Registration number: 04723056

S. & A. Hart Limited

Statement of Financial Position as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	5	33,170	27,858
Current assets
Stocks	6	40,026	27,786
Debtors	7	615,356	610,054
Cash at bank and in hand		582,615	345,497
		1,237,997	983,337
Creditors: Amounts falling due within one year	8	(677,125)	(506,906)
Net current assets		560,872	476,431
Total assets less current liabilities		594,042	504,289
Creditors: Amounts falling due after more than one year	8	(3,780)	-
Provisions for liabilities		(8,293)	(6,965)
Net assets		581,969	497,324
Capital and reserves
Called up share capital		400	400
Retained earnings		581,569	496,924
Shareholders' funds		581,969	497,324

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

Approved and authorised by the Board on 25 September 2025 and signed on its behalf by:
 

.........................................

Mr R W Greig

Director

Company registration number: 04723056

S. & A. Hart Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

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:
Cranbrook Road
Gills Green
Hawkhurst
Kent
TN18 5BD

The principal activity of the company is that of the distribution of fresh and frozen food products.

2	Audit Report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 25 September 2025 was Martin Widdowson, who signed for and on behalf of Brebners.

3	Accounting policies

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

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.

Going concern

The company made a profit for the year ended 31 December 2024 and had net assets at that date of £581,969 including cash at bank of £582,615. The company has continued to trade profitably subsequent to 31 December 2024.

On the basis of the above, and after making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly the financial statements have been prepared under the going concern basis.

S. & A. Hart Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of food products in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns and discounts.

The company recognises revenue on the date of sale in the fish market and the date of despatch of wholesale orders.

Government grants

Grants relating to revenue are recognised in profit and loss on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

Capital grants are recognised using the accrual method with the amount of the grant included with liabilities and released to profit and loss over the life of the asset for which the grant was provided.

Tax

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

The current income 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.

Tangible assets

Tangible assets are stated in the statement of financial position 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
Fixtures, fittings & equipment	15% and 33% per annum on a reducing basis
Plant and equipment	15% per annum on a reducing basis

S. & A. Hart Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the weighted average 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.

4	Staff numbers

The average number of persons employed by the company during the year, was 7 (2023 - 7).

S. & A. Hart Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

5	Tangible assets

	Furniture, fittings and equipment  £	Plant and equipment £	Total £
Cost or valuation
At 1 January 2024	17,713	17,318	35,031
Additions	-	11,094	11,094
At 31 December 2024	17,713	28,412	46,125
Depreciation
At 1 January 2024	6,004	1,169	7,173
Charge for the year	2,435	3,347	5,782
At 31 December 2024	8,439	4,516	12,955
Carrying amount
At 31 December 2024	9,274	23,896	33,170
At 31 December 2023	11,709	16,149	27,858

6

Stocks

	2024 £	2023 £
Stock for resale	40,026	27,786

7

Debtors

	2024 £	2023 £
Trade debtors	193,426	182,496
Amounts owed by group undertakings	405,251	405,251
Other debtors	16,679	22,307
	615,356	610,054

S. & A. Hart Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

8

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Trade creditors	115,091	61,993
Amounts owed to group undertakings	522,488	390,914
Taxation and social security	33,409	48,676
Other creditors	6,137	5,323
	677,125	506,906

Creditors: amounts falling due after more than one year

	2024 £	2023 £
Other creditors	3,780	-

9	Related party transactions

Exemption has been taken under FRS102 paragraph 1AC.35 not to disclose transactions or amounts falling due with companies that are wholly owned within the group.