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Registration number: 13448214

Harries & Bains Ltd

Unaudited Filleted Abridged Financial Statements

for the Period from 1 July 2023 to 30 November 2024

 

Harries & Bains Ltd

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 8

 

Harries & Bains Ltd

Company Information

Directors

Mrs A C Harries

Mr P S Bains

Registered office

14 Greenfield Avenue
Balsall Common
Coventry
Warwickshire
CV7 7UG

Accountants

Stratford Accounting Limited
57a Henley Street
Stratford upon Avon
Warwickshire
CV37 6PT

 

Harries & Bains Ltd

(Registration number: 13448214)
Abridged Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

5

-

5,500

Tangible assets

6

-

21,645

 

-

27,145

Current assets

 

Stocks

7

-

3,000

Cash at bank and in hand

 

24,868

4,918

 

24,868

7,918

Creditors: Amounts falling due within one year

(32,810)

(53,336)

Net current liabilities

 

(7,942)

(45,418)

Total assets less current liabilities

 

(7,942)

(18,273)

Accruals and deferred income

 

(4,014)

(162)

Net liabilities

 

(11,956)

(18,435)

Capital and reserves

 

Called up share capital

8

2

2

Retained earnings

(11,958)

(18,437)

Shareholders' deficit

 

(11,956)

(18,435)

For the financial period ending 30 November 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 period 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) 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 29 January 2025 and signed on its behalf by:
 

 

Harries & Bains Ltd

(Registration number: 13448214)
Abridged Balance Sheet as at 30 November 2024

.........................................
Mrs A C Harries
Director

.........................................
Mr P S Bains
Director

 

Harries & Bains Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 July 2023 to 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
14 Greenfield Avenue
Balsall Common
Coventry
Warwickshire
CV7 7UG

These financial statements were authorised for issue by the Board on 29 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 abridged 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 abridged 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.

Disclosure of long or short period

The accounting period was extended from 30 June 2024 to 30 November 2024 as this is the cessation account. The cafe was sold on 25 November 2024 and the company will be struck off in due course.

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.The company deregistered for VAT on 12 January 2024. Prior to this date, turnover was 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.

 

Harries & Bains Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 July 2023 to 30 November 2024

Tangible assets

Tangible assets are stated in the balance sheet 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

Fixtures, fittings and equipment

over 5 years

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Nil

Lease buyout

Nil

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Harries & Bains Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 July 2023 to 30 November 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2023 - 2).

4

Profit/loss before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

-

7,185

 

Harries & Bains Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 July 2023 to 30 November 2024

5

Intangible assets

Total
£

Cost or valuation

At 1 July 2023

5,500

Disposals

(5,500)

At 30 November 2024

-

Amortisation

Carrying amount

At 30 November 2024

-

At 30 June 2023

5,500

6

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 July 2023

35,924

35,924

Disposals

(35,924)

(35,924)

At 30 November 2024

-

-

Depreciation

At 1 July 2023

14,279

14,279

Eliminated on disposal

(14,279)

(14,279)

At 30 November 2024

-

-

Carrying amount

At 30 November 2024

-

-

At 30 June 2023

21,645

21,645

7

Stocks

2024
£

2023
£

Other inventories

-

3,000

 

Harries & Bains Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 July 2023 to 30 November 2024

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary share of £1 each

2

2

2

2