Company Registration No. 11792909 (England and Wales)
Collins Harris Ltd
Unaudited accounts
for the year ended 31 January 2024
Collins Harris Ltd
Unaudited accounts
Contents
Collins Harris Ltd
Company Information
for the year ended 31 January 2024
Directors
Dr C Collins
Mr A Harris
Company Number
11792909 (England and Wales)
Registered Office
380A New Hythe Lane
Larkfield, Aylesford
Kent
ME20 6RZ
England
Accountants
Rustrick Accountants Limited
380A New Hythe lane
Larkfield
Maidstone
Kent
ME20 6RZ
Collins Harris Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
4,984
6,645
Cash at bank and in hand
119,450
232,206
Creditors: amounts falling due within one year
(28,616)
(106,044)
Net current assets
158,079
169,828
Net assets
163,063
176,473
Called up share capital
101
100
Profit and loss account
162,962
176,373
Shareholders' funds
163,063
176,473
For the year ending 31 January 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 25 October 2024 and were signed on its behalf by
Mr A Harris
Director
Company Registration No. 11792909
Collins Harris Ltd
Notes to the Accounts
for the year ended 31 January 2024
Collins Harris Ltd is a private company, limited by shares, registered in England and Wales, registration number 11792909. The registered office is 380A New Hythe Lane, Larkfield, Aylesford, Kent, ME20 6RZ, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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.
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.
Collins Harris Ltd
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2023
13,406
3,068
2,676
19,150
At 31 January 2024
13,406
3,068
2,676
19,150
At 1 February 2023
9,164
1,885
1,456
12,505
Charge for the year
1,060
296
305
1,661
At 31 January 2024
10,224
2,181
1,761
14,166
At 31 January 2024
3,182
887
915
4,984
At 31 January 2023
4,242
1,183
1,220
6,645
Amounts falling due within one year
Trade debtors
56,958
27,309
Accrued income and prepayments
10,287
16,357
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
17,794
34,581
Loans from directors
179
62,336
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).