REGISTERED NUMBER: 01441604 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

T.L. HARVEY LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

560,726

570,794

CURRENT ASSETS

Stocks

315,000

367,500

Debtors

5

87,185

118,888

Cash in hand

1,000

1,000

403,185

487,388

CREDITORS

Amounts falling due within one year

6

289,394

367,174

NET CURRENT ASSETS

113,791

120,214

TOTAL ASSETS LESS CURRENT LIABILITIES

674,517

691,008

CREDITORS

Amounts falling due after more than one year

7

4,832

42,709

NET ASSETS

669,685

648,299

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

668,685

647,299

669,685

648,299

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

J L Harvey - Director

1.	STATUTORY INFORMATION

T. L. Harvey Limited is a private company, limited by shares, registered in England and Wales, registered number 01441604. Its registered office is The Flatts, Whitworth Close, Darlaston, Wednesbury, WS10 8LJ.

The financial statements are presented in Sterling, which is the functional currency of the company.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

15% on reducing balance

Plant and machinery etc

-

33% on cost, 10% on reducing balance and 5% on reducing balance

Freehold land is not depreciated.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments

Basic financial liabilities, including trade and other debtors, bank loans and other loans 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 receipts discounted at a market rate of interest.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

584,770

529,739

1,114,509

DEPRECIATION

At 1 April 2024

165,493

378,222

543,715

Charge for year

641

9,427

10,068

At 31 March 2025

166,134

387,649

553,783

NET BOOK VALUE

At 31 March 2025

418,636

142,090

560,726

At 31 March 2024

419,277

151,517

570,794

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

9,361

52,196

Other debtors

77,824

66,692

87,185

118,888

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

89,223

96,178

Hire purchase contracts

15,579

30,550

Trade creditors

128,164

130,989

Social security and other taxes

10,070

6,247

VAT

18,904

11,103

Other creditors

13,047

5,323

Directors' current accounts

-

73,004

Accruals and prepaid income

14,407

13,780

289,394

367,174

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

2,237

10,000

Bank loans - 2-5 years

-

2,439

Hire purchase contracts

2,595

30,270

4,832

42,709

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank overdrafts

79,223

86,178

Hire purchase contracts

18,174

60,820

97,397

146,998

Bank loans and overdrafts are secured by way of a fixed and floating charge over the assets of the company.

The hire purchase liabilities are secured on the assets financed.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

J L Harvey

Balance outstanding at start of year

(73,004

)

(143,604

)

Amounts advanced

397,573

345,505

Amounts repaid

(315,568

)

(274,905

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,001

(73,004

)

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £1,471 (2024 - £2,941) were paid to the directors .