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DEREK HARPER FOUNDRIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023






DEREK HARPER FOUNDRIES LIMITED (REGISTERED NUMBER: 05686188)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DEREK HARPER FOUNDRIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: M A Harris
Mrs C M Harris





SECRETARY: Mrs C M Harris





REGISTERED OFFICE: New Works Road
Low Moor
Bradford
West Yorkshire
BD12 0QN





REGISTERED NUMBER: 05686188 (England and Wales)





ACCOUNTANTS: Wilkinson and Partners
Chartered Accountants
Fairfax House
6a Mill Field Road
Cottingley Business Park
Bradford
West Yorkshire
BD16 1PY

DEREK HARPER FOUNDRIES LIMITED (REGISTERED NUMBER: 05686188)

BALANCE SHEET
31 JANUARY 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 77,448 22,759

CURRENT ASSETS
Stocks 165,522 139,626
Debtors 5 556,470 1,068,356
Cash at bank 1,835,505 1,244,615
2,557,497 2,452,597
CREDITORS
Amounts falling due within one year 6 275,361 305,596
NET CURRENT ASSETS 2,282,136 2,147,001
TOTAL ASSETS LESS CURRENT LIABILITIES 2,359,584 2,169,760

PROVISIONS FOR LIABILITIES 7 8,447 3,908
NET ASSETS 2,351,137 2,165,852

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 2,350,937 2,165,652
SHAREHOLDERS' FUNDS 2,351,137 2,165,852

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

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

DEREK HARPER FOUNDRIES LIMITED (REGISTERED NUMBER: 05686188)

BALANCE SHEET - continued
31 JANUARY 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2023 and were signed on its behalf by:





M A Harris - Director


DEREK HARPER FOUNDRIES LIMITED (REGISTERED NUMBER: 05686188)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023


1. STATUTORY INFORMATION

Derek Harper Foundries 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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 Statement of Income and Retained Earnings, 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.

DEREK HARPER FOUNDRIES LIMITED (REGISTERED NUMBER: 05686188)

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


2. ACCOUNTING POLICIES - continued

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 16 (2022 - 14 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 February 2022 - 139,442 8,202
Additions 36,068 22,291 -
Disposals - - -
At 31 January 2023 36,068 161,733 8,202
DEPRECIATION
At 1 February 2022 - 130,007 7,862
Charge for year 7,214 7,932 85
Eliminated on disposal - - -
At 31 January 2023 7,214 137,939 7,947
NET BOOK VALUE
At 31 January 2023 28,854 23,794 255
At 31 January 2022 - 9,435 340

DEREK HARPER FOUNDRIES LIMITED (REGISTERED NUMBER: 05686188)

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


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2022 20,095 8,736 176,475
Additions 17,077 1,562 76,998
Disposals (6,100 ) - (6,100 )
At 31 January 2023 31,072 10,298 247,373
DEPRECIATION
At 1 February 2022 8,543 7,304 153,716
Charge for year 4,160 988 20,379
Eliminated on disposal (4,170 ) - (4,170 )
At 31 January 2023 8,533 8,292 169,925
NET BOOK VALUE
At 31 January 2023 22,539 2,006 77,448
At 31 January 2022 11,552 1,432 22,759

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 427,762 488,200
Other debtors 425 -
Directors' current accounts 92,688 573,325
Tax 29,031 -
Prepayments 6,564 6,831
556,470 1,068,356

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors 168,074 180,233
Tax 62,238 88,914
Social security and other taxes 7,671 7,759
VAT 34,414 26,210
Other creditors 732 318
Accrued expenses 2,232 2,162
275,361 305,596

The directors' loan account is interest free and repayable on demand.

DEREK HARPER FOUNDRIES LIMITED (REGISTERED NUMBER: 05686188)

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


7. PROVISIONS FOR LIABILITIES
31.1.23 31.1.22
£    £   
Deferred tax 8,447 3,908

Deferred
tax
£   
Balance at 1 February 2022 3,908
Accelerated capital allowances 4,539
Balance at 31 January 2023 8,447

The entire provision for deferred taxation is in relation to accelerated capital allowances.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
100 Ordinary £1.00 100 100
100 Ordinary class B £1.00 100 100
200 200

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2023 and 31 January 2022:

31.1.23 31.1.22
£    £   
M A Harris and Mrs C M Harris
Balance outstanding at start of year 573,325 (27 )
Amounts advanced 98,104 689,000
Amounts repaid (578,741 ) (115,648 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 92,688 573,325

The directors' loan is interest free and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The controlling party is M A Harris.