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Company Registration No. 07429191 (England and Wales)
Harris Evolution Limited Unaudited accounts for the year ended 31 March 2024
Harris Evolution Limited Unaudited accounts Contents
Page
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Harris Evolution Limited Company Information for the year ended 31 March 2024
Directors
D Houghton C Arathoon K Kelly P Moon D Murphy
Company Number
07429191 (England and Wales)
Registered Office
Ground Floor, Kingsgate House Church Road, Kingswood Bristol Gloucestershire BS15 4AU
Accountants
The Fresh Accountancy Company Limited Orchard House Clyst St Mary Exeter Devon EX5 1BR
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Harris Evolution Limited for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Harris Evolution Limited for the year ended 31 March 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
The Fresh Accountancy Company Limited Chartered Accountants Orchard House Clyst St Mary Exeter Devon EX5 1BR 1 October 2024
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Harris Evolution Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
36,261 
58,135 
Current assets
Inventories
6,000 
6,000 
Debtors
4,890,746 
3,532,338 
Cash at bank and in hand
501,287 
443,557 
5,398,033 
3,981,895 
Creditors: amounts falling due within one year
(3,541,156)
(2,125,153)
Net current assets
1,856,877 
1,856,742 
Total assets less current liabilities
1,893,138 
1,914,877 
Creditors: amounts falling due after more than one year
(430,966)
(701,912)
Net assets
1,462,172 
1,212,965 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
1,462,168 
1,212,961 
Shareholders' funds
1,462,172 
1,212,965 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2024 and were signed on its behalf by
D Houghton Director Company Registration No. 07429191
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Harris Evolution Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Harris Evolution Limited is a private company, limited by shares, registered in England and Wales, registration number 07429191. The registered office is Ground Floor, Kingsgate House, Church Road, Kingswood, Bristol, Gloucestershire, BS15 4AU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% RB
Motor vehicles
25% RB
Fixtures & fittings
25% RB
Computer equipment
25% RB
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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 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 that have been enacted or substantively enacted by the balance sheet date.
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Harris Evolution Limited Notes to the Accounts for the year ended 31 March 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Going concern
The going concern basis of preparation is dependent on the continued sucessful trading position of the business.
Amounts recoverable under contract
Amounts recoverable under contract are calculated using the directors best estimate of amounts owed to the company from customers under current contractual obligations.
Restatement of prior period
WIP which was included in stock and cost of sales of £662,500 in the comparative figures has been restated as accrued income and sales.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
4,854 
93,614 
27,316 
40,781 
166,565 
Additions
- 
- 
- 
2,395 
2,395 
Disposals
- 
(26,024)
- 
- 
(26,024)
At 31 March 2024
4,854 
67,590 
27,316 
43,176 
142,936 
Depreciation
At 1 April 2023
4,540 
51,743 
25,266 
26,881 
108,430 
Charge for the year
78 
7,422 
513 
4,074 
12,087 
On disposals
- 
(13,842)
- 
- 
(13,842)
At 31 March 2024
4,618 
45,323 
25,779 
30,955 
106,675 
Net book value
At 31 March 2024
236 
22,267 
1,537 
12,221 
36,261 
At 31 March 2023
314 
41,871 
2,050 
13,900 
58,135 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
18,996 
37,510 
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Harris Evolution Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
824,517 
848,627 
Amounts due from group undertakings etc.
2,322,418 
1,998,534 
Accrued income and prepayments
1,733,811 
685,115 
Other debtors
10,000 
62 
4,890,746 
3,532,338 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
1,401,587 
636,836 
VAT
336,863 
274,021 
Obligations under finance leases and hire purchase contracts
6,164 
40,352 
Trade creditors
1,435,688 
907,466 
Taxes and social security
280,954 
261,563 
Other creditors
78,684 
4,915 
Accruals
1,216 
- 
3,541,156 
2,125,153 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
413,961 
701,912 
Obligations under finance leases and hire purchase contracts
17,005 
- 
430,966 
701,912 
8
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
48,823 
61,323 
Later than one year and not later than five years
67,208 
100,549 
116,031 
161,872 
9
Loans to directors
10
Controlling party
The ultimate parent company is DJ Houghton Holdings Limited, incorporated in England, registered office Orchard House, Clyst St Mary, Exeter, EX5 1BR.
11
Average number of employees
During the year the average number of employees was 20 (2023: 19).
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