Hartfields (Sussex) Limited Filleted accounts for Companies House (small and micro)

HARTFIELDS (SUSSEX) LTD - Company Information

32 false false false false false false false false false true false false false false false false No description of principal activity 2022-08-01 Sage Accounts Production Advanced 2021 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 04838672 2022-08-01 2023-07-31 04838672 2023-07-31 04838672 2022-07-31 04838672 2021-08-01 2022-07-31 04838672 2022-07-31 04838672 core:LandBuildings core:LongLeaseholdAssets 2022-08-01 2023-07-31 04838672 core:FurnitureFittings 2022-08-01 2023-07-31 04838672 bus:Director1 2022-08-01 2023-07-31 04838672 core:LandBuildings 2022-07-31 04838672 core:FurnitureFittings 2022-07-31 04838672 core:LandBuildings 2023-07-31 04838672 core:FurnitureFittings 2023-07-31 04838672 core:MotorVehicles 2023-07-31 04838672 core:LandBuildings 2022-08-01 2023-07-31 04838672 core:MotorVehicles 2022-08-01 2023-07-31 04838672 core:AfterOneYear 2023-07-31 04838672 core:AfterOneYear 2022-07-31 04838672 core:WithinOneYear 2023-07-31 04838672 core:WithinOneYear 2022-07-31 04838672 core:ShareCapital 2023-07-31 04838672 core:ShareCapital 2022-07-31 04838672 core:RetainedEarningsAccumulatedLosses 2023-07-31 04838672 core:RetainedEarningsAccumulatedLosses 2022-07-31 04838672 core:LandBuildings 2022-07-31 04838672 core:FurnitureFittings 2022-07-31 04838672 bus:Director1 2022-07-31 04838672 bus:Director1 2023-07-31 04838672 bus:Director1 2021-07-31 04838672 bus:Director1 2022-07-31 04838672 bus:Director1 2021-08-01 2022-07-31 04838672 bus:SmallEntities 2022-08-01 2023-07-31 04838672 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 04838672 bus:FullAccounts 2022-08-01 2023-07-31 04838672 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 04838672 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 04838672 core:FurnitureFittingsToolsEquipment 2022-08-01 2023-07-31 04838672 core:FurnitureFittingsToolsEquipment 2022-07-31 04838672 core:FurnitureFittingsToolsEquipment 2023-07-31

COMPANY REGISTRATION NUMBER: 04838672

Hartfields (Sussex) Limited

Filleted Unaudited Financial Statements

31 July 2023

Hartfields (Sussex) Limited

Statement of Financial Position

31 July 2023

	2023		2022
Note	£	£	£

Fixed assets

Tangible assets	5		139,115	124,217

Current assets

Stocks		35,150	22,250
Debtors	6	10,601	1,542
Cash at bank and in hand		35,423	95,060
		--------	---------
		81,174	118,852

Creditors: amounts falling due within one year	7	117,375		102,950
		---------		---------
Net current (liabilities)/assets			( 36,201)	15,902
			---------	---------
Total assets less current liabilities			102,914	140,119

Creditors: amounts falling due after more than one year	8	95,652	126,591
		---------	---------
Net assets		7,262	13,528
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	7,162	13,428
	-------	--------
Shareholders funds	7,262	13,528
	-------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Hartfields (Sussex) Limited

Statement of Financial Position (continued)

31 July 2023

These financial statements were approved by the board of directors and authorised for issue on 13 December 2023 , and are signed on behalf of the board by:

J Hartfield
Director

Company registration number: 04838672

Hartfields (Sussex) Limited

Notes to the Financial Statements

Year ended 31 July 2023

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sportsman Farm, St Michaels, Tenterden, Kent, TN30 6SY.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold Property	-	6% straight line
Fixtures & Fittings	-	15% reducing balance
Equipment	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 32 (2022: 32 ).

5. Tangible assets

	Land and buildings	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 August 2022	7,142	212,646	–	56,296	276,084
Additions	–	6,232	24,009	10,500	40,741
	-------	---------	--------	--------	---------
At 31 July 2023	7,142	218,878	24,009	66,796	316,825
	-------	---------	--------	--------	---------
Depreciation
At 1 August 2022	2,597	110,458	–	38,812	151,867
Charge for the year	459	16,263	4,750	4,371	25,843
	-------	---------	--------	--------	---------
At 31 July 2023	3,056	126,721	4,750	43,183	177,710
	-------	---------	--------	--------	---------
Carrying amount
At 31 July 2023	4,086	92,157	19,259	23,613	139,115
	-------	---------	--------	--------	---------
At 31 July 2022	4,545	102,188	–	17,484	124,217
	-------	---------	--------	--------	---------

6. Debtors

	2023	2022
	£	£
Trade debtors	2,481	1,542
Other debtors	8,120	–
	--------	-------
	10,601	1,542
	--------	-------

7. Creditors: amounts falling due within one year

	2023	2022
	£	£
Trade creditors	38,737	29,067
Social security and other taxes	29,119	34,645
Other creditors	49,519	39,238
	---------	---------
	117,375	102,950
	---------	---------

8. Creditors: amounts falling due after more than one year

	2023	2022
	£	£
Bank loans and overdrafts	79,012	126,591
Other creditors	16,640	–
	--------	---------
	95,652	126,591
	--------	---------

9. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2023
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
J Hartfield	( 15,878)	( 1,511)	( 17,389)
	--------	-------	--------

	2022
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
J Hartfield	( 15,091)	( 787)	( 15,878)
	--------	----	--------