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Logo On Report
Registered Number: 07265367


 

 

 


Unaudited Financial Statements

for the year ended 31 October 2023

for

C J HARBIDGE & SON LIMITED

Director James Harbidge
Registered Number 07265367
Registered Office Tiptree Farm
Haugh Lane, Old Newton
Stowmarket
IP14 4NP
Accountants Quove Accounting Ltd
3 Brickfields Business Park
Old Stowmarket Road, Woolpit
Bury St Edmunds
IP30 9QS
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 31 October 2023.
Principal activities
The principal activity of the company during the financial year was a haulier.
Director
The director who served the company throughout the year was as follows:
James Harbidge
Statement of director's responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to :
-    select suitable accounting policies and then apply them consistently
-    make judgements and accounting estimates that are reasonable and prudent
-    state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
-    prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.


The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the companys transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
James Harbidge
Director

Date approved: 06 March 2024
2
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 745,906    736,694 
745,906    736,694 
Current assets      
Debtors 4 256,283    240,900 
Cash at bank and in hand 100,277    203,392 
356,560    444,292 
Creditors: amount falling due within one year 5 (387,273)   (249,835)
Net current assets (30,713)   194,457 
 
Total assets less current liabilities 715,193    931,151 
Creditors: amount falling due after more than one year 6 (28,790)   (382,348)
Net assets 686,403    548,803 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 686,303    548,703 
Shareholder's funds 686,403    548,803 
 


For the year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 06 March 2024 and were signed by:


-------------------------------
James Harbidge
Director
3
General Information
C J Harbidge & Son Limited is a private company, limited by shares, registered in , registration number 07265367, registration address Tiptree Farm, Haugh Lane, Old Newton, Stowmarket, IP14 4NP.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 10% Straight Line
Plant and Machinery 10% Straight Line
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
2.

Average number of employees

Average number of employees during the year was 10 (2022 : 10).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Total
  £   £   £
At 01 November 2022 49,467    1,556,920    1,606,387 
Additions 20,669    95,906    116,575 
Disposals    
At 31 October 2023 70,136    1,652,826    1,722,962 
Depreciation
At 01 November 2022 13,810    855,883    869,693 
Charge for year 5,633    101,730    107,363 
On disposals    
At 31 October 2023 19,443    957,613    977,056 
Net book values
Closing balance as at 31 October 2023 50,693    695,213    745,906 
Opening balance as at 01 November 2022 35,657    701,037    736,694 

The net book value of Motor Vehicles includes £ 240,231 in respect of assets leased under finance leases or hire purchase contracts.

4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 256,283    239,597 
Other Debtors   1,303 
256,283    240,900 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 251,017    75,352 
Bank Loans & Overdrafts 12,883    14,883 
PAYE & Social Security 6,550    10,125 
Accrued Expenses 2,235    2,235 
Other Creditors   2,558 
Obligations under HP/Financial Leases 45,810    15,233 
Directors' Current Accounts 54,621    81,532 
VAT 14,157    47,917 
387,273    249,835 

6.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts 13,733    325,922 
Obligations Under HP/Financial Leases 15,057    56,426 
28,790    382,348 

7.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2023
£
 2022
£
 2023
£
 2022
£
J R Harbidge(54,621)(81,532)
J R Harbidge & Daughters Ltd(14,000)


Rent was paid in the year to and a loan received in the year from J R Harbidge & Daughters Ltd
4