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REGISTERED NUMBER: SC031753 (Scotland)












Unaudited Financial Statements for the Year Ended 30 April 2024

for

David Harrison Limited

David Harrison Limited (Registered number: SC031753)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


David Harrison Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: R B Harrison
Mrs C M Thomson
Mrs A Butler
Mrs S Graham
Mrs C M Walter





REGISTERED OFFICE: Room 2
6 Elm Court
Cavalry Park
Peebles
Borders
EH45 9BU





REGISTERED NUMBER: SC031753 (Scotland)





ACCOUNTANTS: Braidwood Graham Ltd
Chartered Accountants
4 Copperbeech Court
Cavalry Park
Peebles
Borders
EH45 9BU

David Harrison Limited (Registered number: SC031753)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 931,617 955,007
Investment property 5 2,485,963 2,485,963
3,417,580 3,440,970

CURRENT ASSETS
Stocks 1,303,536 1,004,867
Debtors 6 179,972 193,349
Cash at bank and in hand 597,374 916,691
2,080,882 2,114,907
CREDITORS
Amounts falling due within one year 7 274,358 442,029
NET CURRENT ASSETS 1,806,524 1,672,878
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,224,104

5,113,848

PROVISIONS FOR LIABILITIES 45,087 37,253
NET ASSETS 5,179,017 5,076,595

CAPITAL AND RESERVES
Called up share capital 8 17,100 17,100
Revaluation reserve 9 1,242,774 1,242,774
Capital redemption reserve 56,243 56,243
Retained earnings 3,862,900 3,760,478
SHAREHOLDERS' FUNDS 5,179,017 5,076,595

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

David Harrison Limited (Registered number: SC031753)

Balance Sheet - continued
30 April 2024


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 30 July 2024 and were signed on its behalf by:





Mrs C M Thomson - Director


David Harrison Limited (Registered number: SC031753)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

David Harrison Limited is a private company, limited by shares , registered in Scotland. 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.

Significant judgements and estimates
The preparation of financial statements in accordance with FRS 102 requires management to make
estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting policies are recognised in the year in which the estimate is revised and in any future years affected. There are no significant accounting estimates or judgements affecting the financial statements.

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.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance and 10% on reducing balance

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.

Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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

Financial instruments
Basic financial instruments are initially measured at transaction price and are subsequently carried at amortisation cost using the effective interest rate.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.

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.


David Harrison Limited (Registered number: SC031753)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
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.

Property, plant and equipment acquired under hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets.

The related obligations, net of future finance charges, are included in creditors

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 11 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 872,179 180,986 1,053,165
Additions - 21,999 21,999
At 30 April 2024 872,179 202,985 1,075,164
DEPRECIATION
At 1 May 2023 59,830 38,328 98,158
Charge for year 12,131 33,258 45,389
At 30 April 2024 71,961 71,586 143,547
NET BOOK VALUE
At 30 April 2024 800,218 131,399 931,617
At 30 April 2023 812,349 142,658 955,007

Included in cost of land and buildings is freehold land of £ 265,625 (2023 - £ 265,625 ) which is not depreciated.

David Harrison Limited (Registered number: SC031753)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 2,485,963
NET BOOK VALUE
At 30 April 2024 2,485,963
At 30 April 2023 2,485,963

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 118,877 128,352
Other debtors 61,095 64,997
179,972 193,349

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 114,691 162,825
Taxation and social security 86,653 77,724
Other creditors 73,014 201,480
274,358 442,029

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
1,710 A Ordinary 0.5 855 855
30,780 B Ordinary 0.5 15,390 15,390
1,710 C Ordinary 0.5 855 855
17,100 17,100

9. RESERVES
Revaluation
reserve
£   
At 1 May 2023
and 30 April 2024 1,242,774