IRIS Accounts Production v23.3.1.45 NI640561 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhNI6405612022-12-31NI6405612023-12-31NI6405612023-01-012023-12-31NI6405612021-12-31NI6405612022-01-012022-12-31NI6405612022-12-31NI640561ns10:Originalns15:NorthernIreland2023-01-012023-12-31NI640561ns14:PoundSterlingns10:Original2023-01-012023-12-31NI640561ns10:Originalns10:Director12023-01-012023-12-31NI640561ns10:Original2023-01-012023-12-31NI640561ns10:Originalns10:Director22023-01-012023-12-31NI640561ns10:Original2023-12-31NI640561ns10:Originalns10:PrivateLimitedCompanyLtd2023-01-012023-12-31NI640561ns10:Originalns10:SmallEntities2023-01-012023-12-31NI640561ns10:Originalns10:AuditExempt-NoAccountantsReport2023-01-012023-12-31NI640561ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-31NI640561ns10:SmallCompaniesRegimeForAccountsns10:Original2023-01-012023-12-31NI640561ns10:Originalns10:FullAccounts2023-01-012023-12-31NI640561ns10:Original12023-01-012023-12-31NI640561ns10:Originalns10:OrdinaryShareClass12023-01-012023-12-31NI640561ns10:Originalns10:RegisteredOffice2023-01-012023-12-31NI640561ns10:Original2022-12-31NI640561ns10:Originalns5:CurrentFinancialInstruments2023-12-31NI640561ns10:Originalns5:CurrentFinancialInstruments2022-12-31NI640561ns10:Originalns5:Non-currentFinancialInstruments2023-12-31NI640561ns10:Originalns5:Non-currentFinancialInstruments2022-12-31NI640561ns5:ShareCapitalns10:Original2023-12-31NI640561ns5:ShareCapitalns10:Original2022-12-31NI640561ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-12-31NI640561ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-12-31NI640561ns10:Originalns5:NetGoodwill2023-01-012023-12-31NI640561ns5:IntangibleAssetsOtherThanGoodwillns10:Original2023-01-012023-12-31NI640561ns10:Originalns5:PlantMachinery2023-01-012023-12-31NI640561ns10:Original2022-01-012022-12-31NI640561ns10:Originalns5:NetGoodwill2022-12-31NI640561ns10:Originalns5:NetGoodwill2023-12-31NI640561ns10:Originalns5:NetGoodwill2022-12-31NI640561ns10:Originalns5:PlantMachinery2022-12-31NI640561ns10:Originalns5:PlantMachinery2023-12-31NI640561ns10:Originalns5:PlantMachinery2022-12-31NI640561ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-31NI640561ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31NI640561ns10:Originalns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: NI640561 (Northern Ireland)















Financial Statements

for the Year Ended 31 December 2023

for

Harris Stocktaking Systems Ltd

Harris Stocktaking Systems Ltd (Registered number: NI640561)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Harris Stocktaking Systems Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr Colum Clenaghan
Mrs Perpetua McShane





REGISTERED OFFICE: Garvey Studios
14 Longstone Street
Lisburn
Co. Antrim
BT28 1TP





BUSINESS ADDRESS: 41 Bryansford Road
Newcastle
Co. Down
BT33 0DW





REGISTERED NUMBER: NI640561 (Northern Ireland)





ACCOUNTANTS: McCleary & Company Ltd
Chartered Accountants
Garvey Studios
14 Longstone Street
Lisburn
Co. Antrim
BT28 1TP

Harris Stocktaking Systems Ltd (Registered number: NI640561)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 16,735 20,422
16,735 20,422

CURRENT ASSETS
Debtors 6 44,638 31,395
Cash at bank 11,949 11,210
56,587 42,605
CREDITORS
Amounts falling due within one year 7 (56,140 ) (60,219 )
NET CURRENT ASSETS/(LIABILITIES) 447 (17,614 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,182

2,808

CREDITORS
Amounts falling due after more than one
year

8

(11,392

)

(25,229

)

PROVISIONS FOR LIABILITIES (3,180 ) (3,880 )
NET ASSETS/(LIABILITIES) 2,610 (26,301 )

Harris Stocktaking Systems Ltd (Registered number: NI640561)

Balance Sheet - continued
31 December 2023

31.12.23 31.12.22
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 9 20 20
Retained earnings 2,590 (26,321 )
SHAREHOLDERS' FUNDS 2,610 (26,301 )

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

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

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 Board of Directors and authorised for issue on 2 February 2024 and were signed on its behalf by:




Mr Colum Clenaghan - Director



Mrs Perpetua McShane - Director


Harris Stocktaking Systems Ltd (Registered number: NI640561)

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

1. STATUTORY INFORMATION

Harris Stocktaking Systems Ltd is a private company, limited by shares , registered in Northern Ireland. 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 represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods and services falling within the company's ordinary activities.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five 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 25% on cost

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.


Harris Stocktaking Systems Ltd (Registered number: NI640561)

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

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

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 6 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 120,000
AMORTISATION
At 1 January 2023
and 31 December 2023 120,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

Harris Stocktaking Systems Ltd (Registered number: NI640561)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 68,581
Additions 1,892
At 31 December 2023 70,473
DEPRECIATION
At 1 January 2023 48,159
Charge for year 5,579
At 31 December 2023 53,738
NET BOOK VALUE
At 31 December 2023 16,735
At 31 December 2022 20,422

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 42,677 30,344
Other debtors 1,961 1,051
44,638 31,395

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 7,988 7,988
Hire purchase contracts 6,417 7,000
Taxation and social security 33,602 22,069
Other creditors 8,133 23,162
56,140 60,219

Harris Stocktaking Systems Ltd (Registered number: NI640561)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 11,392 18,812
Hire purchase contracts - 6,417
11,392 25,229

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
20 Ordinary 1 20 20

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £21,600 were paid to the directors .