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Registered number: 12237067
Harris Transportation Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 12237067
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 609,384 765,275
609,384 765,275
CURRENT ASSETS
Debtors 5 393,327 315,238
Cash at bank and in hand 248,563 166,984
641,890 482,222
Creditors: Amounts Falling Due Within One Year 6 (301,285 ) (199,209 )
NET CURRENT ASSETS (LIABILITIES) 340,605 283,013
TOTAL ASSETS LESS CURRENT LIABILITIES 949,989 1,048,288
Creditors: Amounts Falling Due After More Than One Year 7 (523,180 ) (683,544 )
NET ASSETS 426,809 364,744
CAPITAL AND RESERVES
Called up share capital 8 10 10
Income Statement 426,799 364,734
SHAREHOLDERS' FUNDS 426,809 364,744
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Page 2
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr William Harris
Director
22/11/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Harris Transportation Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12237067 . The registered office is C/O Ridgell & Guildway Accountants Ltd 3 Guild Way, South Woodham Ferrers, Chelmsford, CM3 5TG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 10%
Motor Vehicles 20%
Fixtures & Fittings 25%
3. Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2023: 11)
16 11
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 November 2023 5,094 790,437 70,183 865,714
Additions - 130,376 1,500 131,876
Disposals - (153,600 ) (16,333 ) (169,933 )
As at 31 October 2024 5,094 767,213 55,350 827,657
Depreciation
As at 1 November 2023 1,485 85,606 13,348 100,439
Provided during the period 509 133,498 13,744 147,751
Disposals - (26,060 ) (3,857 ) (29,917 )
As at 31 October 2024 1,994 193,044 23,235 218,273
Net Book Value
As at 31 October 2024 3,100 574,169 32,115 609,384
As at 1 November 2023 3,609 704,831 56,835 765,275
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 243,983 150,238
Other debtors 149,344 165,000
393,327 315,238
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 38,162 25,362
Other loans 66,667 -
Other taxes and social security 20,683 13,781
VAT 92,212 47,657
Net wages 52,653 32,640
Other creditors 3,761 2,093
Other creditors (1) 1,677 -
Director's loan account 25,470 77,676
301,285 199,209
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 5,167
Other creditors 523,180 678,377
523,180 683,544
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
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