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REGISTERED NUMBER: 00880590 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

HARRY BATES LIMITED

HARRY BATES LIMITED (REGISTERED NUMBER: 00880590)

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


HARRY BATES LIMITED

Company Information
for the Year Ended 31 May 2024







DIRECTORS: D J Bates
P R Mather
J H Bates
G R Mather



SECRETARY: Mrs E Bates



REGISTERED OFFICE: 106 Shaw Heath
Shaw Heath
Stockport
Cheshire
SK2 6QS



REGISTERED NUMBER: 00880590 (England and Wales)



ACCOUNTANTS: BTMR Limited
Century Buildings
14 St Mary's Parsonage
Manchester
M3 2DF



BANKERS: Co-operative Bank Plc
PO Box 101
1, Balloon Street
Manchester
M60 4EP

HARRY BATES LIMITED (REGISTERED NUMBER: 00880590)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,505 7,012
Investments 5 100 100
5,605 7,112

CURRENT ASSETS
Stocks 2,041,274 1,963,433
Debtors 6 8,380 16,568
Cash at bank and in hand 499 719
2,050,153 1,980,720
CREDITORS
Amounts falling due within one year 7 1,080,205 1,029,659
NET CURRENT ASSETS 969,948 951,061
TOTAL ASSETS LESS CURRENT
LIABILITIES

975,553

958,173

CREDITORS
Amounts falling due after more than one
year

8

463,944

339,152
NET ASSETS 511,609 619,021

CAPITAL AND RESERVES
Called up share capital 882 882
Share premium 39,547 39,547
Retained earnings 471,180 578,592
SHAREHOLDERS' FUNDS 511,609 619,021

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.

HARRY BATES LIMITED (REGISTERED NUMBER: 00880590)

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 27 February 2025 and were signed on its behalf by:





D J Bates - Director


HARRY BATES LIMITED (REGISTERED NUMBER: 00880590)

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


1. STATUTORY INFORMATION

Harry Bates 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 accounted for as revenue when, and to the extent that, the company obtains a right to consideration in exchange for its performance of its obligations under the sales contract with the customer. The amount reported as revenue is the fair value of the right to consideration - usually the price specified in the contractual arrangement net of discounts and net of VAT, and after any allowance for credit risk and other uncertainties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance and 15% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are initially recorded at 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 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual contact that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

HARRY BATES LIMITED (REGISTERED NUMBER: 00880590)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 June 2023
and 31 May 2024 20,508 188,253 24,982 233,743
DEPRECIATION
At 1 June 2023 20,126 185,699 20,906 226,731
Charge for year 58 430 1,019 1,507
At 31 May 2024 20,184 186,129 21,925 228,238
NET BOOK VALUE
At 31 May 2024 324 2,124 3,057 5,505
At 31 May 2023 382 2,554 4,076 7,012

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2023
and 31 May 2024 100
NET BOOK VALUE
At 31 May 2024 100
At 31 May 2023 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 6,693 7,510
Other debtors - 7,600
Prepayments 1,687 1,458
8,380 16,568

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 101,023 101,796
Trade creditors 219,841 120,097
Taxation and social security 95,219 151,908
Other creditors 664,122 655,858
1,080,205 1,029,659

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Other creditors 463,944 339,152

HARRY BATES LIMITED (REGISTERED NUMBER: 00880590)

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


9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.5.24 31.5.23
£    £   
Within one year 12,386 11,447
Between one and five years 23,170 23,532
35,556 34,979

10. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank overdrafts 101,023 101,796

Bank overdrafts are secured against all company assets.

11. ULTIMATE CONTROLLING PARTY

There is no single controlling party. The Bates family own 63% of the issued share capital. The company was under the operational control of Mr D Bates throughout the current and previous year. Mr D Bates is the managing director and a shareholder of the company.