Gordon Harrison Limited 01159087 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is is that of the manufacture of bricks, tiles and construction products, in baked clay Digita Accounts Production Advanced 6.30.9574.0 true true false 01159087 2022-04-01 2023-03-31 01159087 2023-03-31 01159087 bus:OrdinaryShareClass1 2023-03-31 01159087 bus:OrdinaryShareClass2 2023-03-31 01159087 core:CurrentFinancialInstruments 2023-03-31 01159087 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 01159087 core:Goodwill 2023-03-31 01159087 core:FurnitureFittings 2023-03-31 01159087 core:LandBuildings core:LongLeaseholdAssets 2023-03-31 01159087 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 01159087 core:MotorVehicles 2023-03-31 01159087 core:PlantMachinery 2023-03-31 01159087 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-03-31 01159087 bus:SmallEntities 2022-04-01 2023-03-31 01159087 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 01159087 bus:FullAccounts 2022-04-01 2023-03-31 01159087 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 01159087 bus:RegisteredOffice 2022-04-01 2023-03-31 01159087 bus:CompanySecretary1 2022-04-01 2023-03-31 01159087 bus:Director1 2022-04-01 2023-03-31 01159087 bus:Director2 2022-04-01 2023-03-31 01159087 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 01159087 bus:OrdinaryShareClass2 2022-04-01 2023-03-31 01159087 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 01159087 core:Goodwill 2022-04-01 2023-03-31 01159087 core:FurnitureFittings 2022-04-01 2023-03-31 01159087 core:LandBuildings 2022-04-01 2023-03-31 01159087 core:LandBuildings core:LongLeaseholdAssets 2022-04-01 2023-03-31 01159087 core:LandBuildings core:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 01159087 core:LeaseholdImprovements 2022-04-01 2023-03-31 01159087 core:MotorVehicles 2022-04-01 2023-03-31 01159087 core:PlantMachinery 2022-04-01 2023-03-31 01159087 core:ToolsEquipment 2022-04-01 2023-03-31 01159087 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2022-04-01 2023-03-31 01159087 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity core:SaleOrPurchaseGoods 2022-04-01 2023-03-31 01159087 countries:AllCountries 2022-04-01 2023-03-31 01159087 2022-03-31 01159087 core:Goodwill 2022-03-31 01159087 core:CostValuation 2022-03-31 01159087 core:FurnitureFittings 2022-03-31 01159087 core:LandBuildings core:LongLeaseholdAssets 2022-03-31 01159087 core:LandBuildings core:OwnedOrFreeholdAssets 2022-03-31 01159087 core:MotorVehicles 2022-03-31 01159087 core:PlantMachinery 2022-03-31 01159087 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2022-03-31 01159087 2021-04-01 2022-03-31 01159087 2022-03-31 01159087 bus:OrdinaryShareClass1 2022-03-31 01159087 bus:OrdinaryShareClass2 2022-03-31 01159087 core:CurrentFinancialInstruments 2022-03-31 01159087 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 01159087 core:Goodwill 2022-03-31 01159087 core:FurnitureFittings 2022-03-31 01159087 core:LandBuildings core:LongLeaseholdAssets 2022-03-31 01159087 core:LandBuildings core:OwnedOrFreeholdAssets 2022-03-31 01159087 core:MotorVehicles 2022-03-31 01159087 core:PlantMachinery 2022-03-31 01159087 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2022-03-31 01159087 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2021-04-01 2022-03-31 01159087 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity core:SaleOrPurchaseGoods 2021-04-01 2022-03-31 01159087 2021-03-31 01159087 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2021-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 01159087

Gordon Harrison Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

Gordon Harrison Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

Gordon Harrison Limited

Company Information

Directors

Mr Gordon Thomas Harrison

Mr Harry Thomas Harrison

Company secretary

Ms Claire Louise Clarke

Registered office

Monckton Manor
Chevet Lane
Notton
Wakefield
West Yorkshire
WF4 2PD

Accountants

Thorntons Accounting Limited
Chartered Certified Accountants
176-178 Pontefract Road
Cudworth
Barnsley
South Yorkshire
S72 8BE

 

Gordon Harrison Limited

(Registration number: 01159087)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

-

1

Tangible assets

5

2,379,313

2,346,454

Investments

6

101

101

 

2,379,414

2,346,556

Current assets

 

Stocks

7

15,980

11,860

Debtors

8

393,233

252,201

Cash at bank and in hand

 

2,108,909

2,128,131

 

2,518,122

2,392,192

Creditors: Amounts falling due within one year

9

(427,562)

(356,783)

Net current assets

 

2,090,560

2,035,409

Total assets less current liabilities

 

4,469,974

4,381,965

Provisions for liabilities

(126,738)

(84,388)

Net assets

 

4,343,236

4,297,577

Capital and reserves

 

Called up share capital

10

100,000

100,000

Retained earnings

4,243,236

4,197,577

Shareholders' funds

 

4,343,236

4,297,577

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.

