9 false false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 21,147 14,126 2,511 16,637 4,510 7,021 xbrli:pure xbrli:shares iso4217:GBP 08375591 2022-04-01 2023-03-31 08375591 2023-03-31 08375591 2022-03-31 08375591 2021-04-01 2022-03-31 08375591 2022-03-31 08375591 2021-03-31 08375591 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-04-01 2023-03-31 08375591 core:PlantMachinery 2022-04-01 2023-03-31 08375591 core:MotorVehicles 2022-04-01 2023-03-31 08375591 bus:Director1 2022-04-01 2023-03-31 08375591 bus:Director2 2022-04-01 2023-03-31 08375591 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-03-31 08375591 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 08375591 core:PlantMachinery 2022-03-31 08375591 core:MotorVehicles 2022-03-31 08375591 core:PlantMachinery 2023-03-31 08375591 core:MotorVehicles 2023-03-31 08375591 core:WithinOneYear 2023-03-31 08375591 core:WithinOneYear 2022-03-31 08375591 core:AfterOneYear 2022-03-31 08375591 core:ShareCapital 2023-03-31 08375591 core:ShareCapital 2022-03-31 08375591 core:RetainedEarningsAccumulatedLosses 2023-03-31 08375591 core:RetainedEarningsAccumulatedLosses 2022-03-31 08375591 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-03-31 08375591 core:PlantMachinery 2022-03-31 08375591 core:MotorVehicles 2022-03-31 08375591 bus:Director1 2022-03-31 08375591 bus:Director1 2023-03-31 08375591 bus:Director2 2022-03-31 08375591 bus:Director2 2023-03-31 08375591 bus:Director1 2021-03-31 08375591 bus:Director1 2022-03-31 08375591 bus:Director2 2021-03-31 08375591 bus:Director2 2022-03-31 08375591 bus:Director1 2021-04-01 2022-03-31 08375591 bus:Director2 2021-04-01 2022-03-31 08375591 bus:SmallEntities 2022-04-01 2023-03-31 08375591 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 08375591 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 08375591 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08375591 bus:FullAccounts 2022-04-01 2023-03-31 08375591 core:OfficeEquipment 2022-04-01 2023-03-31 08375591 core:OfficeEquipment 2022-03-31 08375591 core:OfficeEquipment 2023-03-31
COMPANY REGISTRATION NUMBER: 08375591
S.J. Harris Services Cirencester Limited
Filleted Unaudited Financial Statements
31 March 2023
S.J. Harris Services Cirencester Limited
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
£
Fixed assets
Intangible assets
5
4,510
7,021
Tangible assets
6
142,952
59,707
---------
--------
147,462
66,728
Current assets
Stocks
12,000
10,078
Debtors
7
112,122
158,123
Cash at bank and in hand
112,841
250,966
---------
---------
236,963
419,167
Creditors: amounts falling due within one year
8
207,234
290,067
---------
---------
Net current assets
29,729
129,100
---------
---------
Total assets less current liabilities
177,191
195,828
Creditors: amounts falling due after more than one year
9
13,966
Provisions
Taxation including deferred tax
2,494
10,204
---------
---------
Net assets
174,697
171,658
---------
---------
S.J. Harris Services Cirencester Limited
Statement of Financial Position (continued)
31 March 2023
2023
2022
Note
£
£
£
Capital and reserves
Called up share capital
100
100
Profit and loss account
174,597
171,558
---------
---------
Shareholders funds
174,697
171,658
---------
---------
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.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 22 November 2023 , and are signed on behalf of the board by:
Mr S J Harris
Director
Company registration number: 08375591
S.J. Harris Services Cirencester Limited
Notes to the Financial Statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 13 Birch, Kembrey Park, Swindon, Wilts, SN2 8UU.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.
Revenue recognition
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.
Income tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
L'hold improvements
-
20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and 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 equity, 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 equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity 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:
Plant & machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Office equipment
-
33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
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 stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 9 (2022: 9 ).
5. Intangible assets
Leasehold improvem'ts
£
Cost
At 1 April 2022 and 31 March 2023
21,147
--------
Amortisation
At 1 April 2022
14,126
Charge for the year
2,511
--------
At 31 March 2023
16,637
--------
Carrying amount
At 31 March 2023
4,510
--------
At 31 March 2022
7,021
--------
6. Tangible assets
Plant and machinery
Motor vehicles
Office equipment
Total
£
£
£
£
Cost
At 1 April 2022
5,920
117,807
21,120
144,847
Additions
166
118,978
2,484
121,628
-------
---------
--------
---------
At 31 March 2023
6,086
236,785
23,604
266,475
-------
---------
--------
---------
Depreciation
At 1 April 2022
1,480
66,064
17,596
85,140
Charge for the year
1,152
34,145
3,086
38,383
-------
---------
--------
---------
At 31 March 2023
2,632
100,209
20,682
123,523
-------
---------
--------
---------
Carrying amount
At 31 March 2023
3,454
136,576
2,922
142,952
-------
---------
--------
---------
At 31 March 2022
4,440
51,743
3,524
59,707
-------
---------
--------
---------
7. Debtors
2023
2022
£
£
Trade debtors
73,469
129,577
Other debtors
38,653
28,546
---------
---------
112,122
158,123
---------
---------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
70,448
122,166
Corporation tax
25,579
39,006
Social security and other taxes
7,949
19,280
Other creditors
103,258
109,615
---------
---------
207,234
290,067
---------
---------
9. Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
13,966
----
--------
10. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr S J Harris
( 148)
29,846
( 25,008)
4,690
Mrs D S Harris
( 148)
29,846
( 25,008)
4,690
----
--------
--------
-------
( 296)
59,692
( 50,016)
9,380
----
--------
--------
-------
2022
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr S J Harris
( 10,030)
16,468
( 6,587)
(149)
Mrs D S Harris
( 10,029)
16,468
( 6,586)
(147)
--------
--------
--------
----
( 20,059)
32,936
( 13,173)
( 296)
--------
--------
--------
----