HARBEST LOCUMS LIMITED - Filleted accounts

Registered number

07203996

HARBEST LOCUMS LIMITED

Filleted Accounts

31 March 2025

HARBEST LOCUMS LIMITED
Registered number:		07203996
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		155,331			174,049
Investments	5		593,646			539,595
			748,977			713,644

Current assets
Debtors	6	52,786			68,797
Cash at bank and in hand		280,963			206,238
		333,749			275,035

Creditors: amounts falling due within one year	7	(69,343)			(74,739)

Net current assets			264,406			200,296

Total assets less current liabilities			1,013,383			913,940

Creditors: amounts falling due after more than one year	8		(65,547)			(78,598)

Provisions for liabilities	9		(32,571)			(36,540)

Net assets			915,265			798,802

Capital and reserves
Called up share capital			1			1
Profit and loss account			915,264			798,801

Shareholder's funds			915,265			798,802

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Dr A S Raindi
Director
Approved by the board on 29 December 2025

HARBEST LOCUMS LIMITED
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					2		1


3	Taxation					2025		2024
£							£

	UK corporation tax					41,980		36,779
	Deferred taxation					(3,969)		18,286
						38,011		55,065


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	23,980		77,061		111,720		212,761
	Additions	-		12,459		-		12,459
	At 31 March 2025	23,980		89,520		111,720		225,220

	Depreciation
	At 1 April 2024	2,180		27,721		8,811		38,712
	Charge for the year	2,180		13,892		15,105		31,177
	At 31 March 2025	4,360		41,613		23,916		69,889

	Net book value
	At 31 March 2025	19,620		47,907		87,804		155,331
	At 31 March 2024	21,800		49,340		102,909		174,049


5	Investments
Other
investments
£
	Cost
	At 1 April 2024							539,595
	Additions							54,051

	At 31 March 2025							593,646


6	Debtors					2025		2024
£							£

	Other debtors					52,786		68,797


7	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans					7,800		7,800
	Obligations under finance lease and hire purchase contracts					12,828		12,828
	Taxation and social security costs					42,720		37,231
	Other creditors					5,995		16,880
						69,343		74,739


8	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					3,900		11,700
	Obligations under finance lease and hire purchase contracts					61,647		66,898
						65,547		78,598


9	Deferred taxation					2025		2024
£							£

	At 1 April 2024					36,540		18,254
	Charged to the profit and loss account					(3,969)		18,286
						32,571		36,540


10	Other information

	HARBEST LOCUMS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	2 Spring Court Road
	Enfield
	Middlesex
	EN2 8JP