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REGISTERED NUMBER: 04572587 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

HARRIS BELL ASSOCIATES LTD

HARRIS BELL ASSOCIATES LTD (REGISTERED NUMBER: 04572587)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HARRIS BELL ASSOCIATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: P Slack





SECRETARY: Mrs V E Slack





REGISTERED OFFICE: 14 Promenade
Bridlington
East Yorkshire
YO15 2PX





REGISTERED NUMBER: 04572587 (England and Wales)





ACCOUNTANTS: Jackson Robson Licence Limited
33-35 Exchange Street
Driffield
East Yorkshire
YO25 6LL

HARRIS BELL ASSOCIATES LTD (REGISTERED NUMBER: 04572587)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,768 3,691
2,768 3,691

CURRENT ASSETS
Stocks 100 100
Debtors 6 45,073 45,484
Cash at bank 145,101 220,857
190,274 266,441
CREDITORS
Amounts falling due within one year 7 225,089 226,878
NET CURRENT (LIABILITIES)/ASSETS (34,815 ) 39,563
TOTAL ASSETS LESS CURRENT
LIABILITIES

(32,047

)

43,254

PROVISIONS FOR LIABILITIES - 855
NET (LIABILITIES)/ASSETS (32,047 ) 42,399

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (32,057 ) 42,389
SHAREHOLDERS' FUNDS (32,047 ) 42,399

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

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

HARRIS BELL ASSOCIATES LTD (REGISTERED NUMBER: 04572587)

BALANCE SHEET - continued
31 DECEMBER 2023


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 10 September 2024 and were signed by:





P Slack - Director


HARRIS BELL ASSOCIATES LTD (REGISTERED NUMBER: 04572587)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Harris Bell Associates 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. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% 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.

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.

HARRIS BELL ASSOCIATES LTD (REGISTERED NUMBER: 04572587)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

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 8 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 4,970
AMORTISATION
At 1 January 2023
and 31 December 2023 4,970
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 22,507 29,791 52,298
DEPRECIATION
At 1 January 2023 21,690 26,917 48,607
Charge for year 204 719 923
At 31 December 2023 21,894 27,636 49,530
NET BOOK VALUE
At 31 December 2023 613 2,155 2,768
At 31 December 2022 817 2,874 3,691

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,900 2,813
Other debtors 42,173 42,671
45,073 45,484

HARRIS BELL ASSOCIATES LTD (REGISTERED NUMBER: 04572587)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 39,148 37,276
Trade creditors 7,885 4,572
Taxation and social security 7,097 9,875
Other creditors 170,959 175,155
225,089 226,878

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £13,340 (2022 - £17,506) were paid to the directors .

At 31st December 2023, the company owed the Directors £25,962.

9. ULTIMATE CONTROLLING PARTY

The directors both hold the same number of ordinary shares in the company, therefore there is no ultimate controlling party of the reporting entity.