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Company Registration No. 11550586 (England and Wales)
HARICO HOMES LIMITED Unaudited accounts for the year ended 30 September 2023
HARICO HOMES LIMITED Unaudited accounts Contents
Page
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HARICO HOMES LIMITED Company Information for the year ended 30 September 2023
Director
WAYNE DAVID HARRISON
Company Number
11550586 (England and Wales)
Registered Office
Sackville Place Business Centre 44-48 Magdalen Street Norwich Norfolk NR3 1JU United Kingdom
Accountants
ATF TAX CONSULTANCY LTD Sackville Place 44-48 Magdalen Steet Norwich Norfolk NR3 1JU
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HARICO HOMES LIMITED Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
84,849 
531,105 
Current assets
Inventories
1,416,231 
1,259,731 
Debtors
24,092 
16,877 
Cash at bank and in hand
127,743 
175,080 
1,568,066 
1,451,688 
Creditors: amounts falling due within one year
(224,148)
(257,718)
Net current assets
1,343,918 
1,193,970 
Total assets less current liabilities
1,428,767 
1,725,075 
Creditors: amounts falling due after more than one year
(1,141,102)
(1,115,592)
Provisions for liabilities
Deferred tax
(3,085)
(4,020)
Net assets
284,580 
605,463 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
284,570 
605,453 
Shareholders' funds
284,580 
605,463 
For the year ending 30 September 2023 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 August 2024 and were signed on its behalf by
WAYNE DAVID HARRISON Director Company Registration No. 11550586
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HARICO HOMES LIMITED Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
HARICO HOMES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11550586. The registered office is Sackville Place Business Centre, 44-48 Magdalen Street, Norwich, Norfolk, NR3 1JU, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on reducing balance
Motor vehicles
15% on reducing balance
Fixtures & fittings
25% on reducing balance
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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HARICO HOMES LIMITED Notes to the Accounts for the year ended 30 September 2023
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 October 2022
460,000 
- 
80,774 
5,801 
546,575 
Additions
- 
29,000 
- 
- 
29,000 
Disposals
(460,000)
- 
- 
- 
(460,000)
At 30 September 2023
- 
29,000 
80,774 
5,801 
115,575 
Depreciation
At 1 October 2022
- 
- 
12,116 
3,354 
15,470 
Charge for the year
- 
4,350 
10,294 
612 
15,256 
At 30 September 2023
- 
4,350 
22,410 
3,966 
30,726 
Net book value
At 30 September 2023
- 
24,650 
58,364 
1,835 
84,849 
At 30 September 2022
460,000 
- 
68,658 
2,447 
531,105 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
24,092 
16,877 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
79,350 
40,855 
Taxes and social security
102,187 
167,177 
Other creditors
- 
256 
Loans from directors
42,611 
48,730 
Accruals
- 
700 
224,148 
257,718 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
601,966 
423,959 
Obligations under finance leases and hire purchase contracts
76,612 
61,609 
Amounts owed to group undertakings and other participating interests
462,524 
630,024 
1,141,102 
1,115,592 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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