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REGISTERED NUMBER: 00880424 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Harleys Corrugated Cases Limited

Harleys Corrugated Cases Limited (Registered number: 00880424)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Harleys Corrugated Cases Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: A P Harley
D R Harley
Mrs A Harley
T H Noon





REGISTERED OFFICE: Lonsdale Road
Thurmaston
Leicester
LE4 8JF





REGISTERED NUMBER: 00880424 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Harleys Corrugated Cases Limited (Registered number: 00880424)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,800 7,200
Tangible assets 5 456,762 409,854
461,562 417,054

CURRENT ASSETS
Stocks 30,000 37,500
Debtors 6 809,340 839,558
Cash at bank and in hand 469,386 674,366
1,308,726 1,551,424
CREDITORS
Amounts falling due within one year 7 363,765 458,941
NET CURRENT ASSETS 944,961 1,092,483
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,406,523

1,509,537

PROVISIONS FOR LIABILITIES 115,391 79,240
NET ASSETS 1,291,132 1,430,297

CAPITAL AND RESERVES
Called up share capital 11,200 10,640
Capital redemption reserve 9,360 9,360
Retained earnings 1,270,572 1,410,297
1,291,132 1,430,297

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

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

Harleys Corrugated Cases Limited (Registered number: 00880424)

Balance Sheet - continued
31 May 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 20 September 2023 and were signed on its behalf by:





A P Harley - Director


Harleys Corrugated Cases Limited (Registered number: 00880424)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Harleys Corrugated Cases 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

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 leasehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33 1/3% on cost

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell 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.

Harleys Corrugated Cases Limited (Registered number: 00880424)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued

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.

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 27 (2022 - 27 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 June 2022
and 31 May 2023 12,000
AMORTISATION
At 1 June 2022 4,800
Amortisation for year 2,400
At 31 May 2023 7,200
NET BOOK VALUE
At 31 May 2023 4,800
At 31 May 2022 7,200

5. TANGIBLE FIXED ASSETS
Improvements
to Fixtures
leasehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 June 2022 20,154 1,147,520 275
Additions 9,539 150,513 -
Disposals - (271,677 ) -
At 31 May 2023 29,693 1,026,356 275
DEPRECIATION
At 1 June 2022 403 871,661 124
Charge for year 551 58,210 41
Eliminated on disposal - (245,539 ) -
At 31 May 2023 954 684,332 165
NET BOOK VALUE
At 31 May 2023 28,739 342,024 110
At 31 May 2022 19,751 275,859 151

Harleys Corrugated Cases Limited (Registered number: 00880424)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2022 267,591 17,299 1,452,839
Additions 46,961 1,287 208,300
Disposals (90,880 ) - (362,557 )
At 31 May 2023 223,672 18,586 1,298,582
DEPRECIATION
At 1 June 2022 154,195 16,602 1,042,985
Charge for year 28,345 1,125 88,272
Eliminated on disposal (43,898 ) - (289,437 )
At 31 May 2023 138,642 17,727 841,820
NET BOOK VALUE
At 31 May 2023 85,030 859 456,762
At 31 May 2022 113,396 697 409,854

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 752,621 730,977
Amounts owed by group undertakings 1,200 -
Other debtors 55,519 108,581
809,340 839,558

Other debtors includes prepayments and accrued income of £55,519 (2022 - £48,581).

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 191,725 280,030
Taxation and social security 149,860 154,980
Other creditors 22,180 23,931
363,765 458,941

Other creditors includes accruals and deferred income of £19,168 (2022 - £20,708).