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REGISTERED NUMBER: 00396853 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Harris Coaches (Bromsgrove) Limited

Harris Coaches (Bromsgrove) Limited (Registered number: 00396853)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Harris Coaches (Bromsgrove) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J G Harris
S W Harris



SECRETARY: J G Harris



REGISTERED OFFICE: 58 Meadow Road
Catshill
Bromsgrove
Worcestershire
B61 0JJ



REGISTERED NUMBER: 00396853 (England and Wales)



ACCOUNTANTS: Kenneth Morris Limited
1 Aston Court
Bromsgrove Technology Park
Bromsgrove
Worcestershire
B60 3AL



BANKERS: RBS Nat West
124 High Street
Bromsgrove
Worcestershire
B61 8HJ

Harris Coaches (Bromsgrove) Limited (Registered number: 00396853)

Abridged Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 172,647 191,563
Investment property 5 736,000 736,000
908,647 927,563

CURRENT ASSETS
Stocks 800 1,900
Debtors 20,859 20,012
Cash at bank and in hand 388,373 313,348
410,032 335,260
CREDITORS
Amounts falling due within one year 226,688 206,273
NET CURRENT ASSETS 183,344 128,987
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,091,991

1,056,550

PROVISIONS FOR LIABILITIES 78,433 80,974
NET ASSETS 1,013,558 975,576

CAPITAL AND RESERVES
Called up share capital 748 748
Non-distributable reserve 1,103 1,103
Fair value reserve 6 557,398 557,398
Retained earnings 454,309 416,327
SHAREHOLDERS' FUNDS 1,013,558 975,576

Harris Coaches (Bromsgrove) Limited (Registered number: 00396853)

Abridged Balance Sheet - continued
31 December 2023


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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 13 February 2024 and were signed on its behalf by:





S W Harris - Director


Harris Coaches (Bromsgrove) Limited (Registered number: 00396853)

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

1. STATUTORY INFORMATION

Harris Coaches (Bromsgrove) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on reducing balance
Plant and machinery - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Harris Coaches (Bromsgrove) Limited (Registered number: 00396853)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 1,020,084
Disposals (161,000 )
At 31 December 2023 859,084
DEPRECIATION
At 1 January 2023 828,521
Charge for year 18,178
Eliminated on disposal (160,262 )
At 31 December 2023 686,437
NET BOOK VALUE
At 31 December 2023 172,647
At 31 December 2022 191,563

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 736,000
NET BOOK VALUE
At 31 December 2023 736,000
At 31 December 2022 736,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2011 175,414
Valuation in 2019 411,500
Valuation in 2022 36,000
Cost 113,086
736,000

Harris Coaches (Bromsgrove) Limited (Registered number: 00396853)

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

5. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

31.12.23 31.12.22
£    £   
Cost 113,086 113,086
Aggregate depreciation (13,980 ) (13,980 )

Investment property was valued on an open market basis on 31 December 2022 by the directors. .

6. RESERVES
Fair
value
reserve
£   
At 1 January 2023
and 31 December 2023 557,398

7. CONTINGENT LIABILITIES

There were no material contingent liabilities at the year end.

8. POST BALANCE SHEET EVENTS

There were no material post balance sheet events.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Harris Coaches (Bromsgrove) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

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 Coaches (Bromsgrove) Limited for the year ended 31 December 2023 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Harris Coaches (Bromsgrove) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Harris Coaches (Bromsgrove) Limited and state those matters that we have agreed to state to the Board of Directors of Harris Coaches (Bromsgrove) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Harris Coaches (Bromsgrove) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Harris Coaches (Bromsgrove) Limited 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 Coaches (Bromsgrove) Limited. You consider that Harris Coaches (Bromsgrove) Limited 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 Coaches (Bromsgrove) Limited. 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.






Kenneth Morris Limited
1 Aston Court
Bromsgrove Technology Park
Bromsgrove
Worcestershire
B60 3AL


13 February 2024