Samuel Harding & Sons Limited 31/12/2024 iXBRL

Company registration number: 00183722

Samuel Harding & Sons Limited

Unaudited filleted financial statements

31 December 2024

Samuel Harding & Sons Limited

Contents

Statement of financial position

Notes to the financial statements

Samuel Harding & Sons Limited

Statement of financial position

31 December 2024

		2024		2023
	Note	£	£	£	£

Fixed assets
Intangible assets	5	20,207		20,207
Tangible assets	6	4,994,279		4,999,007
Investments	7	200		200
		_______		_______
			5,014,686		5,019,414

Current assets
Stocks	8	126,398		98,703
Debtors	9	252,381		334,054
Cash at bank and in hand		87,643		71,643
		_______		_______
		466,422		504,400
Creditors: amounts falling due
within one year	10	( 89,900)		( 161,518)
		_______		_______
Net current assets			376,522		342,882
			_______		_______
Total assets less current liabilities			5,391,208		5,362,296

Creditors: amounts falling due
after more than one year	11		( 244,731)		( 266,084)
			_______		_______
Net assets			5,146,477		5,096,212
			_______		_______

Capital and reserves
Called up share capital			30,502		30,502
Fair value reserve			185,612		185,612
Profit and loss account			4,930,363		4,880,098
			_______		_______
Shareholders funds			5,146,477		5,096,212
			_______		_______

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 15 September 2025 , and are signed on behalf of the board by:

L Jones

Director

Company registration number: 00183722

Samuel Harding & Sons Limited

Notes to the financial statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is 18 Talbot Lane, Leicester, LE1 4LR.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Combined other intangible assets	-	no amortisation

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Land and building	-	no depreciation
Plant and machinery	-	15% per annum of cost, except farm equipment 15% reducing balance
Motor vehicles	-	25% per annum of cost

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Group accounts

The company is entitled to the exemption under Section 398 of the Companies Act 2006 from the obligation to prepare group accounts.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2023: 4 ).

5. Intangible assets

	Other intangible assets	Total
	£	£
Cost
At 1 January 2024 and 31 December 2024	20,207	20,207
	_______	_______
Amortisation
At 1 January 2024 and 31 December 2024	-	-
	_______	_______
Carrying amount
At 31 December 2024	20,207	20,207
	_______	_______
At 31 December 2023	20,207	20,207
	_______	_______

6. Tangible assets

	Freehold property	Plant and machinery	Motor vehicles	Tangible assets - user defined	Total
	£	£	£	£	£
Cost
At 1 January 2024	3,648,660	545,388	105,870	1,098,000	5,397,918
Additions	-	-	47,023	-	47,023
Disposals	-	( 725)	-	-	( 725)
	_______	_______	_______	_______	_______
At 31 December 2024	3,648,660	544,663	152,893	1,098,000	5,444,216
	_______	_______	_______	_______	_______
Depreciation
At 1 January 2024	-	338,875	60,036	-	398,911
Charge for the year	-	29,072	22,567	-	51,639
Disposals	-	( 613)	-	-	( 613)
	_______	_______	_______	_______	_______
At 31 December 2024	-	367,334	82,603	-	449,937
	_______	_______	_______	_______	_______
Carrying amount
At 31 December 2024	3,648,660	177,329	70,290	1,098,000	4,994,279
	_______	_______	_______	_______	_______
At 31 December 2023	3,648,660	206,513	45,834	1,098,000	4,999,007
	_______	_______	_______	_______	_______

The freehold investment property was revalued by the directors at 31 December 2024 on an open market basis. The historical cost equivalent of these assets is £912,388.

7. Investments

	Shares in group undertakings and participating interests	Total
	£	£
Cost
At 1 January 2024 and 31 December 2024	200	200
	_______	_______
Impairment
At 1 January 2024 and 31 December 2024	-	-
	_______	_______
Carrying amount
At 31 December 2024	200	200
	_______	_______
At 31 December 2023	200	200
	_______	_______

8. Stocks

	2024	2023
	£	£
Stock valuation	126,398	98,703
	_______	_______

9. Debtors

	2024	2023
	£	£
Trade debtors	41,730	53,022
Amounts owed by group undertakings and undertakings in which the company has a participating interest	164,054	240,054
Other debtors	46,597	40,978
	_______	_______
	252,381	334,054
	_______	_______

10. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	17,504	16,604
Trade creditors	1,603	55,214
Corporation tax	-	9,257
Other creditors	27,140	32,163
	_______	_______
	46,247	113,238
	_______	_______

11. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	179,505	196,199
Other creditors	65,226	69,885
	_______	_______
	244,731	266,084
	_______	_______

The company has taken out a bank loan which is secured on specific property.

Included within creditors: amounts falling due after more than one year is an amount of £ 95,348 (2023 £ 115,851 ) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.