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REGISTERED NUMBER: 00290568 (England and Wales)







Unaudited Financial Statements

for the Year Ended

30 May 2024

for

C.F.Harris Limited

C.F.Harris Limited (Registered number: 00290568)






Contents of the Financial Statements
for the Year Ended 30 May 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


C.F.Harris Limited (Registered number: 00290568)

Balance Sheet
30 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 333,174 319,589

CURRENT ASSETS
Debtors 5 3,787,556 3,640,695
Cash at bank 86,138 194,793
3,873,694 3,835,488
CREDITORS
Amounts falling due within one year 6 1,156,085 1,391,296
NET CURRENT ASSETS 2,717,609 2,444,192
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,050,783

2,763,781

CREDITORS
Amounts falling due after more than one
year

7

(1,051,404

)

(850,356

)

PROVISIONS FOR LIABILITIES 9 (65,452 ) (58,847 )
NET ASSETS 1,933,927 1,854,578

CAPITAL AND RESERVES
Called up share capital 10 20,000 20,000
Retained earnings 1,913,927 1,834,578
1,933,927 1,854,578

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

C.F.Harris Limited (Registered number: 00290568)

Balance Sheet - continued
30 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 February 2025 and were signed by:





J S Brooksbank - Director


C.F.Harris Limited (Registered number: 00290568)

Notes to the Financial Statements
for the Year Ended 30 May 2024

1. STATUTORY INFORMATION

C.F.Harris Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00290568

Registered office: Clifton House
Birkby Lane
Bailiff Bridge
Brighouse
West Yorkshire
HD6 4JJ

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 UK and Republic of Ireland" and the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to give a true and fair view.

The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised on delivery. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable.

Tangible fixed assets
Tangible fixed assets are stated at purchase cost together with any incidental expenses of acquisition, net of depreciation and any provision for impairment.

Depreciation is provided on all tangible assets, at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows:

Freehold property- 10 years straight line
Plant & machinery- 10 to 20 years straight line
Fixtures & fittings- 4 years straight line
Motor vehicles- 4 years straight line
Office equipment- 4 years straight line


Residual value represents the estimated amount which would currently be obtained from disposal of an asset after deducting estimated costs of disposal, if the asset were already at an age and in the condition expected at the end of its estimated useful life.

The gain or loss arising on the disposal of an asset is determined on the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.


C.F.Harris Limited (Registered number: 00290568)

Notes to the Financial Statements - continued
for the Year Ended 30 May 2024

2. ACCOUNTING POLICIES - continued
Taxation
Current tax, including UK corporation tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by shareholders at an Annual General Meeting.

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

All financial assets and liabilities are initially measured at transaction price (including transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

The following assets and liabilities are classified as basic financial instruments - trade debtors, other debtors, cash and bank balances, trade creditors and other creditors.

Trade debtors, other debtors, cash and bank balances, trade creditors, and other creditors are measured at the amortised cost equivalent to the undiscounted amount of cash or other consideration expected to be paid or received.

Provisions for liabilities
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Statement of
Financial Position.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

C.F.Harris Limited (Registered number: 00290568)

Notes to the Financial Statements - continued
for the Year Ended 30 May 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 31 May 2023 254,998 567,419 822,417
Additions - 49,378 49,378
At 30 May 2024 254,998 616,797 871,795
DEPRECIATION
At 31 May 2023 244,653 258,175 502,828
Charge for year 9,592 26,201 35,793
At 30 May 2024 254,245 284,376 538,621
NET BOOK VALUE
At 30 May 2024 753 332,421 333,174
At 30 May 2023 10,345 309,244 319,589

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 174,657 319,752
Other debtors 2,726,495 2,470,587
2,901,152 2,790,339

Amounts falling due after more than one year:
Other debtors 886,404 850,356

Aggregate amounts 3,787,556 3,640,695

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 117,453 338,982
Taxation and social security 205,445 247,102
Other creditors 833,187 805,212
1,156,085 1,391,296

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 1,051,404 850,356

C.F.Harris Limited (Registered number: 00290568)

Notes to the Financial Statements - continued
for the Year Ended 30 May 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 60,000 -
Between one and five years 225,000 -
285,000 -

9. PROVISIONS FOR LIABILITIES

Restoration
Provision
£   

At 30 May 2023850,356
Charged to profit or loss201,048
At 30 May 20241,051,404
Restoration provision

As set out in the Deed of Trust and Escrow between the Company and the Environment Agency dated 22 May 2006 in relation to the specified waste management activity at Sherburn Quarry the Company is required to maintain adequate financial provision in relation to its duties as permit holder under the Pollution, Prevention and Control Regulations 2000.

This required the Company to pay sums into an Escrow account in respect of tonnes of waste deposited at the quarry over the five years from the date of the trust deed, such sums which shall be held by the Environment Agency until all of the Company's obligations in relation to the quarry pursuant to the Pollution, Prevention and Control Regulations have been wholly discharged, for these purposes being 60 years from the date of the deed. In accordance with the deed the Agency will withdraw monies from the account to satisfy its expenses in checking compliance with the Regulations.

10. CALLED UP SHARE CAPITAL

2024 2023
£ £
Allotted, issued and fully paid 5,000 5,000
8.75% preference shares of £1.00 each 15,000 15,000
20,000 20,000

The preference shares carry the right to receive cumulative dividends first out of any profits distributed and to receive capital and accrued dividends first in the event of winding up. They carry no voting rights and are non-redeemable.

11. RELATED PARTY DISCLOSURES

At the balance sheet date £203,786 (2023 - £88,697) was owed to entities under common control or controlled by close family members, of the director and shareholder of C.F. Harris Limited, and £2,678,793 (2023 - £2,273,509) was owed by entities under common control or controlled by close family members, of the director and shareholder of C.F. Harris Limited.