IRIS Accounts Production v23.2.0.158 03116547 director 1.4.22 31.3.23 31.3.23 true false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure031165472022-03-31031165472023-03-31031165472022-04-012023-03-31031165472021-03-31031165472021-04-012022-03-31031165472022-03-3103116547ns16:EnglandWales2022-04-012023-03-3103116547ns15:PoundSterling2022-04-012023-03-3103116547ns11:Director12022-04-012023-03-3103116547ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3103116547ns11:SmallEntities2022-04-012023-03-3103116547ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3103116547ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3103116547ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3103116547ns11:FullAccounts2022-04-012023-03-3103116547ns11:OrdinaryShareClass12022-04-012023-03-3103116547ns6:CurrentFinancialInstruments2023-03-3103116547ns6:CurrentFinancialInstruments2022-03-3103116547ns6:Non-currentFinancialInstruments2023-03-3103116547ns6:Non-currentFinancialInstruments2022-03-3103116547ns6:ShareCapital2023-03-3103116547ns6:ShareCapital2022-03-3103116547ns6:RetainedEarningsAccumulatedLosses2023-03-3103116547ns6:RetainedEarningsAccumulatedLosses2022-03-3103116547ns11:RegisteredOffice2022-04-012023-03-3103116547ns6:LandBuildings2022-03-3103116547ns6:PlantMachinery2022-03-3103116547ns6:FurnitureFittings2022-03-3103116547ns6:LandBuildings2022-04-012023-03-3103116547ns6:PlantMachinery2022-04-012023-03-3103116547ns6:FurnitureFittings2022-04-012023-03-3103116547ns6:LandBuildings2023-03-3103116547ns6:PlantMachinery2023-03-3103116547ns6:FurnitureFittings2023-03-3103116547ns6:LandBuildings2022-03-3103116547ns6:PlantMachinery2022-03-3103116547ns6:FurnitureFittings2022-03-3103116547ns6:MotorVehicles2022-03-3103116547ns6:ComputerEquipment2022-03-3103116547ns6:MotorVehicles2022-04-012023-03-3103116547ns6:ComputerEquipment2022-04-012023-03-3103116547ns6:MotorVehicles2023-03-3103116547ns6:ComputerEquipment2023-03-3103116547ns6:MotorVehicles2022-03-3103116547ns6:ComputerEquipment2022-03-3103116547ns6:CostValuation2022-03-3103116547ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3103116547ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3103116547ns11:OrdinaryShareClass12023-03-31
REGISTERED NUMBER: 03116547 (England and Wales)










HARVEY BURNS & CO. LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023






HARVEY BURNS & CO. LIMITED (REGISTERED NUMBER: 03116547)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023










Page

Balance Sheet 1

Notes to the Financial Statements 2 to 5


HARVEY BURNS & CO. LIMITED (REGISTERED NUMBER: 03116547)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 162,237 173,313
Investments 5 1 1
162,238 173,314

CURRENT ASSETS
Debtors 6 79,919 170,627
Cash at bank and in hand 166,880 129,073
246,799 299,700
CREDITORS
Amounts falling due within one year 7 217,299 207,330
NET CURRENT ASSETS 29,500 92,370
TOTAL ASSETS LESS CURRENT LIABILITIES 191,738 265,684

CREDITORS
Amounts falling due after more than one year 8 - 51,721
NET ASSETS 191,738 213,963

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 191,737 213,962
SHAREHOLDERS' FUNDS 191,738 213,963

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 21st August 2023 and were signed by:



H L Burns - Director


HARVEY BURNS & CO. LIMITED (REGISTERED NUMBER: 03116547)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023


1. STATUTORY INFORMATION

Harvey Burns & Co. Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03116547

Registered office: 3365 Thorpe Park
Leeds
North Yorkshire
LS15 8ZB

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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT. The policies adopted for the recognition of turnover are as follows:
Rendering of services:
When the outcome of a transaction can be estimated reliably, turnover from the services of a Chartered Surveyor and Property Consultancy is recognised by the stage of completion at the balance sheet date.
Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are reasonable.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Freehold property- 3% on cost
Plant and machinery- 20% on reducing balance
Fixtures and fittings- 20% on reducing balance
Motor vehicles- 25% on reducing balance
Computer equipment- 33 1/3% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.


HARVEY BURNS & CO. LIMITED (REGISTERED NUMBER: 03116547)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


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.

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.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at the transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1st April 2022 10,956 120,796 51,160
Additions - 24,642 1,604
At 31st March 2023 10,956 145,438 52,764
DEPRECIATION
At 1st April 2022 657 44,406 27,882
Charge for year 329 15,699 4,977
At 31st March 2023 986 60,105 32,859
NET BOOK VALUE
At 31st March 2023 9,970 85,333 19,905
At 31st March 2022 10,299 76,390 23,278

HARVEY BURNS & CO. LIMITED (REGISTERED NUMBER: 03116547)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st April 2022 86,176 11,394 280,482
Additions - - 26,246
At 31st March 2023 86,176 11,394 306,728
DEPRECIATION
At 1st April 2022 24,609 9,615 107,169
Charge for year 15,392 925 37,322
At 31st March 2023 40,001 10,540 144,491
NET BOOK VALUE
At 31st March 2023 46,175 854 162,237
At 31st March 2022 61,567 1,779 173,313

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st April 2022
and 31st March 2023 1
NET BOOK VALUE
At 31st March 2023 1
At 31st March 2022 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 20,311 8,213
Other debtors 59,608 162,414
79,919 170,627

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 51,721 9,255
Trade creditors 52,399 52,401
Taxation and social security 27,256 16,106
Other creditors 85,923 129,568
217,299 207,330

HARVEY BURNS & CO. LIMITED (REGISTERED NUMBER: 03116547)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 51,721

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 51,721 60,976

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1