Registration number: 00623925

Harry Veall Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

Harry Veall Ltd

Company Information

Director

O A Reynolds

Company secretary

Mrs A M Mills

Registered office

Slaney Place Headcorn Road Staplehurst Kent TN12 0DT

Accountants

Manningtons Victoria House The Moor Hawkhurst Cranbrook Kent TN18 4NR

Harry Veall Ltd

(Registration number: 00623925)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	262,781	278,015
Current assets
Debtors	5	-	38,934
Cash at bank and in hand		-	35,048
		-	73,982
Creditors: Amounts falling due within one year	6	(233,812)	(289,855)
Net current liabilities		(233,812)	(215,873)
Total assets less current liabilities		28,969	62,142
Creditors: Amounts falling due after more than one year	6	(2,434)	(35,949)
Net assets		26,535	26,193
Capital and reserves
Called up share capital		14,999	14,999
Capital redemption reserve		5,001	5,001
Retained earnings		6,535	6,193
Shareholders' funds		26,535	26,193

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 October 2025
 

......................................... O A Reynolds Director

Harry Veall Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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:
Slaney Place
Headcorn Road
Staplehurst
Kent
TN12 0DT

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is the Pound Sterling (£).

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet 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
Land and Buildings	Not depreciated
Plant and equipment	10% reducing balance

Harry Veall Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

Harry Veall Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2024 - 0).

4	Tangible assets

	Land and buildings £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 April 2024	133,426	9,250	337,951	480,627
At 31 March 2025	133,426	9,250	337,951	480,627
Depreciation
At 1 April 2024	-	4,046	198,566	202,612
Charge for the year	-	1,301	13,933	15,234
At 31 March 2025	-	5,347	212,499	217,846
Carrying amount
At 31 March 2025	133,426	3,903	125,452	262,781
At 31 March 2024	133,426	5,204	139,385	278,015

Included within the net book value of land and buildings above is £133,426 (2024 - £133,426) in respect of freehold land and buildings.
 

5

Debtors

	2025 £	2024 £
Trade debtors	-	29,171
Taxation and social security	-	9,763
	-	38,934

Harry Veall Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Bank loans and overdrafts	7	20,667	20,667
Trade creditors		-	94,578
Accruals and deferred income		1,000	1,000
Other creditors		57,714	19,179
Director loan account		154,431	154,431
		233,812	289,855

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	7	2,434	35,949

7	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	1,462	11,644
Hire purchase contracts	972	24,305
	2,434	35,949

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	9,000	9,000
Hire purchase contracts	11,667	11,667
	20,667	20,667

Bank borrowings

Loan is denominated in £ with a nominal interest rate of 2.5%, and the final instalment is due on 30 June 2026. The carrying amount at year end is £9,972 (2024 - £33,305).

Harry Veall Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8	Parent and ultimate parent undertaking

The ultimate controlling party is executors of Mrs C B Veall Deceased.