IRIS Accounts Production v24.2.0.383 01296750 Board of Directors Board of Directors 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh012967502023-05-31012967502024-05-31012967502023-06-012024-05-31012967502022-05-31012967502022-06-012023-05-31012967502023-05-3101296750ns15:EnglandWales2023-06-012024-05-3101296750ns14:PoundSterling2023-06-012024-05-3101296750ns10:Director12023-06-012024-05-3101296750ns10:Director22023-06-012024-05-3101296750ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3101296750ns10:SmallEntities2023-06-012024-05-3101296750ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3101296750ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3101296750ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3101296750ns10:FullAccounts2023-06-012024-05-3101296750ns10:RegisteredOffice2023-06-012024-05-3101296750ns5:CurrentFinancialInstruments2024-05-3101296750ns5:CurrentFinancialInstruments2023-05-3101296750ns5:Non-currentFinancialInstruments2024-05-3101296750ns5:Non-currentFinancialInstruments2023-05-3101296750ns5:ShareCapital2024-05-3101296750ns5:ShareCapital2023-05-3101296750ns5:SharePremium2024-05-3101296750ns5:SharePremium2023-05-3101296750ns5:RevaluationReserve2024-05-3101296750ns5:RevaluationReserve2023-05-3101296750ns5:FurtherSpecificReserve1ComponentTotalEquity2024-05-3101296750ns5:FurtherSpecificReserve1ComponentTotalEquity2023-05-3101296750ns5:RetainedEarningsAccumulatedLosses2024-05-3101296750ns5:RetainedEarningsAccumulatedLosses2023-05-3101296750ns5:PlantMachinery2023-06-012024-05-3101296750ns5:FurnitureFittings2023-06-012024-05-3101296750ns5:MotorVehicles2023-06-012024-05-3101296750ns5:ComputerEquipment2023-06-012024-05-3101296750ns5:LandBuildings2023-05-3101296750ns5:PlantMachinery2023-05-3101296750ns5:FurnitureFittings2023-05-3101296750ns5:LandBuildings2023-06-012024-05-3101296750ns5:LandBuildings2024-05-3101296750ns5:PlantMachinery2024-05-3101296750ns5:FurnitureFittings2024-05-3101296750ns5:LandBuildings2023-05-3101296750ns5:PlantMachinery2023-05-3101296750ns5:FurnitureFittings2023-05-3101296750ns5:MotorVehicles2023-05-3101296750ns5:ComputerEquipment2023-05-3101296750ns5:MotorVehicles2024-05-3101296750ns5:ComputerEquipment2024-05-3101296750ns5:MotorVehicles2023-05-3101296750ns5:ComputerEquipment2023-05-3101296750ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3101296750ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3101296750ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-05-3101296750ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-05-3101296750ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-05-3101296750ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-05-3101296750ns5:RevaluationReserve2023-05-31
REGISTERED NUMBER: 01296750 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 May 2024

for

H.S. Harbon & Sons Limited

H.S. Harbon & Sons Limited (Registered number: 01296750)






Contents of the Financial Statements
for the year ended 31 May 2024




Page

Company Information 1

Report of the Directors 2

Statement of Financial Position 3

Notes to the Financial Statements 5


H.S. Harbon & Sons Limited

Company Information
for the year ended 31 May 2024







DIRECTORS: C P Harbon
D J Harbon





REGISTERED OFFICE: 35/37 Gordon Street
Doncaster
South Yorkshire
DN1 1RS





REGISTERED NUMBER: 01296750 (England and Wales)





ACCOUNTANTS: Royston Parkin Limited
2 President Buildings
Savile Street East
Sheffield
South Yorkshire
S4 7UQ

H.S. Harbon & Sons Limited (Registered number: 01296750)

Report of the Directors
for the year ended 31 May 2024

The directors present their report with the financial statements of the company for the year ended 31 May 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 June 2023 to the date of this report.

C P Harbon
D J Harbon

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





D J Harbon - Director


20 September 2024

H.S. Harbon & Sons Limited (Registered number: 01296750)

Statement of Financial Position
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 232,424 158,850

CURRENT ASSETS
Inventories 45,989 155,055
Debtors 5 588,103 832,872
Cash at bank 211,925 -
846,017 987,927
CREDITORS
Amounts falling due within one year 6 422,756 550,160
NET CURRENT ASSETS 423,261 437,767
TOTAL ASSETS LESS CURRENT
LIABILITIES

655,685

596,617

CREDITORS
Amounts falling due after more than
one year

7

(28,126

)

(33,387

)

PROVISIONS FOR LIABILITIES (31,002 ) (11,026 )
NET ASSETS 596,557 552,204

H.S. Harbon & Sons Limited (Registered number: 01296750)

Statement of Financial Position - continued
31 May 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 3,671 3,671
Share premium 63,189 63,189
Revaluation reserve 9 81,782 81,782
Other reserves 2,500 2,500
Retained earnings 445,415 401,062
596,557 552,204

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 20 September 2024 and were signed on its behalf by:




C P Harbon - Director



D J Harbon - Director


H.S. Harbon & Sons Limited (Registered number: 01296750)

Notes to the Financial Statements
for the year ended 31 May 2024

1. STATUTORY INFORMATION

H.S. Harbon & Sons 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
Revenue 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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Inventories 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 inventories 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 statement of financial position date.


H.S. Harbon & Sons Limited (Registered number: 01296750)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 20 (2023 - 21 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 June 2023 110,000 94,693 116,659
Additions - 13,082 2,983
Disposals - - -
At 31 May 2024 110,000 107,775 119,642
DEPRECIATION
At 1 June 2023 - 78,502 99,951
Charge for year - 3,262 2,743
Eliminated on disposal - - -
At 31 May 2024 - 81,764 102,694
NET BOOK VALUE
At 31 May 2024 110,000 26,011 16,948
At 31 May 2023 110,000 16,191 16,708

H.S. Harbon & Sons Limited (Registered number: 01296750)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

4. PROPERTY, PLANT AND EQUIPMENT - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2023 74,054 - 395,406
Additions 78,839 3,482 98,386
Disposals (52,003 ) - (52,003 )
At 31 May 2024 100,890 3,482 441,789
DEPRECIATION
At 1 June 2023 58,103 - 236,556
Charge for year 15,177 350 21,532
Eliminated on disposal (48,723 ) - (48,723 )
At 31 May 2024 24,557 350 209,365
NET BOOK VALUE
At 31 May 2024 76,333 3,132 232,424
At 31 May 2023 15,951 - 158,850

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 587,378 775,258
VAT - 56,109
Prepayments and accrued income 725 1,505
588,103 832,872

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8)
114,721

74,581
Trade creditors 144,686 331,457
Tax 18,205 31,225
Social security and other taxes 16,462 18,072
VAT 20,961 -
Other creditors 7,252 7,495
Directors' current accounts 61,702 67,510
Accruals and deferred income 38,767 19,820
422,756 550,160

H.S. Harbon & Sons Limited (Registered number: 01296750)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans (see note 8) 28,126 33,387

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,255 8,516

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 108,503 68,363
Bank loans 6,218 6,218
114,721 74,581

Amounts falling due between one and two years:
Bank loans - 1-2 years 6,218 6,218

Amounts falling due between two and five years:
Bank loans - 2-5 years 18,653 18,653

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,255 8,516

9. RESERVES
Revaluation
reserve
£   
At 1 June 2023
and 31 May 2024 81,782