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DEREK HARPER FOUNDRIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






DEREK HARPER FOUNDRIES LIMITED (REGISTERED NUMBER: 05686188)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DEREK HARPER FOUNDRIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: M A Harris
Mrs C M Harris





SECRETARY: Mrs C M Harris





REGISTERED OFFICE: New Works Road
Low Moor
Bradford
West Yorkshire
BD12 0QN





REGISTERED NUMBER: 05686188 (England and Wales)





ACCOUNTANTS: Wilkinson and Partners
Chartered Accountants
Fairfax House
6a Mill Field Road
Cottingley Business Park
Bradford
West Yorkshire
BD16 1PY

DEREK HARPER FOUNDRIES LIMITED (REGISTERED NUMBER: 05686188)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 61,221 77,448

CURRENT ASSETS
Stocks 160,837 165,522
Debtors 5 503,331 556,470
Cash at bank 2,087,752 1,835,505
2,751,920 2,557,497
CREDITORS
Amounts falling due within one year 6 238,307 275,361
NET CURRENT ASSETS 2,513,613 2,282,136
TOTAL ASSETS LESS CURRENT LIABILITIES 2,574,834 2,359,584

PROVISIONS FOR LIABILITIES 7 14,358 8,447
NET ASSETS 2,560,476 2,351,137

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 2,560,276 2,350,937
SHAREHOLDERS' FUNDS 2,560,476 2,351,137

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.

DEREK HARPER FOUNDRIES LIMITED (REGISTERED NUMBER: 05686188)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by:





M A Harris - Director


DEREK HARPER FOUNDRIES LIMITED (REGISTERED NUMBER: 05686188)

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


1. STATUTORY INFORMATION

Derek Harper Foundries Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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 Statement of Income and Retained Earnings, 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.

DEREK HARPER FOUNDRIES LIMITED (REGISTERED NUMBER: 05686188)

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


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 17 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 February 2023 36,068 161,733 8,202
Additions - 4,850 -
At 31 January 2024 36,068 166,583 8,202
DEPRECIATION
At 1 February 2023 7,214 137,939 7,947
Charge for year 7,214 7,161 64
At 31 January 2024 14,428 145,100 8,011
NET BOOK VALUE
At 31 January 2024 21,640 21,483 191
At 31 January 2023 28,854 23,794 255

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2023 31,072 10,298 247,373
Additions - - 4,850
At 31 January 2024 31,072 10,298 252,223
DEPRECIATION
At 1 February 2023 8,533 8,292 169,925
Charge for year 5,635 1,003 21,077
At 31 January 2024 14,168 9,295 191,002
NET BOOK VALUE
At 31 January 2024 16,904 1,003 61,221
At 31 January 2023 22,539 2,006 77,448

DEREK HARPER FOUNDRIES LIMITED (REGISTERED NUMBER: 05686188)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 311,214 427,762
Other debtors 250 425
Directors' current accounts 153,674 92,688
Tax 30,166 29,031
Prepayments 8,027 6,564
503,331 556,470

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 95,903 168,074
Tax 105,100 62,238
Social security and other taxes 5,387 7,671
VAT 29,126 34,414
Other creditors 481 732
Accrued expenses 2,310 2,232
238,307 275,361

The directors' loan account is interest free and repayable on demand.

7. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax 14,358 8,447

Deferred
tax
£   
Balance at 1 February 2023 8,447
Accelerated capital allowances 5,911
Balance at 31 January 2024 14,358

The entire provision for deferred taxation is in relation to accelerated capital allowances.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary £1.00 100 100
100 Ordinary class B £1.00 100 100
200 200

DEREK HARPER FOUNDRIES LIMITED (REGISTERED NUMBER: 05686188)

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


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
M A Harris and Mrs C M Harris
Balance outstanding at start of year 92,688 573,325
Amounts advanced 193,661 98,104
Amounts repaid (132,675 ) (578,741 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 153,674 92,688

The directors' loan is interest free and repayable on demand.

The loan will be repaid in full before 31 October 2024.

10. ULTIMATE CONTROLLING PARTY

The controlling party is M A Harris.