Hartan Limited - Accounts to registrar (filleted) - small 18.2

Hartan Limited - Accounts to registrar (filleted) - small 18.2

HARTAN LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v21.1.0.652 04083020 Board of Directors Board of Directors 1.1.20 31.12.20 31.12.20 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure040830202019-12-31040830202020-12-31040830202020-01-012020-12-31040830202018-12-31040830202019-01-012019-12-31040830202019-12-3104083020ns16:EnglandWales2020-01-012020-12-3104083020ns15:PoundSterling2020-01-012020-12-3104083020ns11:Director12020-01-012020-12-3104083020ns11:Director22020-01-012020-12-3104083020ns11:PrivateLimitedCompanyLtd2020-01-012020-12-3104083020ns11:SmallEntities2020-01-012020-12-3104083020ns11:AuditExempt-NoAccountantsReport2020-01-012020-12-3104083020ns11:SmallCompaniesRegimeForDirectorsReport2020-01-012020-12-3104083020ns11:SmallCompaniesRegimeForAccounts2020-01-012020-12-3104083020ns11:AbridgedAccounts2020-01-012020-12-310408302012020-01-012020-12-3104083020ns11:CompanySecretary12020-01-012020-12-3104083020ns11:RegisteredOffice2020-01-012020-12-3104083020ns6:CurrentFinancialInstruments2020-12-3104083020ns6:CurrentFinancialInstruments2019-12-3104083020ns6:Non-currentFinancialInstruments2020-12-3104083020ns6:Non-currentFinancialInstruments2019-12-3104083020ns6:ShareCapital2020-12-3104083020ns6:ShareCapital2019-12-3104083020ns6:RetainedEarningsAccumulatedLosses2020-12-3104083020ns6:RetainedEarningsAccumulatedLosses2019-12-3104083020ns6:NetGoodwill2020-01-012020-12-3104083020ns6:IntangibleAssetsOtherThanGoodwill2020-01-012020-12-3104083020ns6:LeaseholdImprovements2020-01-012020-12-3104083020ns6:PlantMachinery2020-01-012020-12-3104083020ns6:FurnitureFittings2020-01-012020-12-3104083020ns6:MotorVehicles2020-01-012020-12-3104083020ns6:Secured2020-12-3104083020ns6:Secured2019-12-31
REGISTERED NUMBER: 04083020 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020

FOR

HARTAN LIMITED
HARTAN LIMITED (REGISTERED NUMBER: 04083020)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2020




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


HARTAN LIMITED


COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2020







DIRECTORS: R Harris
N C Barlow





SECRETARY: N C Barlow





REGISTERED OFFICE: 1st Floor
49 High Street
Hucknall
Nottinghamshire
NG15 7AW





REGISTERED NUMBER: 04083020 (England and Wales)





ACCOUNTANTS: Elkingtons Accountants Limited
First Floor
49 High Street
Hucknall
Nottinghamshire
NG15 7AW
Page 1
HARTAN LIMITED (REGISTERED NUMBER: 04083020)


ABRIDGED BALANCE SHEET
31ST DECEMBER 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 302,977 320,818
302,977 320,818

CURRENT ASSETS
Stocks 66,727 84,994
Debtors 867,013 1,238,539
Cash in hand 434 291
934,174 1,323,824
CREDITORS
Amounts falling due within one year 951,816 1,281,555
NET CURRENT (LIABILITIES)/ASSETS (17,642 ) 42,269
TOTAL ASSETS LESS CURRENT
LIABILITIES
285,335
363,087

CREDITORS
Amounts falling due after more than one year (79,609 ) (81,542 )

PROVISIONS FOR LIABILITIES (38,326 ) (52,899 )
NET ASSETS 167,400 228,646

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 167,397 228,643
SHAREHOLDERS' FUNDS 167,400 228,646

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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...
HARTAN LIMITED (REGISTERED NUMBER: 04083020)


ABRIDGED BALANCE SHEET - continued
31ST DECEMBER 2020


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 31st December 2020 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 Board of Directors and authorised for issue on 12th April 2021 and were signed on its behalf by:




R Harris - Director



N C Barlow - Director


The notes form part of these financial statements

Page 3
HARTAN LIMITED (REGISTERED NUMBER: 04083020)


NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2020

1. STATUTORY INFORMATION

Hartan Limited 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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax. The Companies contractual obligations are performed gradually over time and revenue is recognised as activity progresses to reflect the Companies partial performance of its contractual obligations.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a businesses in 2005, 2008 and 2009 is being amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets
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 the shorter.
Improvements to property - 33% on cost and 10% on cost
Plant and machinery - 33% on cost, 20% on reducing balance and 15% on reducing balance
Fixtures and fittings - 33% on cost and 20% on reducing balance
Motor vehicles - 33% on cost and 25% on reducing balance

Stocks
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 items.

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...
HARTAN LIMITED (REGISTERED NUMBER: 04083020)


NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2020

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.

Hire purchase and leasing commitments
Assets 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 the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 32 (2019 - 30 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st January 2020
and 31st December 2020 24,039
AMORTISATION
At 1st January 2020
and 31st December 2020 24,039
NET BOOK VALUE

At 31st December 2020 -
At 31st December 2019 -

Page 5 continued...
HARTAN LIMITED (REGISTERED NUMBER: 04083020)


NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2020

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st January 2020 1,070,652
Additions 59,514
Disposals (16,230 )
At 31st December 2020 1,113,936
DEPRECIATION
At 1st January 2020 749,834
Charge for year 77,097
Eliminated on disposal (15,972 )
At 31st December 2020 810,959
NET BOOK VALUE
At 31st December 2020 302,977
At 31st December 2019 320,818

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1st January 2020
and 31st December 2020 202,629
DEPRECIATION
At 1st January 2020
and 31st December 2020 103,127
NET BOOK VALUE
At 31st December 2020 99,502
At 31st December 2019 99,502

6. SECURED DEBTS

The following secured debts are included within creditors:

2020 2019
£    £   
Bank overdrafts 101,469 398,467

A debenture was signed to secure all liabilities to National Westminster Bank PLC. This includes a cross company unlimited guarantee between GW1114 Limited, Hartan Limited, Midland Restorations (UK) Limited, and Midlands Response Limited.

Page 6 continued...
HARTAN LIMITED (REGISTERED NUMBER: 04083020)


NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2020

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company occupies premises owned in part by the directors. Mr R Harris and Mr N Barlow share a one third stake in the property which entitles them to £11,000 of rental income, all of which had been paid by the balance sheet date.

8. CONTROLLING PARTY INTEREST

The directors, Mr R Harris and Mr N Barlow, each own a 50% interest in the equity of GW 1114 Limited.

Page 7