on the Company Information page.

	Basis of accounting

	These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
	The financial statements have been prepared under the historical cost convention. The presentation currency is £ sterling.


1c.	Revenue recognition

	Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.


1d.	Taxation


	Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.


1e.	Property, plant and equipment

	Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.

	Equipment	Reducing balance 15%


1f.	Short term debtors and creditors

	Debtors and creditors receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit and loss.


1g.	Cash and cash equivalents

	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. For the purpose of statement of cash flows, bank overdrafts which are repayable on demand form an integral part of the Company's cash management are included as a component of cash and cash equivalents.

	The notes on pages 5-8 form part of these financial statements

	page 5



1.	SIGNIFICANT ACCOUNTING POLICIES (CONT.)


1h.	Interest bearing borrowings

	All interest-bearing loans and borrowings which are basic financial instruments are initially recognised at the present value of cash payable to the bank (including interest). After initial recognition they are measured at amortised cost using the effective interest rate method, less impairment. Any difference between the amount initially recognised and redemption value is recognised in profit and loss together with any interest and fees payable.


1i.	Employee benefits

	The obligations for contributions to defined contribution scheme are recognised as an expense as incurred. The assets of the scheme are held separately from those of the Company in an independent administered fund.



2.	DIRECTORS AND EMPLOYEES

	The average weekly number of employees during the year were as follows:
		2024	2023

	Management and administration	3	3
	Production and sales	3	3
		6	6

	The notes on pages 5-8 form part of these financial statements

	page 6


4.	PROPERTY, PLANT AND EQUIPMENT
		Fixtures &
		Equipment	Total
		£	£
	Cost

	At 1 January 2024	34,933	34,933

	At 31 December 2024	34,933	34,933

	Depreciation

	At 1 January 2024	27,732	27,732
	For the year	356	356
	At 31 December 2024	28,088	28,088

	Net Book Amounts

	At 31 December 2024	6,845	6,845
	At 31 December 2023	7,201	7,201



6.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2024	2023
		£	£
	Bank loans and overdrafts	10,648	10,648
	Trade creditors	71,629	71,672
	Corporation tax	45,365	45,799
	Other taxes and social security	22,915	22,196
	Other creditors	33,717	5,953
	Accruals and deferred income	12,700	12,250
		£196,974	£168,518

	The notes on pages 5-8 form part of these financial statements

	page 7



7.	CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR
		2024	2023
		£	£
	Bank loans and overdrafts	2,079	12,727
		£2,079	£12,727



	Analysis of borrowings:

	Due within five years:
	within 1 year
	bank	10,648	10,648
	within 2-5 years
	bank	2,079	12,727
		£12,727	£23,375

	The notes on pages 5-8 form part of these financial statements

	page 8