Dealhart Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 04369328 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Dealhart Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J Sieff

L J Sieff

S N Sieff

SECRETARY:

L J Sieff

REGISTERED OFFICE:

Tg Associates, 7 Jardine House Harrovian

Business Villallage,

Bessborough Road

Harrow

Middlesex

HA1 3EX

REGISTERED NUMBER:

04369328 (England and Wales)

ACCOUNTANTS:

Chandler and Partners Limited T/A

Matthew Squire & Company

5 Moor Street

Worcester

Worcestershire

WR1 3DB

FIXED ASSETS

Investments

4

235,340

235,340

CURRENT ASSETS

Stocks

3,204,110

2,566,460

Debtors

5

909,349

1,027,386

Cash at bank

17,656

40,234

4,131,115

3,634,080

CREDITORS

Amounts falling due within one year

6

(710,129

)

(309,508

)

NET CURRENT ASSETS

3,420,986

3,324,572

TOTAL ASSETS LESS CURRENT LIABILITIES

3,656,326

3,559,912

CREDITORS

Amounts falling due after more than one year

7

(3,000,000

)

(2,930,000

)

NET ASSETS

656,326

629,912

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

655,326

628,912

656,326

629,912

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 15 November 2023 and were signed on its behalf by:

L J Sieff - Director

1.	STATUTORY INFORMATION

Dealhart 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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2022

and 31 March 2023

235,340

NET BOOK VALUE

At 31 March 2023

235,340

At 31 March 2022

235,340

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade debtors

909,349

1,027,386

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade creditors

685,301

271,555

Tax

6,196

6,334

Directors' current accounts

5,119

5,829

Accruals and deferred income

13,513

25,790

710,129

309,508

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.23

31.3.22

£

£

Bank loans - 2-5 years

3,000,000

2,930,000