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REGISTERED NUMBER: 08065676 (England and Wales)











A E Harris & Co Limited

Unaudited Financial Statements

for the Year Ended 31st July 2023






A E Harris & Co Limited (Registered number: 08065676)






Contents of the Financial Statements
for the Year Ended 31st July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A E Harris & Co Limited

Company Information
for the Year Ended 31st July 2023







DIRECTORS: S G Harris
Mrs W Harris





REGISTERED OFFICE: 33 Chester Road West
Queensferry
Flintshire
CH5 1SA





REGISTERED NUMBER: 08065676 (England and Wales)





ACCOUNTANTS: Henry R. Davis & Co. Limited
Chartered Accountants
33 Chester Road West
Queensferry
Deeside
Flintshire
CH5 1SA

A E Harris & Co Limited (Registered number: 08065676)

Balance Sheet
31st July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,363 19,151

CURRENT ASSETS
Stocks 87,026 72,026
Debtors 5 112,686 149,240
Cash at bank 142,095 50,018
341,807 271,284
CREDITORS
Amounts falling due within one year 6 97,690 102,916
NET CURRENT ASSETS 244,117 168,368
TOTAL ASSETS LESS CURRENT LIABILITIES 258,480 187,519

PROVISIONS FOR LIABILITIES 1,490 1,997
NET ASSETS 256,990 185,522

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 256,970 185,502
SHAREHOLDERS' FUNDS 256,990 185,522

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

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

A E Harris & Co Limited (Registered number: 08065676)

Balance Sheet - continued
31st July 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7th March 2024 and were signed on its behalf by:





S G Harris - Director


A E Harris & Co Limited (Registered number: 08065676)

Notes to the Financial Statements
for the Year Ended 31st July 2023

1. STATUTORY INFORMATION

A E Harris & Co 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.

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.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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 Statement of Income and Retained Earnings, 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.

A E Harris & Co Limited (Registered number: 08065676)

Notes to the Financial Statements - continued
for the Year Ended 31st July 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
Plant and
machinery
etc
£   
COST
At 1st August 2022
and 31st July 2023 42,605
DEPRECIATION
At 1st August 2022 23,454
Charge for year 4,788
At 31st July 2023 28,242
NET BOOK VALUE
At 31st July 2023 14,363
At 31st July 2022 19,151

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 107,431 142,120
Other debtors 5,255 7,120
112,686 149,240

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 56,978 56,252
Taxation and social security 38,392 18,254
Other creditors 2,320 28,410
97,690 102,916