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Registration number: 07504034

D Harris Farm Supplies Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023

 

D Harris Farm Supplies Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

D Harris Farm Supplies Limited

(Registration number: 07504034)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

7,500

9,375

Tangible assets

5

29,396

33,046

 

36,896

42,421

Current assets

 

Debtors

6

10,517

10,970

Creditors: Amounts falling due within one year

7

(46,276)

(49,125)

Net current liabilities

 

(35,759)

(38,155)

Total assets less current liabilities

 

1,137

4,266

Creditors: Amounts falling due after more than one year

7

(11,013)

(21,006)

Net liabilities

 

(9,876)

(16,740)

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

(9,976)

(16,840)

Shareholders' deficit

 

(9,876)

(16,740)

 

D Harris Farm Supplies Limited

(Registration number: 07504034)
Balance Sheet as at 31 March 2023

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors Report and Profit and Loss Account has been taken.

Approved and authorised by the director on 6 February 2024
 

.........................................
Mr D Harris
Director

 

D Harris Farm Supplies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
UK

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis. The company meets its day to day working capital requirements through funds provided by the director. The director considers that these facilities will continue to be made available to the company. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments which would result if the going concern basis were not appropriate.

Revenue recognition

Turnover represents net invoiced sales of goods, services and receipt of subsidies, excluding value added tax where applicable.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

D Harris Farm Supplies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Improvements to property (land and buildings)

1% on cost

Other property, plant and machinery (other tangible assets)

20% on reducing balance

Furniture, fittings and equipment

33% and 25% on reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

16 years

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 0).

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2022

30,000

30,000

At 31 March 2023

30,000

30,000

Amortisation

At 1 April 2022

20,625

20,625

Amortisation charge

1,875

1,875

At 31 March 2023

22,500

22,500

Carrying amount

At 31 March 2023

7,500

7,500

At 31 March 2022

9,375

9,375

 

D Harris Farm Supplies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2022

2,690

7,400

-

60,148

70,238

Additions

-

-

2,900

-

2,900

At 31 March 2023

2,690

7,400

2,900

60,148

73,138

Depreciation

At 1 April 2022

232

6,069

-

30,891

37,192

Charge for the year

27

334

338

5,851

6,550

At 31 March 2023

259

6,403

338

36,742

43,742

Carrying amount

At 31 March 2023

2,431

997

2,562

23,406

29,396

At 31 March 2022

2,458

1,331

-

29,257

33,046

.
 

 

D Harris Farm Supplies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

6

Debtors

2023
£

2022
£

Other debtors

10,517

10,970

10,517

10,970

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

320

383

Other creditors

33,139

35,756

Other borrowings

12,817

12,986

46,276

49,125

Due after one year

Loans and borrowings

11,013

21,006

Loans and borrowings includes a hire purchase creditor which is secured against the asset in which it relates.