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Registered number: 05914734
R J Hartwell Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Grenfell James Associates Limited
13 The Courtyard
Timothy's Bridge Road
Stratford-upon-Avon
Warwickshire
CV37 9NP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05914734
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 15,000 15,000
Tangible Assets 5 342,938 387,831
357,938 402,831
CURRENT ASSETS
Stocks 6 20,158 129,972
Debtors 7 192,046 285,752
Cash at bank and in hand 11,091 33,023
223,295 448,747
Creditors: Amounts Falling Due Within One Year 8 (336,576 ) (447,409 )
NET CURRENT ASSETS (LIABILITIES) (113,281 ) 1,338
TOTAL ASSETS LESS CURRENT LIABILITIES 244,657 404,169
Creditors: Amounts Falling Due After More Than One Year 9 (34,803 ) (129,262 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (65,158 ) (73,688 )
NET ASSETS 144,696 201,219
CAPITAL AND RESERVES
Called up share capital 6 6
Other reserves 4 4
Profit and Loss Account 144,686 201,209
SHAREHOLDERS' FUNDS 144,696 201,219
Page 1
Page 2
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr R J Hartwell
Director
25/11/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
R J Hartwell Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05914734 . The registered office is 13 The Courtyard Timothy's Bridge Road, Stratford Upon Avon, Warwickshire, CV37 9NP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
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.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 33% on cost
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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2.7. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 10)
3 10
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4. Intangible Assets
Goodwill
£
Cost
As at 30 August 2023 15,000
As at 31 August 2024 15,000
Net Book Value
As at 31 August 2024 15,000
As at 30 August 2023 15,000
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 30 August 2023 684,458 445,627 5,196 13,522 1,148,803
Additions 74,720 - 489 - 75,209
Disposals (77,030 ) (21,758 ) - - (98,788 )
As at 31 August 2024 682,148 423,869 5,685 13,522 1,125,224
Depreciation
As at 30 August 2023 482,234 261,125 4,112 13,501 760,972
Provided during the period 46,453 43,130 383 20 89,986
Disposals (58,898 ) (9,774 ) - - (68,672 )
As at 31 August 2024 469,789 294,481 4,495 13,521 782,286
Net Book Value
As at 31 August 2024 212,359 129,388 1,190 1 342,938
As at 30 August 2023 202,224 184,502 1,084 21 387,831
6. Stocks
2024 2023
£ £
Stock 8,800 8,800
Work in progress 11,358 121,172
20,158 129,972
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 137,768 133,620
Other debtors 2,515 50,369
140,283 183,989
Due after more than one year
Amounts owed by participating interests 51,763 101,763
192,046 285,752
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 66,927 82,159
Trade creditors 64,836 179,579
Bank loans and overdrafts 75,033 108,768
Other creditors 64,934 40,794
Taxation and social security 64,846 36,109
336,576 447,409
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 34,803 51,576
Bank loans - 77,686
34,803 129,262
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 66,927 82,159
Later than one year and not later than five years 34,803 51,576
101,730 133,735
101,730 133,735
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