REGISTERED NUMBER: 07227311 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 FEBRUARY 2025 TO 31 JULY 2026

FOR

HOLGARD LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs D Thompson

Mr G L Thompson

REGISTERED OFFICE:

Beckside Court

Annie Reed Road

Beverley

East Yorkshire

HU17 0LF

REGISTERED NUMBER:

07227311 (England and Wales)

ACCOUNTANTS:

Sowerby

Chartered Accountants

Beckside Court

Annie Reed Road

Beverley

East Yorkshire

HU17 0LF

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

-

10,316

-

10,316

CURRENT ASSETS

Stocks

-

102,655

Debtors

6

2,701

3,588

Cash at bank and in hand

511,253

184,691

513,954

290,934

CREDITORS

Amounts falling due within one year

7

513,956

156,413

NET CURRENT (LIABILITIES)/ASSETS

(2

)

134,521

TOTAL ASSETS LESS CURRENT LIABILITIES

(2

)

144,837

CREDITORS

Amounts falling due after more than one year

8

-

(7,411

)

PROVISIONS FOR LIABILITIES

-

(2,579

)

NET (LIABILITIES)/ASSETS

(2

)

134,847

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(1,002

)

133,847

SHAREHOLDERS' FUNDS

(2

)

134,847

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2026 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2026 and were signed on its behalf by:

Mr G L Thompson - Director

1.	STATUTORY INFORMATION

Holgard Limited is a private company, limited by shares, incorporated and domiciled in England. Its registered number is 07227311 and its registered office is Beckside Court, Annie Reed Road, Beverley, East Yorkshire, HU17 0LF. Its principal places of business are 6 High Street, Oldham, OL1 1JA and Stamford Quarter, 18 George Street, Altrincham, WA14 1SF.

The financial statements are presented in Sterling, which is the functional currency of the company and cover the individual entity only.

The principal activity of the company is the retail of home entertainment equipment.

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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover

Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Sales are recognised at the point which the company has fulfilled its contractual obligations and the risks and rewards attached to the product, have been transferred to the customer.

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.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

over the period of the lease

Plant and machinery etc

-

33.3% on cost, 25% on cost, 20% on cost and over the period of the lease

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Stock is calculated on the first in first out basis.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 18 (2025 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 February 2025

30,000

Disposals

(30,000

)

At 31 July 2026

-

AMORTISATION

At 1 February 2025

30,000

Eliminated on disposal

(30,000

)

At 31 July 2026

-

NET BOOK VALUE

At 31 July 2026

-

At 31 January 2025

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 February 2025

30,172

273,964

304,136

Additions

-

55,945

55,945

Disposals

(30,172

)

(329,910

)

(360,082

)

At 31 July 2026

-

(1

)

(1

)

DEPRECIATION

At 1 February 2025

30,172

263,648

293,820

Charge for period

-

18,973

18,973

Eliminated on disposal

(30,172

)

(282,622

)

(312,794

)

At 31 July 2026

-

(1

)

(1

)

NET BOOK VALUE

At 31 July 2026

-

-

-

At 31 January 2025

-

10,316

10,316

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and

machinery

etc

£

COST

Additions

55,945

Disposals

(55,945

)

At 31 July 2026

-

DEPRECIATION

Charge for period

15,152

Eliminated on disposal

(15,152

)

At 31 July 2026

-

NET BOOK VALUE

At 31 July 2026

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

2,701

3,588

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

3,082

8,333

Trade creditors

430,837

38,656

Taxation and social security

-

98,159

Other creditors

80,037

11,265

513,956

156,413

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

7,411

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end, the director, Mrs D Thompson was owed £57,957 by the company (2025: £266) and Mr GL Thompson was owed £22,078 (2025: £105). The amount is repayable on demand and does not attract interest.