Registered number
09043372
Harry's (Masham) Limited
Filleted Accounts
31 May 2024
Lynden Consultancy Limited
Accountants
Lynden
Catton
Thirsk
N Yorkshire
YO7 4SH
Harry's (Masham) Limited
Registered number: 09043372
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 31,875 31,875
Tangible assets 4 1,847 2,463
33,722 34,338
Current assets
Debtors 5 (2,027) (2,276)
Cash at bank and in hand 942 1,285
(1,085) (991)
Creditors: amounts falling due within one year 6 (35,996) (26,918)
Net current liabilities (37,081) (27,909)
Total assets less current liabilities (3,359) 6,429
Creditors: amounts falling due after more than one year 7 (3,569) (7,402)
Net liabilities (6,928) (973)
Capital and reserves
Called up share capital 2 2
Profit and loss account (6,930) (975)
Shareholders' funds (6,928) (973)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Loveridge
Director
Approved by the board on 17 September 2024
Harry's (Masham) Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% Reducing balance
Equipment, fixtures & fittings 25% Reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 June 2023 31,875
At 31 May 2024 31,875
Amortisation
At 31 May 2024 -
Net book value
At 31 May 2024 31,875
At 31 May 2023 31,875
4 Tangible fixed assets
Plant and machinery etc Equipment, fixtures & fittings Total
£ £ £
Cost
At 1 June 2023 6,863 23,669 30,532
At 31 May 2024 6,863 23,669 30,532
Depreciation
At 1 June 2023 6,347 21,722 28,069
Charge for the year 129 487 616
At 31 May 2024 6,476 22,209 28,685
Net book value
At 31 May 2024 387 1,460 1,847
At 31 May 2023 516 1,947 2,463
5 Debtors 2024 2023
£ £
Trade debtors (2,027) (2,276)
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 26 435
Other creditors 35,970 26,483
35,996 26,918
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 3,569 7,402
8 Other information
Harry's (Masham) Limited is a private company limited by shares and incorporated in England. Its registered office is:
10 Market Place
Masham
N Yorkshire
HG4 4EB
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