R J Harris Contracts Limited 03158770 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is the provision of recycling and environmental services to the public and private sector Digita Accounts Production Advanced 6.30.9574.0 true false true true 03158770 2023-06-01 2024-05-31 03158770 2024-05-31 03158770 bus:OrdinaryShareClass1 2024-05-31 03158770 bus:OrdinaryShareClass2 2024-05-31 03158770 bus:OrdinaryShareClass3 2024-05-31 03158770 bus:OrdinaryShareClass4 2024-05-31 03158770 bus:OrdinaryShareClass5 2024-05-31 03158770 bus:PreferenceShareClass1 2024-05-31 03158770 bus:PreferenceShareClass2 2024-05-31 03158770 core:CapitalRedemptionReserve 2024-05-31 03158770 core:RetainedEarningsAccumulatedLosses 2024-05-31 03158770 core:ShareCapital 2024-05-31 03158770 core:CurrentFinancialInstruments 2024-05-31 03158770 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 03158770 core:Goodwill 2024-05-31 03158770 core:FurnitureFittingsToolsEquipment 2024-05-31 03158770 core:LandBuildings 2024-05-31 03158770 core:MotorVehicles 2024-05-31 03158770 bus:SmallEntities 2023-06-01 2024-05-31 03158770 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 03158770 bus:FilletedAccounts 2023-06-01 2024-05-31 03158770 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 03158770 bus:RegisteredOffice 2023-06-01 2024-05-31 03158770 bus:Director1 2023-06-01 2024-05-31 03158770 bus:Director2 2023-06-01 2024-05-31 03158770 bus:Director3 2023-06-01 2024-05-31 03158770 bus:Director4 2023-06-01 2024-05-31 03158770 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 03158770 bus:OrdinaryShareClass2 2023-06-01 2024-05-31 03158770 bus:OrdinaryShareClass3 2023-06-01 2024-05-31 03158770 bus:OrdinaryShareClass4 2023-06-01 2024-05-31 03158770 bus:OrdinaryShareClass5 2023-06-01 2024-05-31 03158770 bus:PreferenceShareClass1 2023-06-01 2024-05-31 03158770 bus:PreferenceShareClass2 2023-06-01 2024-05-31 03158770 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 03158770 bus:Agent1 2023-06-01 2024-05-31 03158770 core:Goodwill 2023-06-01 2024-05-31 03158770 core:Buildings 2023-06-01 2024-05-31 03158770 core:FurnitureFittingsToolsEquipment 2023-06-01 2024-05-31 03158770 core:LandBuildings 2023-06-01 2024-05-31 03158770 core:MotorVehicles 2023-06-01 2024-05-31 03158770 core:PlantMachinery 2023-06-01 2024-05-31 03158770 core:Subsidiary1 2023-06-01 2024-05-31 03158770 core:Subsidiary1 1 2023-06-01 2024-05-31 03158770 core:Subsidiary1 countries:England 2023-06-01 2024-05-31 03158770 countries:England 2023-06-01 2024-05-31 03158770 2023-05-31 03158770 core:Goodwill 2023-05-31 03158770 core:CostValuation 2023-05-31 03158770 core:FurnitureFittingsToolsEquipment 2023-05-31 03158770 core:LandBuildings 2023-05-31 03158770 core:MotorVehicles 2023-05-31 03158770 2022-06-01 2023-05-31 03158770 2023-05-31 03158770 bus:OrdinaryShareClass1 2023-05-31 03158770 bus:OrdinaryShareClass2 2023-05-31 03158770 bus:OrdinaryShareClass3 2023-05-31 03158770 bus:OrdinaryShareClass4 2023-05-31 03158770 bus:OrdinaryShareClass5 2023-05-31 03158770 bus:PreferenceShareClass1 2023-05-31 03158770 bus:PreferenceShareClass2 2023-05-31 03158770 core:CapitalRedemptionReserve 2023-05-31 03158770 core:RetainedEarningsAccumulatedLosses 2023-05-31 03158770 core:ShareCapital 2023-05-31 03158770 core:CurrentFinancialInstruments 2023-05-31 03158770 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 03158770 core:FurnitureFittingsToolsEquipment 2023-05-31 03158770 core:LandBuildings 2023-05-31 03158770 core:MotorVehicles 2023-05-31 03158770 core:Subsidiary1 1 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 03158770

R J Harris Contracts Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

R J Harris Contracts Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 11

 

