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REGISTERED NUMBER: NI634671 (Northern Ireland)











Harron K Limited

Unaudited Financial Statements

for the Year Ended 30 November 2023






Harron K Limited (Registered number: NI634671)

Contents of the Financial Statements
for the Year Ended 30 November 2023










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Harron K Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: K Harron





REGISTERED OFFICE: 83C Tannaghmore Road
Ballynahinch
Co. Down
BT24 8NU





REGISTERED NUMBER: NI634671 (Northern Ireland)





ACCOUNTANTS: S.M. Vint & Company
Chartered Certified Accountants
8 Newry Road
Banbridge
Co. Down
BT32 3HN

Harron K Limited

Report of the Accountants to the Director of
Harron K Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2023 set out on pages four to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






S.M. Vint & Company
Chartered Certified Accountants
8 Newry Road
Banbridge
Co. Down
BT32 3HN


27 August 2024

Harron K Limited (Registered number: NI634671)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,400 3,450
Tangible assets 5 66,998 12,334
69,398 15,784

CURRENT ASSETS
Stocks 75,903 96,323
Debtors 6 167,778 132,611
Cash at bank and in hand 53,799 42,725
297,480 271,659
CREDITORS
Amounts falling due within one year 7 134,395 80,008
NET CURRENT ASSETS 163,085 191,651
TOTAL ASSETS LESS CURRENT
LIABILITIES

232,483

207,435

PROVISIONS FOR LIABILITIES 11,939 2,343
NET ASSETS 220,544 205,092

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 220,543 205,091
SHAREHOLDERS' FUNDS 220,544 205,092

Harron K Limited (Registered number: NI634671)

Balance Sheet - continued
30 November 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 August 2024 and were signed by:





K Harron - Director


Harron K Limited (Registered number: NI634671)

Notes to the Financial Statements
for the Year Ended 30 November 2023


1. STATUTORY INFORMATION

Harron K Limited is a private company, limited by shares , registered in Northern Ireland. 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.

Franchise
Franchise, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of nil years.

This is a franchise fee . This is written off over a 5 year period on a straight line basis.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Number plate are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% 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 Income Statement, 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.


Harron K Limited (Registered number: NI634671)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Number
Franchise plate Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 7,500 3,000 10,500
AMORTISATION
At 1 December 2022 5,250 1,800 7,050
Amortisation for year 750 300 1,050
At 30 November 2023 6,000 2,100 8,100
NET BOOK VALUE
At 30 November 2023 1,500 900 2,400
At 30 November 2022 2,250 1,200 3,450

Harron K Limited (Registered number: NI634671)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 December 2022 6,500 4,873 15,400 26,773
Additions 70,000 1,414 - 71,414
At 30 November 2023 76,500 6,287 15,400 98,187
DEPRECIATION
At 1 December 2022 1,300 2,489 10,650 14,439
Charge for year 15,040 760 950 16,750
At 30 November 2023 16,340 3,249 11,600 31,189
NET BOOK VALUE
At 30 November 2023 60,160 3,038 3,800 66,998
At 30 November 2022 5,200 2,384 4,750 12,334

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 163,697 124,811
Other debtors 4,081 7,800
167,778 132,611

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 27,000 20,291
Taxation and social security 12,546 30,062
Other creditors 94,849 29,655
134,395 80,008