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REGISTERED NUMBER: 07473039 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

A.R. HARRIS BUILDING CONTRACTORS LTD

A.R. HARRIS BUILDING CONTRACTORS LTD (REGISTERED NUMBER: 07473039)

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


A.R. HARRIS BUILDING CONTRACTORS LTD (REGISTERED NUMBER: 07473039)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41,351 52,587

CURRENT ASSETS
Stocks 56,473 56,473
Debtors 5 1,673 8,723
Cash at bank 71,105 96,221
129,251 161,417
CREDITORS
Amounts falling due within one year 6 27,617 55,631
NET CURRENT ASSETS 101,634 105,786
TOTAL ASSETS LESS CURRENT
LIABILITIES

142,985

158,373

PROVISIONS FOR LIABILITIES 7,857 9,992
NET ASSETS 135,128 148,381

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 135,028 148,281
SHAREHOLDERS' FUNDS 135,128 148,381

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 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.

A.R. HARRIS BUILDING CONTRACTORS LTD (REGISTERED NUMBER: 07473039)

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 Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:




Mr A R Harris - Director



Mrs A D Harris - Director


A.R. HARRIS BUILDING CONTRACTORS LTD (REGISTERED NUMBER: 07473039)

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


1. STATUTORY INFORMATION

A.R. Harris Building Contractors Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07473039

Registered office: The Hazels
Broad Lane
Elm
Wisbech
Cambridgeshire
PE14 0DZ

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 represents the invoiced amounts of work done, excluding value added tax.

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 equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office & computer equipment - 20% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.


A.R. HARRIS BUILDING CONTRACTORS LTD (REGISTERED NUMBER: 07473039)

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


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Office &
Plant and Motor computer
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 43,941 42,264 2,776 88,981
DEPRECIATION
At 1 January 2023 23,711 11,121 1,562 36,394
Charge for year 3,034 7,786 416 11,236
At 31 December 2023 26,745 18,907 1,978 47,630
NET BOOK VALUE
At 31 December 2023 17,196 23,357 798 41,351
At 31 December 2022 20,230 31,143 1,214 52,587

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 3,800
Other debtors 1,673 4,923
1,673 8,723

A.R. HARRIS BUILDING CONTRACTORS LTD (REGISTERED NUMBER: 07473039)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 97 19,736
Taxation and social security 7,464 16,479
Other creditors 20,056 19,416
27,617 55,631

7. TRANSACTIONS WITH DIRECTORS

During the year the directors charged the company £600 (2022 - £600) for the business use of their home.

The company paid dividends to the directors in the year amounting to £33,000 (2022 - £42,000).

Included in other creditors falling due within one year is the directors' current account balance with the company amounting to £19,236 (2022 - £18,636). This balance is non-interest bearing and repayable on demand.

8. ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of Mr A R Harris by virtue of his 55% shareholding in the company.