Caseware UK (AP4) 2022.0.179 2022.0.179 2023-10-312023-10-312022-11-01falseNo description of principal activity33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08074075 2022-11-01 2023-10-31 08074075 2021-11-01 2022-10-31 08074075 2023-10-31 08074075 2022-10-31 08074075 c:Director1 2022-11-01 2023-10-31 08074075 c:RegisteredOffice 2022-11-01 2023-10-31 08074075 d:MotorVehicles 2022-11-01 2023-10-31 08074075 d:MotorVehicles 2023-10-31 08074075 d:MotorVehicles 2022-10-31 08074075 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 08074075 d:FurnitureFittings 2022-11-01 2023-10-31 08074075 d:FurnitureFittings 2023-10-31 08074075 d:FurnitureFittings 2022-10-31 08074075 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 08074075 d:OfficeEquipment 2022-11-01 2023-10-31 08074075 d:OfficeEquipment 2023-10-31 08074075 d:OfficeEquipment 2022-10-31 08074075 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 08074075 d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 08074075 d:CurrentFinancialInstruments 2023-10-31 08074075 d:CurrentFinancialInstruments 2022-10-31 08074075 d:Non-currentFinancialInstruments 2023-10-31 08074075 d:Non-currentFinancialInstruments 2022-10-31 08074075 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 08074075 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 08074075 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 08074075 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 08074075 d:ShareCapital 2023-10-31 08074075 d:ShareCapital 2022-10-31 08074075 d:RetainedEarningsAccumulatedLosses 2023-10-31 08074075 d:RetainedEarningsAccumulatedLosses 2022-10-31 08074075 c:FRS102 2022-11-01 2023-10-31 08074075 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 08074075 c:FullAccounts 2022-11-01 2023-10-31 08074075 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 08074075 d:WithinOneYear 2023-10-31 08074075 d:WithinOneYear 2022-10-31 08074075 d:BetweenOneFiveYears 2023-10-31 08074075 d:BetweenOneFiveYears 2022-10-31 iso4217:GBP xbrli:pure
Company registration number: 08074075







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 OCTOBER 2023


WOOD HARRIS LIMITED






































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WOOD HARRIS LIMITED
 


 
COMPANY INFORMATION


Director
J M Jubert 




Registered number
08074075



Registered office
Unit 28 Graylands Estate
Langhurstwood Road

Horsham

West Sussex

RH12 4QD




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


WOOD HARRIS LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 8


 


WOOD HARRIS LIMITED
REGISTERED NUMBER:08074075



STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
69,535
45,704

  
69,535
45,704

Current assets
  

Debtors: amounts falling due within one year
 5 
754,995
684,213

Cash at bank and in hand
  
437,179
238,269

  
1,192,174
922,482

Creditors: amounts falling due within one year
 6 
(775,591)
(627,655)

Net current assets
  
 
 
416,583
 
 
294,827

Total assets less current liabilities
  
486,118
340,531

Creditors: amounts falling due after more than one year
 7 
(17,500)
(27,500)

  

Net assets
  
468,618
313,031


Capital and reserves
  

Allotted and called up share capital
  
1
1

Profit and loss account
  
468,617
313,030

  
468,618
313,031


The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

Page 1

 


WOOD HARRIS LIMITED
REGISTERED NUMBER:08074075


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2023

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J M Jubert
Director

Date: 4 March 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 


WOOD HARRIS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Wood Harris Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office and trading address is disclosed on the company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.4

Revenue

Turnover is derived from the supply of uniforms, clothes, headwear, footwear and equipment to armed
forces, police forces and governmental departments in the Middle East and various other countries
throughout the world. Revenue is recognised by the company in respect of goods delivered during the year,
exclusive of value added tax and trade discounts.

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 


WOOD HARRIS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.7

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively 

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


Page 4

 


WOOD HARRIS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
30% reducing balance
Fixtures and fittings
-
30% reducing balance
Office equipment
-
30% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).

Page 5

 


WOOD HARRIS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 November 2022
49,500
2,073
6,097
57,670


Additions
33,828
4,471
3,599
41,898


Disposals
-
(259)
(3,365)
(3,624)



At 31 October 2023

83,328
6,285
6,331
95,944



Depreciation


At 1 November 2022
6,187
1,849
3,930
11,966


Charge for the year
15,531
862
1,140
17,533


Disposals
-
(252)
(2,838)
(3,090)



At 31 October 2023

21,718
2,459
2,232
26,409



Net book value



At 31 October 2023
61,610
3,826
4,099
69,535



At 31 October 2022
43,313
224
2,167
45,704


5.


Debtors

2023
2022
£
£


Trade debtors
409,920
211,442

Amounts owed by group undertakings
53
53

Other debtors
278,189
203,629

Prepayments and accrued income
66,833
269,089

754,995
684,213


Page 6

 


WOOD HARRIS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,000
10,000

Trade creditors
62,209
331,850

Corporation tax
43,206
22,746

Other taxation and social security
11,085
-

Other creditors
54,171
104,170

Accruals and deferred income
594,920
158,889

775,591
627,655


Included within creditors amounts falling due within one year is a government bounce back loan, interest is charged on this loan at a rate of 2.5%. There is no security for this loan.


7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
17,500
27,500

17,500
27,500


This is a government bounce back loan and interest is charged on this loan at a rate of 2.5%. There is no security for this loan.


8.


Commitments under operating leases

At 31 October 2023 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
14,750
8,932

Later than 1 year and not later than 5 years
49,494
-

64,244
8,932


9.Other financial commitments

During the year the company entered into a trade finance facility agreement with Synergy in Trade Ltd. The maximum aggregate amount of this finance facility is limited at £500,000. There is a fixed and floating charged with Synergy in Trade Ltd over the property and undertakings of the company.

Page 7

 


WOOD HARRIS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

10.

Transactions with the director

2023
2022
        £
        £
Balance owed at the beginning of the year

143,795

76,399
 
Amounts advanced

66,077

69,396
 
Amounts repaid

(5,000)

(2,000)
 
Balance outstanding at the end of the year

204,872

143,795
 

Interest was charged at a rate of 2.5% on the loan with the director.

 
Page 8