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Registration number: 09067061

Harries-Jones Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Harries-Jones Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Harries-Jones Limited

(Registration number: 09067061)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

254,969

261,607

Current assets

 

Debtors

5

355,558

247,243

Cash at bank and in hand

 

6,589

18,927

 

362,147

266,170

Creditors: Amounts falling due within one year

6

(151,834)

(139,139)

Net current assets

 

210,313

127,031

Total assets less current liabilities

 

465,282

388,638

Creditors: Amounts falling due after more than one year

6

(65,862)

(60,650)

Net assets

 

399,420

327,988

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

399,320

327,888

Shareholders' funds

 

399,420

327,988

 

Harries-Jones Limited

(Registration number: 09067061)
Balance Sheet as at 30 June 2024

For the financial year ending 30 June 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 12 March 2025 and signed on its behalf by:
 

.........................................
Mr C Harries-Jones
Director

 

Harries-Jones Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

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

The address of its registered office is:
30 St Giles'
Oxford
OX1 3LE

The principal place of business is:
176 Banbury Road
Summertown
Oxford
OX2 7BT

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the 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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss.

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.

 

Harries-Jones Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

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

Leasehold Improvements

Straight line over lease term

Fixtures and Fittings

20% Straight Line

Vehicles

20% Straight Line

Land and buildings

nil

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 services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. 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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

 

Harries-Jones Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 July 2023

314,710

16,046

774

331,530

At 30 June 2024

314,710

16,046

774

331,530

Depreciation

At 1 July 2023

53,103

16,046

774

69,923

Charge for the year

6,638

-

-

6,638

At 30 June 2024

59,741

16,046

774

76,561

Carrying amount

At 30 June 2024

254,969

-

-

254,969

At 30 June 2023

261,607

-

-

261,607

Included within the net book value of land and buildings above is £155,407 (2023 - £155,407) in respect of freehold land and buildings and £99,562 (2023 - £106,200) in respect of short leasehold land and buildings.
 

5

Debtors

2024
£

2023
£

Trade debtors

2,400

2,400

Prepayments

3,046

1,470

Other debtors

350,112

243,373

355,558

247,243

 

Harries-Jones Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

7,121

6,951

Taxation and social security

 

53,178

28,670

Accruals and deferred income

 

3,446

2,519

Other creditors

 

88,089

100,999

 

151,834

139,139

Creditors include bank loans which are secured of £7,121 (2023 - £7,689).

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

65,862

60,650

Creditors include bank loans which are secured of £65,862 (2023 - £60,624)

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100

       
 

Harries-Jones Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

65,862

60,650

Current loans and borrowings

2024
£

2023
£

Bank borrowings

7,121

6,951

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £195,000 (2023 - £210,000).