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COMPANY REGISTRATION NUMBER: 11713418
HARRIS & CO INVESTMENT SERVICES LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 December 2021
HARRIS & CO INVESTMENT SERVICES LIMITED
STATEMENT OF FINANCIAL POSITION
31 December 2021
2021
2020
Note
£
£
£
£
FIXED ASSETS
Tangible assets
4
532
CURRENT ASSETS
Debtors
5
1,172
34,322
Cash at bank and in hand
8,056
14,105
-------
--------
9,228
48,427
CREDITORS: amounts falling due within one year
6
( 9,432)
( 45,955)
-------
--------
NET CURRENT (LIABILITIES)/ASSETS
( 204)
2,472
----
-------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 204)
3,004
CREDITORS: amounts falling due after more than one year
7
( 8,500)
----
-------
NET LIABILITIES
( 204)
( 5,496)
----
-------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
( 304)
( 5,596)
----
-------
SHAREHOLDERS DEFICIT
( 204)
( 5,496)
----
-------
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 income statement has not been delivered.
For the year ending 31 December 2021 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 .
HARRIS & CO INVESTMENT SERVICES LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 December 2021
These financial statements were approved by the board of directors and authorised for issue on 12 September 2022 , and are signed on behalf of the board by:
S Harris
Director
Company registration number: 11713418
HARRIS & CO INVESTMENT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2021
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 80 Street Lane, Leeds, LS8 2AL.
2. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The financial statements have also been prepared on the going concern basis.The director considers the going concern basis to be appropriate as he has confirmed his ongoing support.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Income tax
Deferred tax is recognised in respect of all timing differences at the reporting date. losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
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:
Fixtures and fittings
-
25% reducing balance
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
3. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to Nil (2020: 1 ).
4. TANGIBLE ASSETS
Fixtures and fittings
£
Cost
At 1 January 2021
945
Disposals
( 945)
----
At 31 December 2021
----
Depreciation
At 1 January 2021
413
Disposals
( 413)
----
At 31 December 2021
----
Carrying amount
At 31 December 2021
----
At 31 December 2020
532
----
5. DEBTORS
2021
2020
£
£
Trade debtors
15,081
Other debtors
1,172
19,241
-------
--------
1,172
34,322
-------
--------
6. CREDITORS: amounts falling due within one year
2021
2020
£
£
Trade creditors
4,164
Social security and other taxes
13,601
Other creditors
2,006
18,795
Amounts due to a related company
6,326
Other creditors
1,100
9,395
-------
--------
9,432
45,955
-------
--------
7. CREDITORS: amounts falling due after more than one year
2021
2020
£
£
Bank loans and overdrafts
8,500
----
-------