REGISTERED NUMBER: 02876715 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Harfords 4 x 4 Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

K R Harford

Mrs J A Harford

SECRETARY:

Mrs J A Harford

REGISTERED OFFICE:

Roundabout Garage

9 Langley Road

Chippenham

Wiltshire

SN15 1BP

REGISTERED NUMBER:

02876715 (England and Wales)

FIXED ASSETS

Tangible assets

4

105,099

140,028

CURRENT ASSETS

Stocks

51,050

44,850

Debtors

5

262,595

105,187

Cash at bank and in hand

655

8,436

314,300

158,473

CREDITORS

Amounts falling due within one year

6

418,180

356,280

NET CURRENT LIABILITIES

(103,880

)

(197,807

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,219

(57,779

)

CREDITORS

Amounts falling due after more than one year

7

(131,810

)

(43,566

)

PROVISIONS FOR LIABILITIES

(11,591

)

(14,720

)

NET LIABILITIES

(142,182

)

(116,065

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(142,184

)

(116,067

)

SHAREHOLDERS' FUNDS

(142,182

)

(116,065

)

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.

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 Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

K R Harford - Director

1.	STATUTORY INFORMATION

Harfords 4 x 4 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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

10% on straight line basis

Plant and machinery

-

25% on reducing balance

Trailers

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Motor vehicles

-

10%-20% 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.

Hire purchase and leasing commitments

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract.

Going concern

The accounts have been prepared on the going concern basis which assumes the continued support of the company's bankers and creditors. If such support were not forthcoming the accounts would need to be restated on a break-up basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Short

Plant and

leasehold

machinery

Trailers

£

£

£

COST

At 1 January 2024

140,434

50,057

19,389

Disposals

-

-

-

At 31 December 2024

140,434

50,057

19,389

DEPRECIATION

At 1 January 2024

140,434

47,559

16,618

Charge for year

-

624

693

Eliminated on disposal

-

-

-

At 31 December 2024

140,434

48,183

17,311

NET BOOK VALUE

At 31 December 2024

-

1,874

2,078

At 31 December 2023

-

2,498

2,771

Office

Motor

equipment

vehicles

Totals

£

£

£

COST

At 1 January 2024

12,371

195,974

418,225

Disposals

-

(24,000

)

(24,000

)

At 31 December 2024

12,371

171,974

394,225

DEPRECIATION

At 1 January 2024

8,672

64,914

278,197

Charge for year

925

11,087

13,329

Eliminated on disposal

-

(2,400

)

(2,400

)

At 31 December 2024

9,597

73,601

289,126

NET BOOK VALUE

At 31 December 2024

2,774

98,373

105,099

At 31 December 2023

3,699

131,060

140,028

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

2,660

14,386

Other debtors

259,935

90,801

262,595

105,187

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

18,753

32,348

Other loans

38,690

-

Hire purchase contracts

17,523

31,106

Trade creditors

21,086

26,685

Corporation tax

841

2,178

Social security and other taxes

60,055

31,803

VAT

22,074

18,982

Other creditors

54,589

58,293

Directors' current accounts

181,769

152,085

Accruals and deferred income

2,800

2,800

418,180

356,280

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

-

7,292

Other loans - 1-2 years

38,690

-

Other loans - 2-5 years

84,389

-

Hire purchase contracts

8,731

36,274

131,810

43,566

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

7,292

24,792

Hire purchase contracts

26,254

67,380

33,546

92,172