IRIS Accounts Production v24.3.2.46 02706363 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false false true false Ordinary 1.00000 Redeemable Ordinary A 1.00000 Ordinary A,B & C 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh027063632023-06-30027063632024-06-30027063632023-07-012024-06-30027063632022-06-30027063632022-07-012023-06-30027063632023-06-3002706363ns15:EnglandWales2023-07-012024-06-3002706363ns14:PoundSterling2023-07-012024-06-3002706363ns10:Director12023-07-012024-06-3002706363ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3002706363ns10:SmallEntities2023-07-012024-06-3002706363ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3002706363ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3002706363ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3002706363ns10:FullAccounts2023-07-012024-06-300270636312023-07-012024-06-3002706363ns10:OrdinaryShareClass12023-07-012024-06-3002706363ns10:OrdinaryShareClass22023-07-012024-06-3002706363ns10:OrdinaryShareClass32023-07-012024-06-3002706363ns10:Director22023-07-012024-06-3002706363ns10:Director32023-07-012024-06-3002706363ns10:CompanySecretary12023-07-012024-06-3002706363ns10:RegisteredOffice2023-07-012024-06-3002706363ns5:CurrentFinancialInstruments2024-06-3002706363ns5:CurrentFinancialInstruments2023-06-3002706363ns5:Non-currentFinancialInstruments2024-06-3002706363ns5:Non-currentFinancialInstruments2023-06-3002706363ns5:ShareCapital2024-06-3002706363ns5:ShareCapital2023-06-3002706363ns5:RetainedEarningsAccumulatedLosses2024-06-3002706363ns5:RetainedEarningsAccumulatedLosses2023-06-3002706363ns5:NetGoodwill2023-07-012024-06-3002706363ns5:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3002706363ns5:PlantMachinery2023-07-012024-06-3002706363ns5:NetGoodwill2023-06-3002706363ns5:NetGoodwill2024-06-3002706363ns5:NetGoodwill2023-06-3002706363ns5:PlantMachinery2023-06-3002706363ns5:PlantMachinery2024-06-3002706363ns5:PlantMachinery2023-06-3002706363ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-06-3002706363ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-06-3002706363ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-07-012024-06-3002706363ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-06-3002706363ns5:CostValuation2023-06-3002706363ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3002706363ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3002706363ns10:OrdinaryShareClass12024-06-3002706363ns10:OrdinaryShareClass22024-06-3002706363ns10:OrdinaryShareClass32024-06-30027063631ns10:Director12023-06-30027063631ns10:Director12022-06-30027063631ns10:Director12023-07-012024-06-30027063631ns10:Director12022-07-012023-06-30027063631ns10:Director12024-06-30027063631ns10:Director12023-06-30
REGISTERED NUMBER: 02706363 (England and Wales)















HARRIS PARTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






HARRIS PARTS LIMITED (REGISTERED NUMBER: 02706363)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HARRIS PARTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: P E Day
B E Day
S Day





SECRETARY: P E Day





REGISTERED OFFICE: 12 Warwick Street
Earlsdon
Coventry
West Midlands
CV5 6ET





REGISTERED NUMBER: 02706363 (England and Wales)





ACCOUNTANTS: Burrows Scarborough
Sovereign House
12 Warwick Street
Coventry
West Midlands
CV5 6ET

HARRIS PARTS LIMITED (REGISTERED NUMBER: 02706363)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 313,780 258,263
Investments 6 43,200 43,200
356,980 301,463

CURRENT ASSETS
Stocks 1,152,346 1,427,501
Debtors 7 1,295,271 1,331,004
Cash at bank and in hand 849,068 772,365
3,296,685 3,530,870
CREDITORS
Amounts falling due within one year 8 1,205,338 1,470,141
NET CURRENT ASSETS 2,091,347 2,060,729
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,448,327

2,362,192

CREDITORS
Amounts falling due after more than one
year

9

(109,462

)

(213,746

)

PROVISIONS FOR LIABILITIES (76,626 ) (62,348 )
NET ASSETS 2,262,239 2,086,098

CAPITAL AND RESERVES
Called up share capital 11 500 500
Retained earnings 2,261,739 2,085,598
SHAREHOLDERS' FUNDS 2,262,239 2,086,098

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 PARTS LIMITED (REGISTERED NUMBER: 02706363)

BALANCE SHEET - continued
30 JUNE 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 & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:





S Day - Director


HARRIS PARTS LIMITED (REGISTERED NUMBER: 02706363)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Harris Parts 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 represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1999, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - at varying rates on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised 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 Profit & Loss Account, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

HARRIS PARTS LIMITED (REGISTERED NUMBER: 02706363)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 69 (2023 - 61 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 205,000
AMORTISATION
At 1 July 2023
and 30 June 2024 205,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 1,580,947
Additions 168,115
At 30 June 2024 1,749,062
DEPRECIATION
At 1 July 2023 1,322,684
Charge for year 112,598
At 30 June 2024 1,435,282
NET BOOK VALUE
At 30 June 2024 313,780
At 30 June 2023 258,263

HARRIS PARTS LIMITED (REGISTERED NUMBER: 02706363)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2023 259,301
Transfer to ownership (36,869 )
At 30 June 2024 222,432
DEPRECIATION
At 1 July 2023 133,850
Charge for year 44,487
Transfer to ownership (25,807 )
At 30 June 2024 152,530
NET BOOK VALUE
At 30 June 2024 69,902
At 30 June 2023 125,451

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 43,200
NET BOOK VALUE
At 30 June 2024 43,200
At 30 June 2023 43,200

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,173,909 1,190,112
Other debtors 121,362 140,892
1,295,271 1,331,004

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 64,230 64,229
Hire purchase contracts 41,898 46,454
Trade creditors 425,509 649,226
Taxation and social security 371,314 385,900
Other creditors 302,387 324,332
1,205,338 1,470,141

HARRIS PARTS LIMITED (REGISTERED NUMBER: 02706363)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 92,100 156,330
Hire purchase contracts 17,362 57,416
109,462 213,746

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 59,260 103,870

The company's bankers, Barclays Bank PLC, have a fixed and floating charge over all assets of the company in respect of any future bank borrowings.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
100 Redeemable Ordinary A £1 100 100
300 Ordinary A,B & C £1 300 300
500 500

There is no specific date of redemption for the redeemable shares.
Rights pertaining to these shares will be decided in the general meetings from time to time. The shares have no voting rights in general meetings of the company.
In the event of repayment of the capital this shall be at the amount originally subscribed.

Ordinary A, B & C shares have their own distribution rights (at the director's discretion) but otherwise rank equally and carry full voting rights and capital participation.

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
S Day
Balance outstanding at start of year 1,444 -
Amounts advanced 1,845 1,444
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,289 1,444