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REGISTERED NUMBER: 05410120 (England and Wales)















HARRIES 1970 LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023






HARRIES 1970 LIMITED (REGISTERED NUMBER: 05410120)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HARRIES 1970 LIMITED

COMPANY INFORMATION
for the Year Ended 30 JUNE 2023







DIRECTOR: Mr W T Harries





SECRETARY: Mr J C Harries





REGISTERED OFFICE: Broyan House
Priory Street
Cardigan
Ceredigion
SA43 1BZ





REGISTERED NUMBER: 05410120 (England and Wales)





ACCOUNTANTS: D M B Davies Limited
Broyan House
Priory Street
Cardigan
Ceredigion
SA43 1BZ

HARRIES 1970 LIMITED (REGISTERED NUMBER: 05410120)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 15,741 18,561
15,741 18,561

CURRENT ASSETS
Stocks 29,550 23,200
Debtors 6 56,475 28,109
Cash at bank 188,067 163,116
274,092 214,425
CREDITORS
Amounts falling due within one year 7 88,237 80,811
NET CURRENT ASSETS 185,855 133,614
TOTAL ASSETS LESS CURRENT
LIABILITIES

201,596

152,175

PROVISIONS FOR LIABILITIES 2,991 3,267
NET ASSETS 198,605 148,908

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 198,604 148,907
SHAREHOLDERS' FUNDS 198,605 148,908

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

HARRIES 1970 LIMITED (REGISTERED NUMBER: 05410120)

BALANCE SHEET - continued
30 JUNE 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 October 2023 and were signed by:





Mr W T Harries - Director


HARRIES 1970 LIMITED (REGISTERED NUMBER: 05410120)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 JUNE 2023


1. STATUTORY INFORMATION

Harries 1970 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 as modified by the revaluation of certain assets.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

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.

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 machinery etc - 25% on reducing balance and 15% on reducing balance

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.

HARRIES 1970 LIMITED (REGISTERED NUMBER: 05410120)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 JUNE 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 5 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 80,000
AMORTISATION
At 1 July 2022
and 30 June 2023 80,000
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2022
and 30 June 2023 10,029 60,054 8,500 78,583
DEPRECIATION
At 1 July 2022 4,272 47,618 8,132 60,022
Charge for year 863 1,865 92 2,820
At 30 June 2023 5,135 49,483 8,224 62,842
NET BOOK VALUE
At 30 June 2023 4,894 10,571 276 15,741
At 30 June 2022 5,757 12,436 368 18,561

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 54,128 28,109
Other debtors 2,347 -
56,475 28,109

HARRIES 1970 LIMITED (REGISTERED NUMBER: 05410120)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 JUNE 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 628 -
Taxation and social security 58,927 40,346
Other creditors 28,682 40,465
88,237 80,811

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr W T Harries.