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REGISTERED NUMBER: 08430094 (England and Wales)






CLIFFORD HARRIS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






CLIFFORD HARRIS LTD (REGISTERED NUMBER: 08430094)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLIFFORD HARRIS LTD

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: Mrs D J Harris
C Harris





SECRETARY: Mrs D J Harris





REGISTERED OFFICE: 14 Pomeroy Road
Great Barr
Birmingham
West Midlands
B43 7LJ





REGISTERED NUMBER: 08430094 (England and Wales)





ACCOUNTANTS: Weatherer Bailey Bragg
Chartered Accountants
100 Boldmere Road
Sutton Coldfield
West Midlands
B73 5UB

CLIFFORD HARRIS LTD (REGISTERED NUMBER: 08430094)

BALANCE SHEET
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 47,840 56,932
47,840 56,932

CURRENT ASSETS
Stocks 6 400 450
Debtors 7 38,318 37,478
Cash at bank 62,657 27,809
101,375 65,737
CREDITORS
Amounts falling due within one year 8 58,376 61,645
NET CURRENT ASSETS 42,999 4,092
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,839

61,024

CREDITORS
Amounts falling due after more than one
year

9

(8,877

)

(12,540

)

PROVISIONS FOR LIABILITIES (8,003 ) (8,642 )
NET ASSETS 73,959 39,842

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 73,957 39,840
SHAREHOLDERS' FUNDS 73,959 39,842

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

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

CLIFFORD HARRIS LTD (REGISTERED NUMBER: 08430094)

BALANCE SHEET - continued
31 March 2024


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 2 December 2024 and were signed on its behalf by:





C Harris - Director


CLIFFORD HARRIS LTD (REGISTERED NUMBER: 08430094)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Clifford Harris Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Turnover represents net invoiced sales of goods and services excluding value added tax.

Sale of goods

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of goods.

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 15% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance and over the period of the lease
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

CLIFFORD HARRIS LTD (REGISTERED NUMBER: 08430094)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 20,000
AMORTISATION
At 1 April 2023
and 31 March 2024 20,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

CLIFFORD HARRIS LTD (REGISTERED NUMBER: 08430094)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 13,469 5,170 241
Additions - - -
At 31 March 2024 13,469 5,170 241
DEPRECIATION
At 1 April 2023 2,020 4,533 215
Charge for year 1,718 127 5
At 31 March 2024 3,738 4,660 220
NET BOOK VALUE
At 31 March 2024 9,731 510 21
At 31 March 2023 11,449 637 26

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 45,739 1,404 66,023
Additions 1,730 808 2,538
At 31 March 2024 47,469 2,212 68,561
DEPRECIATION
At 1 April 2023 1,169 1,154 9,091
Charge for year 9,261 519 11,630
At 31 March 2024 10,430 1,673 20,721
NET BOOK VALUE
At 31 March 2024 37,039 539 47,840
At 31 March 2023 44,570 250 56,932

CLIFFORD HARRIS LTD (REGISTERED NUMBER: 08430094)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 43,999
DEPRECIATION
Charge for year 8,800
At 31 March 2024 8,800
NET BOOK VALUE
At 31 March 2024 35,199
At 31 March 2023 43,999

6. STOCKS
31/3/24 31/3/23
£    £   
Stocks 400 450

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 36,703 35,137
Other debtors - 165
Corporation tax recoverable - 1,342
Prepayments 1,615 834
38,318 37,478

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Hire purchase contracts 3,663 3,059
Trade creditors 4,230 3,807
Corporation tax payable 14,612 -
Social security & other taxes 3,046 4,423
VAT 12,867 8,815
Wages control 1,598 3,928
Directors' loan accounts 7,602 22,083
Accrued expenses 10,758 15,530
58,376 61,645

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Hire purchase contracts 8,877 12,540

CLIFFORD HARRIS LTD (REGISTERED NUMBER: 08430094)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/24 31/3/23
value: £    £   
2 Ordinary £1 2 2

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31/3/24 31/3/23
£    £   
Mrs D J Harris and C Harris
Balance outstanding at start of year (22,083 ) (6,205 )
Amounts advanced 27,978 12,633
Amounts repaid (13,497 ) (28,511 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (7,602 ) (22,083 )

No interest is charged on loans from directors. Amounts are repayable on demand.