The Harlech Grocer Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12954832

THE HARLECH GROCER LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 October 2025

THE HARLECH GROCER LIMITED

STATEMENT OF FINANCIAL POSITION

31 October 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	16,646	48,829

Current assets

Stocks		32,546	38,195
Debtors	6	4,234	4,065
Cash at bank and in hand		5,916	5,704
		--------	--------
		42,696	47,964

Creditors: amounts falling due within one year	7	93,616	117,950
		--------	---------
Net current liabilities		50,920	69,986
		--------	--------
Total assets less current liabilities		( 34,274)	( 21,157)

Creditors: amounts falling due after more than one year	8	31,786	54,895
		--------	--------
Net liabilities		( 66,060)	( 76,052)
		--------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 66,160)	( 76,152)
	--------	--------
Shareholders deficit	( 66,060)	( 76,052)
	--------	--------

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 comprehensive income has not been delivered.

For the year ending 31 October 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 .

THE HARLECH GROCER LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 October 2025

These financial statements were approved by the board of directors and authorised for issue on 30 April 2026 , and are signed on behalf of the board by:

Mr G Stevenson

Director

Company registration number: 12954832

THE HARLECH GROCER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 OCTOBER 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Cambrian House, High Street, Harlech, LL46 2YA.

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. Going concern The directors have reviewed a period of 12 months from the date of approval of these financial statements and have confirmed their willingness to retain their loans in the company to enable it to meet all its liabilities as they fall due. As a result it is appropriate to prepare these accounts on a going concern basis. 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 the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated 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:

Long leasehold property	-	over a period of 7 years
Fixtures and fittings	-	over a period of 5 years
Motor vehicles	-	over a period of 5 years

Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

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.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 8 (2024: 8 ).

5. Tangible assets

	Long leasehold property	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 1 November 2024	28,146	16,043	36,875	81,064
Disposals	–	–	( 36,875)	( 36,875)
	--------	--------	--------	--------
At 31 October 2025	28,146	16,043	–	44,189
	--------	--------	--------	--------
Depreciation
At 1 November 2024	11,253	9,283	11,699	32,235
Charge for the year	4,021	2,986	4,284	11,291
Disposals	–	–	( 15,983)	( 15,983)
	--------	--------	--------	--------
At 31 October 2025	15,274	12,269	–	27,543
	--------	--------	--------	--------
Carrying amount
At 31 October 2025	12,872	3,774	–	16,646
	--------	--------	--------	--------
At 31 October 2024	16,893	6,760	25,176	48,829
	--------	--------	--------	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	2,694	2,748
Other debtors	1,540	1,317
	-------	-------
	4,234	4,065
	-------	-------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	16,626	4,231
Trade creditors	33,156	33,074
Social security and other taxes	2,135	783
Other creditors	41,699	79,862
	--------	---------
	93,616	117,950
	--------	---------

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

	2025	2024
	£	£
Bank loans and overdrafts	31,786	36,413
Other creditors	–	18,482
	--------	--------
	31,786	54,895
	--------	--------

Included within creditors: amounts falling due after more than one year is an amount of £8,157 (2024: £15,140) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

9. Directors' advances, credits and guarantees

There were no directors' advances, credits or guarantees during the year.