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REGISTERED NUMBER: 07473039 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

A.R. HARRIS BUILDING CONTRACTORS LTD

A.R. HARRIS BUILDING CONTRACTORS LTD (REGISTERED NUMBER: 07473039)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A.R. HARRIS BUILDING CONTRACTORS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: Mr A R Harris
Mrs A D Harris





REGISTERED OFFICE: The Hazels
Broad Lane
Elm
Wisbech
Cambridgeshire
PE14 0DZ





REGISTERED NUMBER: 07473039 (England and Wales)





ACCOUNTANT: Andrew Youles F.C.A.
Chartered Accountant
20 Kingswood Road
March
Cambridgeshire
PE15 9RT

A.R. HARRIS BUILDING CONTRACTORS LTD (REGISTERED NUMBER: 07473039)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 67,371 34,735

CURRENT ASSETS
Stocks 34,836 53,523
Debtors 5 22,686 3,116
Cash at bank 48,226 49,039
105,748 105,678
CREDITORS
Amounts falling due within one year 6 27,889 29,115
NET CURRENT ASSETS 77,859 76,563
TOTAL ASSETS LESS CURRENT
LIABILITIES

145,230

111,298

PROVISIONS FOR LIABILITIES 12,800 6,600
NET ASSETS 132,430 104,698

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 132,330 104,598
SHAREHOLDERS' FUNDS 132,430 104,698

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

A.R. HARRIS BUILDING CONTRACTORS LTD (REGISTERED NUMBER: 07473039)

BALANCE SHEET - continued
31 DECEMBER 2021


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 12 September 2022 and were signed on its behalf by:




Mr A R Harris - Director



Mrs A D Harris - Director


A.R. HARRIS BUILDING CONTRACTORS LTD (REGISTERED NUMBER: 07473039)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021


1. STATUTORY INFORMATION

A.R. Harris Building Contractors 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
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 the invoiced amounts of work done, excluding value added tax.

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 equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office & computer equipment - 20% on cost

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.

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 2 (2020 - 2 ) .

A.R. HARRIS BUILDING CONTRACTORS LTD (REGISTERED NUMBER: 07473039)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


4. TANGIBLE FIXED ASSETS
Office &
Plant and Motor computer
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2021 43,941 24,378 1,725 70,044
Additions - 39,380 - 39,380
At 31 December 2021 43,941 63,758 1,725 109,424
DEPRECIATION
At 1 January 2021 15,940 18,433 936 35,309
Charge for year 4,202 2,306 236 6,744
At 31 December 2021 20,142 20,739 1,172 42,053
NET BOOK VALUE
At 31 December 2021 23,799 43,019 553 67,371
At 31 December 2020 28,001 5,945 789 34,735

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 6,729 -
Other debtors 15,957 3,116
22,686 3,116

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 6,140 467
Taxation and social security 2,963 10,471
Other creditors 18,786 18,177
27,889 29,115

7. TRANSACTIONS WITH DIRECTORS

During the year the directors charged the company £600 (2020 - £600) for the business use of their home.

The company paid dividends to the directors in the year amounting to £17,000 (2020 - £34,000).

Included in other creditors falling due within one year is the directors' current account balance with the company amounting to £18,036 (2020 - £17,436). This balance is non-interest bearing and repayable on demand.

8. ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of Mr A R Harris by virtue of his 55% shareholding in the company.