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Company registration number: 10736012
Harris Engineering Solutions Ltd
Unaudited filleted financial statements
30 April 2023
Harris Engineering Solutions Ltd
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Harris Engineering Solutions Ltd
Directors and other information
Director Mr Darren Roy Harris
Company number 10736012
Registered office Crisma Cottage
Cul De Sac
Stickford
Boston
PE22 8EY
Business address Crisma Cottage
Cul De Sac
Stickford
Boston
PE22 8EY
Accountants Lister & Co
75 High Street
Boston
Lincs
PE21 8SX
Harris Engineering Solutions Ltd
Report to the director on the preparation of the
unaudited statutory financial statements of Harris Engineering Solutions Ltd
Year ended 30 April 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Harris Engineering Solutions Ltd for the year ended 30 April 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the director of Harris Engineering Solutions Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Harris Engineering Solutions Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Harris Engineering Solutions Ltd and its director as a body for our work or for this report.
It is your duty to ensure that Harris Engineering Solutions Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Harris Engineering Solutions Ltd. You consider that Harris Engineering Solutions Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Harris Engineering Solutions Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Lister & Co
ACCA
75 High Street
Boston
Lincs
PE21 8SX
12 October 2023
Harris Engineering Solutions Ltd
Statement of financial position
30 April 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 68,004 73,231
_______ _______
68,004 73,231
Current assets
Stocks 1,800 1,800
Debtors 6 101,190 73,011
Cash at bank and in hand 42,668 82,603
_______ _______
145,658 157,414
Creditors: amounts falling due
within one year 7 ( 89,118) ( 94,028)
_______ _______
Net current assets 56,540 63,386
_______ _______
Total assets less current liabilities 124,544 136,617
Creditors: amounts falling due
after more than one year 8 ( 11,637) ( 16,602)
Provisions for liabilities ( 10,191) ( 10,564)
_______ _______
Net assets 102,716 109,451
_______ _______
Capital and reserves
Called up share capital 9 100 100
Profit and loss account 102,616 109,351
_______ _______
Shareholders funds 102,716 109,451
_______ _______
For the year ending 30 April 2023 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 12 October 2023 , and are signed on behalf of the board by:
Mr Darren Roy Harris
Director
Company registration number: 10736012
Harris Engineering Solutions Ltd
Notes to the financial statements
Year ended 30 April 2023
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Crisma Cottage, Cul De Sac, Stickford, Boston, PE22 8EY.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
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:
Freehold property - 0 % reducing balance
Plant and machinery - 15 % reducing balance
Office equipment - 15 % reducing balance
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2022: 4 ).
5. Tangible assets
Freehold property Plant and machinery Office equipment Motor vehicles Total
£ £ £ £ £
Cost
At 1 May 2022 15,111 64,738 1,579 38,674 120,102
Additions - 4,666 1,303 - 5,969
Disposals - ( 827) - - ( 827)
_______ _______ _______ _______ _______
At 30 April 2023 15,111 68,577 2,882 38,674 125,244
_______ _______ _______ _______ _______
Depreciation
At 1 May 2022 - 22,464 478 23,929 46,871
Charge for the year - 6,801 333 3,686 10,820
Disposals - ( 451) - - ( 451)
_______ _______ _______ _______ _______
At 30 April 2023 - 28,814 811 27,615 57,240
_______ _______ _______ _______ _______
Carrying amount
At 30 April 2023 15,111 39,763 2,071 11,059 68,004
_______ _______ _______ _______ _______
At 30 April 2022 15,111 42,274 1,101 14,745 73,231
_______ _______ _______ _______ _______
6. Debtors
2023 2022
£ £
Trade debtors 91,757 64,142
Other debtors 9,433 8,869
_______ _______
101,190 73,011
_______ _______
7. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 4,966 4,844
Trade creditors 29,237 34,587
Social security and other taxes 20,704 18,840
Other creditors 34,211 35,757
_______ _______
89,118 94,028
_______ _______
8. Creditors: amounts falling due after more than one year
2023 2022
£ £
Other creditors 11,637 16,602
_______ _______
9. Called up share capital
Issued, called up and fully paid
2023 2022
No £ No £
A Ordinary shares of £ 1.00 each 60 60 60 60
B Ordinary shares of £ 1.00 each 40 40 40 40
_______ _______ _______ _______
100 100 100 100
_______ _______ _______ _______