Hardens Ltd - Accounts to registrar (filleted) - small 23.1.2

Hardens Ltd - Accounts to registrar (filleted) - small 23.1.2

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 2022






HARDENS LTD (REGISTERED NUMBER: 03930364)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


HARDENS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2022







DIRECTOR: 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 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 22,503 24,028
Tangible assets 5 - -
22,503 24,028

CURRENT ASSETS
Stocks 4,000 4,000
Debtors 268,338 252,147
Cash at bank 52,593 6,848
324,931 262,995
CREDITORS
Amounts falling due within one year 1,002,194 900,073
NET CURRENT LIABILITIES (677,263 ) (637,078 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(654,760
)
(613,050
)

CAPITAL AND RESERVES
Called up share capital 26,946 26,946
Share premium 246,737 246,737
Retained earnings (928,443 ) (886,733 )
SHAREHOLDERS' FUNDS (654,760 ) (613,050 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 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

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HARDENS LTD (REGISTERED NUMBER: 03930364)

ABRIDGED BALANCE SHEET - continued
30 SEPTEMBER 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2022 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 and authorised for issue on 13 June 2023 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 2022


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
At the balance sheet date the company has a deficiency of assets of £654,760 (2021: 613,050). The Director 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 - Straight line over 3 years

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.


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HARDENS LTD (REGISTERED NUMBER: 03930364)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2022


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 3 (2021 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2021
and 30 September 2022 30,500
AMORTISATION
At 1 October 2021 6,472
Amortisation for year 1,525
At 30 September 2022 7,997
NET BOOK VALUE

At 30 September 2022 22,503
At 30 September 2021 24,028

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HARDENS LTD (REGISTERED NUMBER: 03930364)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2022


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2021
and 30 September 2022 17,273
DEPRECIATION
At 1 October 2021
and 30 September 2022 17,273
NET BOOK VALUE
At 30 September 2022 -
At 30 September 2021 -

6. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Other loans 957,975 861,975

7. RELATED PARTY DISCLOSURES

Included in other creditors is £226 (2021: £226) owed to the Director, P W M Harden. The loan is interest free and has no formal repayment terms.

8. GOVERNMENT ASSISTANCE

During the year the company has received £0 grant income under HM Government Coronavirus Job Retention Scheme (2021: £9,955). Amounts recognised are included in Grant Income.

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