D W Harrison Limited 00846757 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is farming Digita Accounts Production Advanced 6.30.9574.0 true true 00846757 2023-05-01 2024-04-30 00846757 2024-04-30 00846757 bus:OrdinaryShareClass1 2024-04-30 00846757 bus:OrdinaryShareClass2 2024-04-30 00846757 bus:OrdinaryShareClass3 2024-04-30 00846757 bus:OrdinaryShareClass4 2024-04-30 00846757 bus:OrdinaryShareClass5 2024-04-30 00846757 core:RetainedEarningsAccumulatedLosses 2024-04-30 00846757 core:ShareCapital 2024-04-30 00846757 core:FinanceLeases core:Non-currentFinancialInstruments 2024-04-30 00846757 core:CurrentFinancialInstruments 2024-04-30 00846757 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 00846757 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 00846757 core:FurnitureFittingsToolsEquipment 2024-04-30 00846757 core:LandBuildings 2024-04-30 00846757 core:MotorVehicles 2024-04-30 00846757 bus:SmallEntities 2023-05-01 2024-04-30 00846757 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 00846757 bus:FilletedAccounts 2023-05-01 2024-04-30 00846757 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 00846757 bus:RegisteredOffice 2023-05-01 2024-04-30 00846757 bus:CompanySecretaryDirector1 2023-05-01 2024-04-30 00846757 bus:Director1 2023-05-01 2024-04-30 00846757 bus:Director3 2023-05-01 2024-04-30 00846757 bus:Director4 2023-05-01 2024-04-30 00846757 bus:Director6 2023-05-01 2024-04-30 00846757 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 00846757 bus:OrdinaryShareClass2 2023-05-01 2024-04-30 00846757 bus:OrdinaryShareClass3 2023-05-01 2024-04-30 00846757 bus:OrdinaryShareClass4 2023-05-01 2024-04-30 00846757 bus:OrdinaryShareClass5 2023-05-01 2024-04-30 00846757 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 00846757 bus:Agent1 2023-05-01 2024-04-30 00846757 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 00846757 core:LandBuildings 2023-05-01 2024-04-30 00846757 core:MotorVehicles 2023-05-01 2024-04-30 00846757 core:OfficeEquipment 2023-05-01 2024-04-30 00846757 core:PlantMachinery 2023-05-01 2024-04-30 00846757 countries:EnglandWales 2023-05-01 2024-04-30 00846757 2023-04-30 00846757 core:FurnitureFittingsToolsEquipment 2023-04-30 00846757 core:LandBuildings 2023-04-30 00846757 core:MotorVehicles 2023-04-30 00846757 2022-05-01 2023-04-30 00846757 2023-04-30 00846757 bus:OrdinaryShareClass1 2023-04-30 00846757 bus:OrdinaryShareClass2 2023-04-30 00846757 bus:OrdinaryShareClass3 2023-04-30 00846757 bus:OrdinaryShareClass4 2023-04-30 00846757 bus:OrdinaryShareClass5 2023-04-30 00846757 core:RetainedEarningsAccumulatedLosses 2023-04-30 00846757 core:ShareCapital 2023-04-30 00846757 core:FinanceLeases core:Non-currentFinancialInstruments 2023-04-30 00846757 core:CurrentFinancialInstruments 2023-04-30 00846757 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 00846757 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 00846757 core:FurnitureFittingsToolsEquipment 2023-04-30 00846757 core:LandBuildings 2023-04-30 00846757 core:MotorVehicles 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 00846757

D W Harrison Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

D W Harrison Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

D W Harrison Limited

Company Information

Directors

M D Harrison

R C B Harrison

Mrs I Haslam

Mrs W J Harrison

Miss S A Harrison

Company secretary

R C B Harrison

Registered office

Bridge Farm
Timberland Fen
Lincoln
LN4 3RG

Bankers

Lloyds Bank Plc
202 High Street
Lincoln
Lincolnshire
LN5 7AP

 

D W Harrison Limited

(Registration number: 00846757)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,725,241

