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REGISTERED NUMBER: 10577048 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

HARRIS & SONS GROUNDWORKS LTD

HARRIS & SONS GROUNDWORKS LTD (REGISTERED NUMBER: 10577048)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


HARRIS & SONS GROUNDWORKS LTD

COMPANY INFORMATION
for the Year Ended 31 January 2024







DIRECTORS: C M Harris
S M Harris





REGISTERED OFFICE: Manchester House
High Street
Stalbridge
Sturminster Newton
Dorset
DT10 2LL





REGISTERED NUMBER: 10577048 (England and Wales)





ACCOUNTANTS: Evans & Co
Manchester House
High Street
Stalbridge
Sturminster Newton
Dorset
DT10 2LL

HARRIS & SONS GROUNDWORKS LTD (REGISTERED NUMBER: 10577048)

ABRIDGED BALANCE SHEET
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 170,750 121,098

CURRENT ASSETS
Stocks 20,982 7,795
Debtors 15,730 28,432
Cash at bank 139,940 155,019
176,652 191,246
CREDITORS
Amounts falling due within one year 212,471 209,614
NET CURRENT LIABILITIES (35,819 ) (18,368 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

134,931

102,730

CREDITORS
Amounts falling due after more than one
year

(55,600

)

(29,053

)

PROVISIONS FOR LIABILITIES (37,649 ) (23,367 )
NET ASSETS 41,682 50,310

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 41,582 50,210
SHAREHOLDERS' FUNDS 41,682 50,310

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

HARRIS & SONS GROUNDWORKS LTD (REGISTERED NUMBER: 10577048)

ABRIDGED BALANCE SHEET - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2024 and were signed on its behalf by:




C M Harris - Director



S M Harris - Director


HARRIS & SONS GROUNDWORKS LTD (REGISTERED NUMBER: 10577048)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Harris & Sons Groundworks Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 15% on reducing balance

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

HARRIS & SONS GROUNDWORKS LTD (REGISTERED NUMBER: 10577048)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 7 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023 230,653
Additions 106,281
Disposals (60,750 )
At 31 January 2024 276,184
DEPRECIATION
At 1 February 2023 109,555
Charge for year 30,042
Eliminated on disposal (34,163 )
At 31 January 2024 105,434
NET BOOK VALUE
At 31 January 2024 170,750
At 31 January 2023 121,098

HARRIS & SONS GROUNDWORKS LTD (REGISTERED NUMBER: 10577048)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 February 2023 45,365
Additions 102,231
At 31 January 2024 147,596
DEPRECIATION
At 1 February 2023 12,589
Charge for year 20,165
At 31 January 2024 32,754
NET BOOK VALUE
At 31 January 2024 114,842
At 31 January 2023 32,776

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 64,952 -

Hire purchase liabilities are secured on the assets to which they relate.