HART'S FOOD & EVENTS LTD

HART'S FOOD & EVENTS LTD

HART'S FOOD & EVENTS LTD - Company Information

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HART'S FOOD & EVENTS LTD

Company Registration Number:
08270467 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2021

Period of accounts

Start date: 01 November 2019

End date: 30 April 2021

HART'S FOOD & EVENTS LTD

Contents of the Financial Statements

for the Period Ended 30 April 2021

Balance sheet
Notes

HART'S FOOD & EVENTS LTD

Balance sheet

As at 30 April 2021


Notes
18 months to 30 April 2021
2019


£
£
Fixed assets
Tangible assets: 3 7,006 10,459
Total fixed assets: 7,006 10,459
Current assets
Debtors: 4 45,092 25,797
Cash at bank and in hand: 11 16,620
Total current assets: 45,103 42,417
Creditors: amounts falling due within one year: 5 (29,206) (47,402)
Net current assets (liabilities): 15,897 (4,985)
Total assets less current liabilities: 22,903 5,474
Creditors: amounts falling due after more than one year: 6 (20,000) (3,257)
Provision for liabilities: (1,331) (1,987)
Total net assets (liabilities): 1,572 230
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,472 130
Shareholders funds: 1,572 230

The notes form part of these financial statements

HART'S FOOD & EVENTS LTD

Balance sheet statements

For the year ending 30 April 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 February 2022
and signed on behalf of the board by:

Name: Mr C Hart
Status: Director

The notes form part of these financial statements

HART'S FOOD & EVENTS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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

Tangible fixed assets and depreciation policy

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 shorter.Fixtures & fittings - 15% on reducing balanceMotor vehicles - 25% on reducing balanceComputer equipment - 33% on cost

Intangible fixed assets and amortisation policy

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.

Other accounting policies

TaxationTaxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except the 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 TaxDeferred 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 period different from those in which they are recognised in the 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 commitmentsAssets 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 shorter.The interest element of these obiligations is charged to profit and loss over the relevant period. The capital element of the future payments is treated as a liability. 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.

HART'S FOOD & EVENTS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2021

2. Employees

18 months to 30 April 2021 2019
Average number of employees during the period 7 11

HART'S FOOD & EVENTS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2021

3. Tangible Assets

Total
Cost £
At 01 November 2019 21,924
At 30 April 2021 21,924
Depreciation
At 01 November 2019 11,465
Charge for year 3,453
At 30 April 2021 14,918
Net book value
At 30 April 2021 7,006
At 31 October 2019 10,459

HART'S FOOD & EVENTS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2021

4. Debtors

18 months to 30 April 2021 2019
££
Debtors due after more than one year: 8,629 0

During the year the company guaranteed the Section 445 liability as a loan to the Directors in the sum of £4,075 (2019 : Nil) for Mr C Hart and £4,194 (2019 : Nil) for Mrs S E Reeves-Hart.

HART'S FOOD & EVENTS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2021

5. Creditors: amounts falling due within one year note

Bank loans and overdrafts £255Trade creditors £6,553Taxation and social security £20,922Other creditors £1,476

HART'S FOOD & EVENTS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2021

6. Creditors: amounts falling due after more than one year note

Bounce Back Bank loan £20,000

HART'S FOOD & EVENTS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2021

7. Loans to directors

Name of director receiving advance or credit: Mr C Hart
Description of the loan: The transaction was a loan of cash
£
Balance at 01 November 2019 12,537
Advances or credits made: 8,868
Advances or credits repaid: 3,821
Balance at 30 April 2021 17,584
Name of director receiving advance or credit: Mrs S Reeves-Hart
Description of the loan: The transaction was a loan of cash
£
Balance at 01 November 2019 12,906
Advances or credits made: 9,907
Advances or credits repaid: 3,572
Balance at 30 April 2021 19,241