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Registered number: 14602712
Harris Installations Ltd
Unaudited Financial Statements
For the Period 18 January 2023 to 31 January 2024
Richards Associates Limited
North Lodge
Hawkesyard
Rugeley
Staffordshire
WS15 1PS
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14602712
31 January 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 27,896
27,896
CURRENT ASSETS
Stocks 5 75
Debtors 6 300
Cash at bank and in hand 7,318
7,693
Creditors: Amounts Falling Due Within One Year 7 (18,135 )
NET CURRENT ASSETS (LIABILITIES) (10,442 )
TOTAL ASSETS LESS CURRENT LIABILITIES 17,454
NET ASSETS 17,454
CAPITAL AND RESERVES
Called up share capital 8 20
Profit and Loss Account 17,434
SHAREHOLDERS' FUNDS 17,454
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For the period ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr J Harris
Director
10 May 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Harris Installations Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14602712 . The registered office is New Horizons, King Bromley, Lichfield, Staffordshire, WS13 8HT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
At the time of approving the financial statements the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.
The directors continue to adopt the going concern basis of accounting in preparing financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% on cost
Motor Vehicles 20% on cost
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2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. 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, and loans to related parties.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL
-
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 18 January 2023 - - -
Additions 802 28,200 29,002
As at 31 January 2024 802 28,200 29,002
Depreciation
As at 18 January 2023 - - -
Provided during the period 48 1,058 1,106
As at 31 January 2024 48 1,058 1,106
Net Book Value
As at 31 January 2024 754 27,142 27,896
As at 18 January 2023 - - -
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5. Stocks
31 January 2024
£
Stock 75
6. Debtors
31 January 2024
£
Due within one year
Trade debtors 300
300
7. Creditors: Amounts Falling Due Within One Year
31 January 2024
£
Accruals and deferred income 720
Directors' loan accounts 17,415
18,135
8. Share Capital
31 January 2024
Allotted, called up and fully paid £
20 Ordinary Shares of £ 1.00 each 20
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr and Mrs Harris by virtue of their ownership of 100% of the issued share capital in the company.
10. Working capital deficit
Current liabilities exceed current assets however, the company is able to meet any liabilities that may fall due.
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