COMPANY REGISTRATION NUMBER:
02477414
|
HARGREAVES FOUNDRY LIMITED |
|
|
FILLETED FINANCIAL STATEMENTS |
|
|
HARGREAVES FOUNDRY LIMITED |
|
|
STATEMENT OF FINANCIAL POSITION |
|
31 March 2025
CURRENT ASSETS
|
Stocks |
14,440 |
|
57,370 |
|
|
Debtors |
4 |
183,401 |
|
227,998 |
|
|
Cash at bank and in hand |
1,993 |
|
20,298 |
|
|
---------- |
|
---------- |
|
|
199,834 |
|
305,666 |
|
|
|
|
|
|
|
|
CREDITORS: amounts falling due within one year |
5 |
339,536 |
|
492,680 |
|
|
---------- |
|
---------- |
|
|
NET CURRENT LIABILITIES |
|
139,702 |
|
187,014 |
|
|
---------- |
|
---------- |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
|
(
139,702) |
|
(
187,014) |
|
|
---------- |
|
---------- |
|
NET LIABILITIES |
|
(
139,702) |
|
(
187,014) |
|
|
---------- |
|
---------- |
|
|
|
|
|
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CAPITAL AND RESERVES
|
Called up share capital |
6 |
|
100 |
|
100 |
|
Profit and loss account |
|
(
139,802) |
|
(
187,114) |
|
|
---------- |
|
---------- |
|
SHAREHOLDER DEFICIT |
|
(
139,702) |
|
(
187,014) |
|
|
---------- |
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---------- |
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|
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|
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 income statement has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the
board of directors
and authorised for issue on
19 December 2025
, and are signed on behalf of the board by:
Company registration number:
02477414
|
HARGREAVES FOUNDRY 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. The address of the registered office is Water Lane, Halifax, West Yorkshire, HX3 9HG.
2.
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.
Going concern
Based on internal forecasts and projections, prepared for a period of at least 12 months from the date of approval of the financial statements, that take into account expected changes in the group's trading performance, the directors have a reasonable expectation that the group, including this company, has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the going concern basis has been adopted in the preparation of the financial statements.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.
Current and deferred tax
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.
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.
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement 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.
3.
EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to
13
(2024:
19
).
4.
DEBTORS
|
2025 |
2024 |
|
£ |
£ |
|
Trade debtors |
100,636 |
183,714 |
|
Amounts owed by group undertakings |
65,354 |
43,174 |
|
Prepayments and accrued income |
6,487 |
1,110 |
|
Other debtors |
10,924 |
– |
|
---------- |
---------- |
|
183,401 |
227,998 |
|
---------- |
---------- |
|
|
|
5.
CREDITORS:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Trade creditors |
35,055 |
170,974 |
|
Amounts owed to group undertakings |
268,473 |
256,163 |
|
Accruals and deferred income |
31,061 |
21,152 |
|
Social security and other taxes |
4,387 |
44,091 |
|
Other creditors |
560 |
300 |
|
---------- |
---------- |
|
339,536 |
492,680 |
|
---------- |
---------- |
|
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6.
CALLED UP SHARE CAPITAL
Issued, called up and fully paid
|
2025 |
2024 |
|
No. |
£ |
No. |
£ |
|
Ordinary shares of £ 1 each |
100 |
100 |
100 |
100 |
|
---- |
---- |
---- |
---- |
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7.
CONTINGENCIES
All fixed assets acquired by the company, including related finance, are transferred immediately upon acquisition to the holding company. The legal responsibility for all finance rests with this company although the holding company has undertaken to make all payments and settle all outstanding liabilities as they fall due. Barclays Bank Plc holds a cross guarantee and debenture against the company's assets as security on all bank borrowings throughout the group. The outstanding balances at 31 March 2025 in the group were £502,335 (2024: £770,651).
8.
SUMMARY AUDIT OPINION
The auditor's report dated
22 December 2025
was
unqualified
.
The senior statutory auditor was
Sally Shacklock
, for and on behalf of
Streets Audit LLP
.
9.
ULTIMATE PARENT COMPANY
The company's immediate and ultimate parent company is A
. Dyson & Son (Patterns) Ltd
. The address of the registered office of A. Dyson & Son (Patterns) Ltd is Water Lane, Halifax, West Yorkshire, HX3 9HG.
This is the largest and smallest group for which group accounts are drawn up and of which the company is a member. Consolidated accounts are available from Companies House.