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Unaudited Financial Statements for the Year Ended 31 December 2023

for

D M Harris Limited

D M Harris Limited (Registered number: SC072031)






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


D M Harris Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: D M Harris





REGISTERED OFFICE: 2 Melville Street
Falkirk
FK1 1HZ





REGISTERED NUMBER: SC072031 (Scotland)





ACCOUNTANTS: Ian Macfarlane Limited
Chartered Accountants
2 Melville Street
Falkirk
FK1 1HZ

D M Harris Limited (Registered number: SC072031)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,007 11,743

CURRENT ASSETS
Stocks 74,323 72,843
Debtors 5 5,230 34,836
Cash at bank 28,584 39,096
108,137 146,775
CREDITORS
Amounts falling due within one year 6 51,672 60,427
NET CURRENT ASSETS 56,465 86,348
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,472

98,091

CREDITORS
Amounts falling due after more than one year 7 22,063 12,596
NET ASSETS 58,409 85,495

CAPITAL AND RESERVES
Called up share capital 9 5,030 5,030
Share premium 2,090 2,090
Retained earnings 51,289 78,375
SHAREHOLDERS' FUNDS 58,409 85,495

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.

D M Harris Limited (Registered number: SC072031)

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 28 August 2024 and were signed by:





D M Harris - Director


D M Harris Limited (Registered number: SC072031)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

D M Harris Limited is a private company, limited by shares , registered in Scotland. 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.

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 etc - 25% on reducing balance and 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

D M Harris Limited (Registered number: SC072031)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 68,504
Additions 19,995
At 31 December 2023 88,499
DEPRECIATION
At 1 January 2023 56,761
Charge for year 7,731
At 31 December 2023 64,492
NET BOOK VALUE
At 31 December 2023 24,007
At 31 December 2022 11,743

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

Plant and
machinery
etc
£   
COST
At 1 January 2023 18,593
Transfer to ownership (18,593 )
At 31 December 2023 -
DEPRECIATION
At 1 January 2023 14,180
Charge for year 4,999
Transfer to ownership (14,180 )
At 31 December 2023 4,999
NET BOOK VALUE
At 31 December 2023 (4,999 )
At 31 December 2022 4,413

D M Harris Limited (Registered number: SC072031)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 5,007 33,658
Other debtors 223 1,178
5,230 34,836

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 4,284 4,440
Hire purchase contracts 3,999 2,577
Trade creditors 13,239 26,422
Taxation and social security 4,458 4,672
Other creditors 25,692 22,316
51,672 60,427

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 8,733 12,596
Hire purchase contracts 13,330 -
22,063 12,596

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Hire purchase contracts 17,329 2,577

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
5,000 Ordinary class A £1 5,000 5,000
10 Ordinary class B £1 10 10
20 Ordinary class C £1 20 20
5,030 5,030