R J Harris Contracts Limited

Company Information

Directors

JR Harris

W Gillett

MA Harris

A Harris

Registered office

18 New Road
Clanfield
Waterlooville
Hampshire
PO8 0NS

Accountants

MMO Limited
Chartered Accountants
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
R J Harris Contracts Limited
for the Year Ended 31 May 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of R J Harris Contracts Limited for the year ended 31 May 2024 as set out on pages 3 to 11 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of R J Harris Contracts Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of R J Harris Contracts Limited and state those matters that we have agreed to state to the Board of Directors of R J Harris Contracts Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than R J Harris Contracts Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that R J Harris Contracts Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of R J Harris Contracts Limited. You consider that R J Harris Contracts Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of R J Harris Contracts Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

MMO Limited
Chartered Accountants
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

14 January 2025

 

R J Harris Contracts Limited

(Registration number: 03158770)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

189,265

209,398

Investments

6

2

2

 

189,267

209,400

Current assets

 

Stocks

7

1,500

1,500

Debtors

8

143,827

147,380

Cash at bank and in hand

 

282,429

214,389

 

427,756

363,269

Creditors: Amounts falling due within one year

9

(168,685)

(130,429)

Net current assets

 

259,071

232,840

Total assets less current liabilities

 

448,338

442,240

Provisions for liabilities

(9,527)

(11,510)

Net assets

 

438,811

430,730

Capital and reserves

 

Called up share capital

10

50,400

50,400

Capital redemption reserve

9,994

9,994

Retained earnings

378,417

370,336

Shareholders' funds

 

438,811

430,730

 

R J Harris Contracts Limited

(Registration number: 03158770)
Balance Sheet as at 31 May 2024

For the financial year ending 31 May 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 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 14 January 2025 and signed on its behalf by:
 

.........................................
JR Harris
Director

 

R J Harris Contracts Limited

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

1

General information

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

The address of its registered office is:
18 New Road
Clanfield
Waterlooville
Hampshire
PO8 0NS

These financial statements were authorised for issue by the Board on 14 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.

All figures are presented in British Sterling, which is the functional currency of the company, and are rounded to the nearest £1.

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

Government grants relating to revenue expenditure are recognised in income over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

 

R J Harris Contracts Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 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 is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 reporting date and that are expected to apply to the reversal of the timing difference.

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

Plant and Machinery

15%- written down value

Fixtures, fittings & equipment

10%- written down value

Motor vehicles

25%- written down value

Leasehold property

4%- straight line method

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

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.

 

R J Harris Contracts Limited

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

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

fully amortised

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

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.

 

R J Harris Contracts Limited

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

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 distribution to the company’s shareholders is 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 9 (2023 - 9).

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 June 2023

100,000

100,000

At 31 May 2024

100,000

100,000

Amortisation

At 1 June 2023

100,000

100,000

At 31 May 2024

100,000

100,000

Carrying amount

At 31 May 2024

-

-

 

R J Harris Contracts Limited

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

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 June 2023

242,313

456,949

157,408

856,670

Additions

-

669

-

669

At 31 May 2024

242,313

457,618

157,408

857,339

Depreciation

At 1 June 2023

93,495

416,170

137,607

647,272

Charge for the year

9,693

6,159

4,950

20,802

At 31 May 2024

103,188

422,329

142,557

668,074

Carrying amount

At 31 May 2024

139,125

35,289

14,851

189,265

At 31 May 2023

148,818

40,779

19,801

209,398

Included within the net book value of land and buildings above is £139,125 (2023 - £148,818) in respect of freehold land and buildings.
 

6

Investments

2024
£

2023
£

Investments in subsidiaries

2

2

Subsidiaries

£

Cost or valuation

At 1 June 2023

2

Provision

Carrying amount

At 31 May 2024

2

At 31 May 2023

2

 

R J Harris Contracts Limited

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

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

R J Harris Haulage Limited

Wellesley House, 204 London Road, Waterlooville
Hants
PO7 7AN

England

Ordinary

100%

100%

Subsidiary undertakings

R J Harris Haulage Limited

The principal activity of R J Harris Haulage Limited is Dormant.

7

Stocks

2024
£

2023
£

Other inventories

1,500

1,500

8

Debtors

Current

2024
£

2023
£

Trade debtors

94,812

92,630

Prepayments

36,615

37,550

Other debtors

12,400

17,200

 

143,827

147,380

 

R J Harris Contracts Limited

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

9

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

34,998

25,518

Taxation and social security

45,033

29,546

Accruals and deferred income

4,657

4,657

Other creditors

83,997

70,708

168,685

130,429

10

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100

Ordinary A Shares of £1 each

100

100

100

100

Ordinary B Shares of £1 each

50,000

50,000

50,000

50,000

Ordinary C shares of £1 each

50

50

50

50

Ordinary D shares of £1 each

50

50

50

50

Ordinary E shares of £1 each

50

50

50

50

Ordinary F shares of £1 each

50

50

50

50

50,400

50,400

50,400

50,400