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REGISTERED NUMBER: 08057789 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Harris Retail Solutions Limited

Harris Retail Solutions Limited (Registered number: 08057789)






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

Chartered Accountant's Report 7

Harris Retail Solutions Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: D P Harris
Miss J Convine
P W Harris





REGISTERED OFFICE: 52 Gold Street
Northampton
NN1 1RS





REGISTERED NUMBER: 08057789 (England and Wales)





ACCOUNTANT: Zinaida Silins FCA
Hybank
12 Old Road
Walgrave
Northamptonshire
NN6 9QW

Harris Retail Solutions Limited (Registered number: 08057789)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,500 25,000

CURRENT ASSETS
Stocks 116,677 117,222
Debtors 5 44,123 9,503
Cash at bank and in hand 86,053 118,340
246,853 245,065
CREDITORS
Amounts falling due within one year 6 55,807 56,419
NET CURRENT ASSETS 191,046 188,646
TOTAL ASSETS LESS CURRENT
LIABILITIES

203,546

213,646

CREDITORS
Amounts falling due after more than one
year

7

(11,667

)

(21,667

)

PROVISIONS FOR LIABILITIES (3,125 ) (4,750 )
NET ASSETS 188,754 187,229

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 188,654 187,129
SHAREHOLDERS' FUNDS 188,754 187,229

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.

Harris Retail Solutions Limited (Registered number: 08057789)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by:





D P Harris - Director


Harris Retail Solutions Limited (Registered number: 08057789)

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

1. STATUTORY INFORMATION

Harris Retail Solutions 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, 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 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.

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 5 (2023 - 4 ) .

Harris Retail Solutions Limited (Registered number: 08057789)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023
and 31 May 2024 12,919 58,300 2,261 73,480
DEPRECIATION
At 1 June 2023 12,919 33,300 2,261 48,480
Charge for year - 12,500 - 12,500
At 31 May 2024 12,919 45,800 2,261 60,980
NET BOOK VALUE
At 31 May 2024 - 12,500 - 12,500
At 31 May 2023 - 25,000 - 25,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,625 6,486
Directors' current accounts 39,920 -
Prepayments 1,578 3,017
44,123 9,503

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Tax 24,607 25,826
Social security and other taxes 410 -
VAT 12,113 12,315
Other creditors 3,782 3,538
Directors' current accounts - 80
Accrued expenses 4,895 4,660
55,807 56,419

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 11,667 21,667

Harris Retail Solutions Limited (Registered number: 08057789)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
D P Harris
Balance outstanding at start of year (80 ) (90 )
Amounts advanced 20,000 10
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,920 (80 )

Miss J Convine
Balance outstanding at start of year - -
Amounts advanced 20,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,000 -

The amounts advanced to Directors during the year were repaid in full on the 15 January 2025.

9. ULTIMATE CONTROLLING PARTY

The controlling party is D P Harris.

The ultimate controlling party is D P Harris.

Chartered Accountant's Report to the Board of Directors
on the Unaudited Financial Statements of
Harris Retail Solutions Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Harris Retail Solutions Limited for the year ended 31 May 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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

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

I have not been instructed to carry out an audit or a review of the financial statements of Harris Retail Solutions Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.






Zinaida Silins FCA
Hybank
12 Old Road
Walgrave
Northamptonshire
NN6 9QW


25 February 2025