Harsun & Co. Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02977835

Harsun & Co. Limited

Filleted Unaudited Financial Statements

31 March 2025

Harsun & Co. Limited

Balance Sheet

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		828,798	847,498

Current assets

Stocks		1,038,527	1,038,527
Debtors	6	278,219	268,478
Cash at bank and in hand		466,959	459,819
		------------	------------
		1,783,705	1,766,824

Creditors: amounts falling due within one year	7	( 681,329)		( 660,232)
		------------		------------
Net current assets			1,102,376	1,106,592
			------------	------------
Total assets less current liabilities			1,931,174	1,954,090

Creditors: amounts falling due after more than one year	8		( 856,842)	( 896,128)

Provisions

Taxation including deferred tax	1,047	300
	------------	------------
Net assets	1,075,379	1,058,262
	------------	------------

Capital and reserves

Called up share capital	1,000	1,000
Profit and loss account	1,074,379	1,057,262
	------------	------------
Shareholders funds	1,075,379	1,058,262
	------------	------------

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.

For the 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.

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 .

Harsun & Co. Limited

Balance Sheet (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 5 December 2025 , and are signed on behalf of the board by:

Mr. S.R. Bhundia

Director

Company registration number: 02977835

Harsun & Co. Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 7 High Road, Willesden, London, NW10 2TE.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Revenue, which is shown net of Value Added Tax, mainly arises from letting commissions and is recognised on the receipt of the rentals due from the tenants. Rental income from property and cash machine is recognised when receivable under the terms of the lease agreement. These together with interest receivable are shown as other operating income.

Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred taxation is measured on a non- discounted basis at the average tax rates that would apply when the timing differences are expected to reverse, based on the tax rate and laws that have been enacted by the balance sheet date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

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:

Freehold property	-	2% straight line
Fixtures and fittings	-	25% reducing balance
Motor vehicle	-	25% reducing balance

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 stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 6 (2024: 5 ).

5. Tangible assets

	Land and buildings	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 1 April 2024 and 31 March 2025	858,551	10,798	12,780	882,129
	---------	--------	--------	---------
Depreciation
At 1 April 2024	17,171	10,072	7,388	34,631
Charge for the year	17,171	181	1,348	18,700
	---------	--------	--------	---------
At 31 March 2025	34,342	10,253	8,736	53,331
	---------	--------	--------	---------
Carrying amount
At 31 March 2025	824,209	545	4,044	828,798
	---------	--------	--------	---------
At 31 March 2024	841,380	726	5,392	847,498
	---------	--------	--------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	37	13,678
Amounts owed by group undertakings and undertakings in which the company has a participating interest	275,282	253,000
Other debtors	2,900	1,800
	---------	---------
	278,219	268,478
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	35,000	33,500
Trade creditors	416,535	372,921
Amounts owed to group undertakings and undertakings in which the company has a participating interest	8,915	4,387
Corporation tax	27,067	45,628
Social security and other taxes	20,115	29,582
Other creditors	173,697	174,214
	---------	---------
	681,329	660,232
	---------	---------

Bank loans due within one year include an amount of £8,000 (2024: £7,500) which are secured by a fixed and floating charge over the company's assets.

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

	2025	2024
	£	£
Bank loans and overdrafts	856,842	896,128
	---------	---------

Bank loans due after more than one year include an amount of £475,289 (2024: £487,268) which are secured by a fixed and floating charge over the company's assets.

Included within creditors: amounts falling due after more than one year is an amount of £300,220 (2024: £321,527) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

9. Controlling party

The ultimate parent company of the group is HSRB Holdings Ltd, a company registered in England and Wales.