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Registered Number: 04583318
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 30 November 2023

for

HARRIES WATKINS & JONES LTD

Directors Neil Edward Harries
Christopher David Jones
Mr Neil Harries
Registered Number 04583318
Registered Office 1a Charnwood Park
Bridgend
Bridgend
CF31 3PL
1
Director's report and financial statements
The directors present their report and abridged financial statements for the year ended 30 November 2023.

Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Principal activities
The companys principal activity during the year was that of chartered accountants.
Directors
The directors who served the company throughout the year were as follows:

Neil Edward Harries
Christopher David Jones
Mr Neil Harries
Statement of directors' responsibilities
The directors are responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:


----------------------------------
Christopher David Jones
Director

Date approved: 30 November 2024
2
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 5 198,098    199,962 
Investments 6 152,165    157,335 
350,263    357,297 
Current assets      
Debtors 7 175,024    182,918 
Cash at bank and in hand 9,431    6,819 
184,455    189,737 
Creditors: amount falling due within one year (188,506)   (207,548)
Net current assets (4,051)   (17,811)
 
Total assets less current liabilities 346,212    339,486 
Creditors: amount falling due after more than one year (243,132)   (267,079)
Provisions for liabilities 8 (592)   (463)
Net assets 102,488    71,944 
 

Capital and reserves
     
Called up share capital 9 100    100 
Profit and loss account 102,388    71,844 
Shareholders' funds 102,488    71,944 
 


For the year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 30 November 2024 and were signed on its behalf by:


-------------------------------
Christopher David Jones
Director
3
General Information
Harries Watkins & Jones Ltd is a private company, limited by shares, registered in England and Wales, registration number 04583318, registration address 1a Charnwood Park, Bridgend, Bridgend, CF31 3PL.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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)
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the companys activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Operating lease rentals
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings 0-7% straight line basis
Plant and machinery etc 25% straight line basis
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 13 (2022 : 13).
3.

Indebtedness

Creditors less than one year include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £52,131 (2022 - £51,435).

Creditors more than one year include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £222,212 (2022 - £267,079).
The bank loans and overdrafts are secured by a fixed and floating charge over the company's assets.

Creditors include bank loans repayable by instalments of £93,184 (2022 - £61,041) due after more than five years.

4.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 December 2022 300,000    300,000 
Additions  
Disposals  
At 30 November 2023 300,000    300,000 
Amortisation
At 01 December 2022 300,000    300,000 
Charge for year  
On disposals  
At 30 November 2023 300,000    300,000 
Net book values
At 30 November 2023  
At 30 November 2022  


5.

Tangible fixed assets

Cost or valuation Land and buildings   Plant and machinery etc   Total
  £   £   £
At 01 December 2022 206,125    33,103    239,228 
Additions   (393)   (393)
Disposals    
At 30 November 2023 206,125    32,710    238,835 
Depreciation
At 01 December 2022 10,320    29,880    40,200 
Charge for year (860)   1,397    537 
On disposals    
At 30 November 2023 9,460    31,277    40,737 
Net book values
Closing balance as at 30 November 2023 196,665    1,433    198,098 
Opening balance as at 01 December 2022 197,525    2,437    199,962 


6.

Investments

Cost Investments in group undertakings   Total
  £   £
At 01 December 2022 157,335    157,335 
Additions  
Transfer to/from tangible fixed assets  
Disposals (5,170)   (5,170)
At 30 November 2023 152,165    152,165 
Subsidiary undertakings
The company holds 100% (2021 100%) of the ordinary share capital and voting rights of T J English Ltd, Registered office: 1a Charnwood Park, Bridgend, CF31 3PL.  The principal activity of T J English Ltd is accountancy services. Its financial period end is 31 March.

7.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 141,411    146,514 
Other Debtors 33,613    36,404 
175,024    182,918 

8.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 463    334 
Charged to Profit & Loss 129    129 
592    463 

9.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
100 Class A shares of £1.00 each 100    100 
100    100 

4