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REGISTERED NUMBER: NI004298 (Northern Ireland)















JOSEPH HARLEY LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






JOSEPH HARLEY LIMITED (REGISTERED NUMBER: NI004298)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


JOSEPH HARLEY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Joseph Harley



REGISTERED OFFICE: 34 Main Street
STRABANE
Co. Tyrone
BT82 8AS



REGISTERED NUMBER: NI004298 (Northern Ireland)



ACCOUNTANTS: McAleer Jackson Ltd
Chartered Accountants & Chartered Tax Advisers
Church House
24 Dublin Road
OMAGH
Co. Tyrone
BT78 1HE



BANKERS: Danske Bank
Business Banking
PO Box 183
Donegal Square West
BELFAST
BT1 6JS

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
JOSEPH HARLEY 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.


In accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company for the year ended 31 January 2024 which comprise the Income Statement, Balance Sheet and the related notes from the accounting records and information and explanations you have given to us.

This report is made to the company's director, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company's director that we have done so, and state those matters that we have agreed to state to him in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's director, for our work or for this report.

We have carried out this engagement in accordance with guidance issued by the Institute of Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

You have acknowledged on the Balance Sheet as at 31 January 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

This report is made solely to the company's members as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body for this report.






McAleer Jackson Ltd
Chartered Accountants & Chartered Tax Advisers
Church House
24 Dublin Road
OMAGH
Co. Tyrone
BT78 1HE


18 September 2024

JOSEPH HARLEY LIMITED (REGISTERED NUMBER: NI004298)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 145,501 149,945

CURRENT ASSETS
Stocks 60,000 70,000
Debtors 5 12,337 13,721
Cash at bank and in hand 140,377 102,151
212,714 185,872
CREDITORS
Amounts falling due within one year 6 199,992 173,080
NET CURRENT ASSETS 12,722 12,792
TOTAL ASSETS LESS CURRENT
LIABILITIES

158,223

162,737

ACCRUALS AND DEFERRED INCOME 10,733 11,311
NET ASSETS 147,490 151,426

CAPITAL AND RESERVES
Called up share capital 60 60
Retained earnings 147,430 151,366
SHAREHOLDERS' FUNDS 147,490 151,426

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 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.

JOSEPH HARLEY LIMITED (REGISTERED NUMBER: NI004298)

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.

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 18 September 2024 and were signed by:





Joseph Harley - Director


JOSEPH HARLEY LIMITED (REGISTERED NUMBER: NI004298)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Joseph Harley 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 as modified by the revaluation of certain assets.

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.
Freehold property - 2% straight line
Fixtures & fittings - 20% on reducing balance

Stock
Stock is 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 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 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.

Pension costs and other post-retirement benefits
The company operates an executive pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

One director is accruing benefits under a money purchase scheme.

Deferred government grants
Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

JOSEPH HARLEY LIMITED (REGISTERED NUMBER: NI004298)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Freehold Fixtures
property & fittings Totals
£    £    £   
COST OR VALUATION
At 1 February 2023
and 31 January 2024 220,000 11,397 231,397
DEPRECIATION
At 1 February 2023 70,277 11,175 81,452
Charge for year 4,400 44 4,444
At 31 January 2024 74,677 11,219 85,896
NET BOOK VALUE
At 31 January 2024 145,323 178 145,501
At 31 January 2023 149,723 222 149,945

Cost or valuation at 31 January 2024 is represented by:

Freehold Fixtures
property & fittings Totals
£    £    £   
Valuation in 2012 175,330 - 175,330
Cost 44,670 11,397 56,067
220,000 11,397 231,397

If Freehold property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 44,670 44,670

Freehold property was valued on an open market basis on 31 January 2012 by the director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 12,337 13,721

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 20,620 30,134
Social security and other taxes 11,151 7,684
Other creditors 14,842 12,713
Directors' current accounts 153,379 122,549
199,992 173,080

JOSEPH HARLEY LIMITED (REGISTERED NUMBER: NI004298)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

7. ULTIMATE CONTROLLING PARTY

The controlling party is Joseph Harley.