Directors' 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 directors acknowledge their 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Gordon Harrison Limited

(Registration number: 01159087)
Balance Sheet as at 31 March 2023

Approved and authorised by the Board on 26 September 2023 and signed on its behalf by:
 

.........................................
Mr Gordon Thomas Harrison
Director

 

Gordon Harrison 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 & Wales.

The address of its registered office is:
Monckton Manor
Chevet Lane
Notton
Wakefield
West Yorkshire
WF4 2PD

These financial statements were authorised for issue by the Board on 26 September 2023.

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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

 

Gordon Harrison Limited

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

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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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.

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

Freehold buildings

over 50 years

Leasehold land and buildings

over the lease term

Plant and machinery

20% straight line

Fixtures & fittings

20% straight line

Tools and equipment

50% straight line

Motor vehicles

20% straight line

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

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, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

 

Gordon Harrison Limited

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

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:

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Gordon Harrison Limited

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

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 20 (2022 - 21).

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2022

1,005,001

1,005,001

At 31 March 2023

1,005,001

1,005,001

Amortisation

At 1 April 2022

1,005,000

1,005,000

Amortisation charge

1

1

At 31 March 2023

1,005,001

1,005,001

Carrying amount

At 31 March 2023

-

-

At 31 March 2022

1

1

 

Gordon Harrison Limited

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

5

Tangible assets

Land and buildings
£

Long leasehold land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2022

2,245,146

40,364

18,957

735,394

186,982

3,226,843

Additions

-

-

3,480

38,945

148,220

190,645

Disposals

-

-

-

(71,088)

(70,036)

(141,124)

At 31 March 2023

2,245,146

40,364

22,437

703,251

265,166

3,276,364

Depreciation

At 1 April 2022

200,390

10,491

12,134

519,116

138,258

880,389

Charge for the year

32,482

807

2,217

75,302

22,111

132,919

Eliminated on disposal

-

-

-

(69,403)

(46,854)

(116,257)

At 31 March 2023

232,872

11,298

14,351

525,015

113,515

897,051

Carrying amount

At 31 March 2023

2,012,274

29,066

8,086

178,236

151,651

2,379,313

At 31 March 2022

2,044,756

29,873

6,823

216,278

48,724

2,346,454

Included within the net book value of land and buildings above is £2,012,274 (2022 - £2,044,756) in respect of freehold land and buildings and £29,066 (2022 - £29,873) in respect of long leasehold land and buildings.
 

 

Gordon Harrison Limited

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

6

Investments

2023
£

2022
£

Investments in subsidiaries

101

101

Subsidiaries

£

Cost or valuation

At 1 April 2022

101

Provision

Carrying amount

At 31 March 2023

101

At 31 March 2022

101

7

Stocks

2023
£

2022
£

Other inventories

15,980

11,860

8

Debtors

Note

2023
£

2022
£

Trade debtors

 

325,066

203,169

Amounts owed by related parties

12

57

54

Other debtors

 

62,911

45,187

Prepayments

 

5,199

3,791

 

393,233

252,201

 

Gordon Harrison Limited

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

9

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

121,878

93,694

Taxation and social security

101,382

56,681

Accruals and deferred income

191,402

193,959

Other creditors

12,900

12,449

427,562

356,783

10

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary A of £1 each

80,000

80,000

80,000

80,000

Ordinary B of £1 each

20,000

20,000

20,000

20,000

 

100,000

100,000

100,000

100,000

11

Dividends

12

Related party transactions

Income and receivables from related parties

2023

Entities with joint control or significant influence
£

Sale of goods

191,880

 

Gordon Harrison Limited

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

2022

Entities with joint control or significant influence
£

Sale of goods

174,510

Loans to related parties

2023

Entities with joint control or significant influence
£

Total
£

At start of period

54

54

Advanced

3

3

At end of period

57

57

2022

Entities with joint control or significant influence
£

Total
£

At start of period

808,060

808,060

Repaid

(808,006)

(808,006)

At end of period

54

54