HARKNESS SCREENS (USA) LIMITED

Company Registration Number:
03336130 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2024

Period of accounts

Start date: 01 October 2023

End date: 30 September 2024

HARKNESS SCREENS (USA) LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2024

Balance sheet
Notes

HARKNESS SCREENS (USA) LIMITED

Balance sheet

As at 30 September 2024


Notes
2024
2023


£
£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 241,110 241,110
Total fixed assets: 241,110 241,110
Current assets
Stocks: 285,131 470,792
Debtors: 4 1,004,690 432,645
Cash at bank and in hand: 231,725 251,642
Total current assets: 1,521,546 1,155,079
Creditors: amounts falling due within one year: 5 (2,542,355) (2,591,433)
Net current assets (liabilities): (1,020,809) (1,436,354)
Total assets less current liabilities: (779,699) (1,195,244)
Provision for liabilities: (2,733) (15,988)
Total net assets (liabilities): (782,432) (1,211,232)
Capital and reserves
Called up share capital: 2 2
Profit and loss account: (782,434) (1,211,234)
Shareholders funds: (782,432) (1,211,232)

The notes form part of these financial statements

HARKNESS SCREENS (USA) LIMITED

Balance sheet statements

For the year ending 30 September 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 September 2025
and signed on behalf of the board by:

Name: Mark Ashcroft
Status: Director

The notes form part of these financial statements

HARKNESS SCREENS (USA) LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

HARKNESS SCREENS (USA) LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

2. Employees

2024 2023
Average number of employees during the period 12 15

HARKNESS SCREENS (USA) LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Tangible Assets

Total
Cost £
At 01 October 2023 3,828,571
Additions 30,835
At 30 September 2024 3,859,406
Depreciation
At 01 October 2023 3,587,461
Charge for year 159,193
Other adjustments (128,358)
At 30 September 2024 3,618,296
Net book value
At 30 September 2024 241,110
At 30 September 2023 241,110

HARKNESS SCREENS (USA) LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

HARKNESS SCREENS (USA) LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

5. Creditors: amounts falling due within one year note

Creditors: Amounts falling due within one year 2024 2023 $ $ Trade creditors 139,079 121,115 Amounts owed to group undertakings 2,148,075 1,758,377 Accruals and deferred income 255,201 711,941 2,542,355 2,591,433 Amounts due to group undertakings are unsecured, have no fixed date of repayment and are repayable on demand. Interest is charged at 3.836% on balances with Harkness Screens Group Limited. This interest rate is a deemed market rate. All other group borrowings are interest free.

HARKNESS SCREENS (USA) LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

6. Related party transactions

Related party transactions The Company is exempt from disclosing other related party transactions as they are with other companies that are wholly owned within the Harkness Screens Group Limited Group.

HARKNESS SCREENS (USA) LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

7. Post balance sheet events

Post balance sheet events As detailed in the going concern note above, the company is dependent on the financial support from itsultimate parent, Harkness Screens International Limited, in respect of its ability to continue as a goingconcern. Subsequent to the balance sheet date, the ultimate parent for the Company changed fromHarkness Screens Group Limited to Harkness Screens International following a reorganisation of theGroup. As part of this reorganisation, the Group received additional shareholder investment in the form ofequity and loan notes and its primary external debt was settled in full. In July 2024, the directors passed a resolution to close the manufacturing facility of the Company as aresult of low trading levels and technological obsolescence. This was completed in January 2025. As thefactors causing the closure existed at the balance sheet date, the related impairment was recorded in the2023 financial statements