1,834,342

Current assets

 

Stocks

5

261,816

310,686

Debtors

6

4,151

48,256

Cash at bank and in hand

 

551,714

642,058

 

817,681

1,001,000

Creditors: Amounts falling due within one year

7

(252,221)

(427,819)

Net current assets

 

565,460

573,181

Total assets less current liabilities

 

2,290,701

2,407,523

Creditors: Amounts falling due after more than one year

7

(19,997)

(19,997)

Provisions for liabilities

(159,969)

(182,702)

Net assets

 

2,110,735

2,204,824

Capital and reserves

 

Called up share capital

8

15,000

15,000

Retained earnings

2,095,735

2,189,824

Shareholders' funds

 

2,110,735

2,204,824

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 January 2025 and signed on its behalf by:
 

.........................................
M D Harrison
Director

 

D W Harrison Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital incorporated in England and Wales and the company registration number is 00846757.

The address of its registered office is:
Bridge Farm
Timberland Fen
Lincoln
LN4 3RG

These financial statements cover the individual entity, DW Harrison Limited.

These financial statements were authorised for issue by the Board on 13 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Going concern

The financial statements have been prepared on a going concern basis.

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 Company’s 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

Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

Basic payment scheme is received in respect of calendar years. Receipt is contingent upon meeting certain eligibility criteria. Once the criteria have been met the income is recognised on a time apportioned basis over the calendar year to which it relates.

 

D W Harrison Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements.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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using rates and allowances that apply to the sale of the asset.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

10% reducing balance basis on buildings only

Tractors, combines and implements

10-25% reducing balance basis

Office equipment

10-25% reducing balance basis

Motor vehicles

25% reducing balance basis

Stocks

The basis of valuation is as follows:

Raw materials and consumables are stated at the lower of cost and net realisable value.

Tenantright is calculated by a combination of actual costs incurred and standard costs.

Produce on hand is valued at standard cost.

Standard costings are based upon calculations prepared by the Central Association of Agricultural Valuers.

The basis of valuation is consistent with previous years.

 

D W Harrison Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distributions to the company’s shareholders are recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 4 (2023 - 4).

 

D W Harrison Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 May 2023

1,415,623

1,306,705

128,893

2,851,221

At 30 April 2024

1,415,623

1,306,705

128,893

2,851,221

Depreciation

At 1 May 2023

340,981

627,897

48,001

1,016,879

Charge for the year

10,547

78,331

20,223

109,101

At 30 April 2024

351,528

706,228

68,224

1,125,980

Carrying amount

At 30 April 2024

1,064,095

600,477

60,669

1,725,241

At 30 April 2023

1,074,642

678,808

80,892

1,834,342

5

Stocks

2024
£

2023
£

Raw materials and consumables

1,875

6,240

Produce on hand

79,838

66,944

Tenantright

180,103

237,502

261,816

310,686

6

Debtors

2024
£

2023
£

Other debtors

1,797

46,525

Prepayments

2,354

1,731

4,151

48,256

 

D W Harrison Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

2,047

89,956

Hire purchase

-

82,829

Taxation and social security

10,107

9,529

Other creditors

232,857

237,710

Accruals and deferred income

7,210

7,795

252,221

427,819

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Hire purchase

19,997

19,997

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

A Ordinary shares of £1 each

8,900

8,900

8,900

8,900

B Ordinary shares of £1 each

5,800

5,800

5,800

5,800

C Ordinary shares of £1 each

100

100

100

100

D Ordinary shares of £1 each

100

100

100

100

E Ordinary shares of £1 each

100

100

100

100

15,000

15,000

15,000

15,000

9

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Hire purchase

19,997

19,997

Hire purchase totalling £19,997 (2023: £19,997) is secured against the assets acquired.

 

D W Harrison Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

2024
£

2023
£

Current loans and borrowings

Hire purchase

-

82,829

Other borrowings

177,239

168,845

177,239

251,674

Hire purchase totalling £nil (2023: £82,829) is secured against the assets acquired.