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REGISTERED NUMBER: 00880424 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Harleys Corrugated Cases Limited

Harleys Corrugated Cases Limited (Registered number: 00880424)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Harleys Corrugated Cases Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: D R Harley
Mrs A Harley
T H Noon





REGISTERED OFFICE: Lonsdale Road
Thurmaston
Leicester
LE4 8JF





REGISTERED NUMBER: 00880424 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Harleys Corrugated Cases Limited (Registered number: 00880424)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 2,400 4,800
Tangible assets 5 524,062 456,762
526,462 461,562

CURRENT ASSETS
Stocks 30,000 30,000
Debtors 6 678,604 809,340
Cash at bank and in hand 554,034 469,386
1,262,638 1,308,726
CREDITORS
Amounts falling due within one year 7 (374,798 ) (363,765 )
NET CURRENT ASSETS 887,840 944,961
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,414,302

1,406,523

PROVISIONS FOR LIABILITIES (113,811 ) (115,391 )
NET ASSETS 1,300,491 1,291,132

CAPITAL AND RESERVES
Called up share capital 11,200 11,200
Capital redemption reserve 9,360 9,360
Retained earnings 1,279,931 1,270,572
1,300,491 1,291,132

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

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

Harleys Corrugated Cases Limited (Registered number: 00880424)

Balance Sheet - continued
31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 November 2024 and were signed on its behalf by:





D R Harley - Director


Harleys Corrugated Cases Limited (Registered number: 00880424)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Harleys Corrugated Cases Limited 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to leasehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33 1/3% on cost

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Harleys Corrugated Cases Limited (Registered number: 00880424)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 27 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 June 2023
and 31 May 2024 12,000
AMORTISATION
At 1 June 2023 7,200
Amortisation for year 2,400
At 31 May 2024 9,600
NET BOOK VALUE
At 31 May 2024 2,400
At 31 May 2023 4,800

5. TANGIBLE FIXED ASSETS
Improvements
to Fixtures
leasehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 June 2023 29,693 1,026,356 275
Additions 91,206 - 4,193
Disposals - (10,000 ) -
At 31 May 2024 120,899 1,016,356 4,468
DEPRECIATION
At 1 June 2023 954 684,332 165
Charge for year 2,418 51,188 670
Eliminated on disposal - (9,231 ) -
At 31 May 2024 3,372 726,289 835
NET BOOK VALUE
At 31 May 2024 117,527 290,067 3,633
At 31 May 2023 28,739 342,024 110

Harleys Corrugated Cases Limited (Registered number: 00880424)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2023 223,672 18,586 1,298,582
Additions 77,680 404 173,483
Disposals (45,015 ) - (55,015 )
At 31 May 2024 256,337 18,990 1,417,050
DEPRECIATION
At 1 June 2023 138,642 17,727 841,820
Charge for year 37,380 564 92,220
Eliminated on disposal (31,821 ) - (41,052 )
At 31 May 2024 144,201 18,291 892,988
NET BOOK VALUE
At 31 May 2024 112,136 699 524,062
At 31 May 2023 85,030 859 456,762

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 621,303 752,621
Amounts owed by group undertakings - 1,200
Other debtors 57,301 55,519
678,604 809,340

Other debtors includes prepayments and accrued income of £56,501 (2023 - £55,519).

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 204,672 191,725
Amounts owed to group undertakings 10,700 -
Taxation and social security 136,098 149,860
Other creditors 23,328 22,180
374,798 363,765

Other creditors includes accruals and deferred income of £18,367 (2023 - £19,168).