Hardens Ltd - Accounts to registrar (filleted) - small 18.2

Hardens Ltd - Accounts to registrar (filleted) - small 18.2

HARDEN'S LIMITED - Company Information

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REGISTERED NUMBER: 03930364 (England and Wales)















HARDENS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2018






HARDENS LTD (REGISTERED NUMBER: 03930364)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2018










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


HARDENS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2018







DIRECTOR: P W M Harden





SECRETARY: P W M Harden





REGISTERED OFFICE: Sherrards Solicitors
1-3 Pemberton Row
London
EC4A 3BG





REGISTERED NUMBER: 03930364 (England and Wales)





Page 1
HARDENS LTD (REGISTERED NUMBER: 03930364)

ABRIDGED BALANCE SHEET
30 SEPTEMBER 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 28,603 7,328
Tangible assets 5 228 395
28,831 7,723

CURRENT ASSETS
Stocks 6,000 8,015
Debtors 79,825 23,364
Cash at bank and in hand 27,409 53,042
113,234 84,421
CREDITORS
Amounts falling due within one year 568,982 463,692
NET CURRENT LIABILITIES (455,748 ) (379,271 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(426,917
)
(371,548
)

CAPITAL AND RESERVES
Called up share capital 26,946 26,946
Share premium 246,737 246,737
Retained earnings (700,600 ) (645,231 )
SHAREHOLDERS' FUNDS (426,917 ) (371,548 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these financial statements

Page 2 continued...
HARDENS LTD (REGISTERED NUMBER: 03930364)

ABRIDGED BALANCE SHEET - continued
30 SEPTEMBER 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 19 February 2019 and were signed by:





P W M Harden - Director


The notes form part of these financial statements

Page 3
HARDENS LTD (REGISTERED NUMBER: 03930364)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2018


1. STATUTORY INFORMATION

Hardens Ltd is a private company, limited by shares , registered in England and Wales. The company's registered
number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
As at 30th September 2018 the company has a deficiency of assets of £426,917. The directors consider it
appropriate to prepare the accounts on the going concern basis in view of the continuing support of the
company's principal creditor.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party
transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

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 twenty years.

Computer software is being amortised evenly over their estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

Taxation
Taxation for the year 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.


Page 4 continued...
HARDENS LTD (REGISTERED NUMBER: 03930364)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2018


2. ACCOUNTING POLICIES - continued
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 year 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.

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 year was 5 (2017 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2017 8,500
Additions 22,000
At 30 September 2018 30,500
AMORTISATION
At 1 October 2017 1,172
Amortisation for year 725
At 30 September 2018 1,897
NET BOOK VALUE

At 30 September 2018 28,603
At 30 September 2017 7,328

Page 5 continued...
HARDENS LTD (REGISTERED NUMBER: 03930364)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2018


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2017 17,335
Additions 342
At 30 September 2018 17,677
DEPRECIATION
At 1 October 2017 16,940
Charge for year 509
At 30 September 2018 17,449
NET BOOK VALUE
At 30 September 2018 228
At 30 September 2017 395

6. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Other loans 527,975 388,000

7. RELATED PARTY DISCLOSURES

Included in other creditors is £226 (2017: £226) owed to the Director, P W M Harden. The loan is interest free
and has no formal repayment terms.

Page 6