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Registration number: 00828285

L. Harvey & Son Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2024

 

L. Harvey & Son Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

L. Harvey & Son Limited

Company Information

Directors

A J Kinehan

R Ellerby

P Jackson

Company secretary

G L Harvey

Registered office

Unit 4 Le Flaive Business Park
Church Lane
High Wycombe
Buckinghamshire
HP14 4US

Accountants

Barrys Accountants Limited
Chartered Certified Accountants
35A Hazlemere Road
Penn
High Wycombe
Buckinghamshire
HP10 8AD

 

L. Harvey & Son Limited

(Registration number: 00828285)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

20,979

20,071

Current assets

 

Stocks

5

3,000

2,970

Debtors

6

2,063,197

2,593,900

Cash at bank and in hand

 

226,849

259,620

 

2,293,046

2,856,490

Creditors: Amounts falling due within one year

7

(1,306,094)

(1,895,507)

Net current assets

 

986,952

960,983

Total assets less current liabilities

 

1,007,931

981,054

Creditors: Amounts falling due after more than one year

7

(48,611)

(131,945)

Provisions for liabilities

(4,767)

(4,151)

Net assets

 

954,553

844,958

Capital and reserves

 

Called up share capital

8

600

600

Retained earnings

953,953

844,358

Shareholders' funds

 

954,553

844,958

For the financial year ending 30 November 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 26 March 2025 and signed on its behalf by:
 

 

L. Harvey & Son Limited

(Registration number: 00828285)
Balance Sheet as at 30 November 2024

.........................................
R Ellerby
Director

 

L. Harvey & Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 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:
Unit 4 Le Flaive Business Park
Church Lane
High Wycombe
Buckinghamshire
HP14 4US
UK

These financial statements were authorised for issue by the Board on 26 March 2025.

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.

Going concern

The financial statements have been prepared on a going concern basis.

Contract revenue recognition

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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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.

 

L. Harvey & Son Limited

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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

Fixtures and fittings

straight line over 4 years

Motor vehicles

25% on reducing balance basis

Office equipment

straight line over 3 years

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 51 (2023 - 55).

 

L. Harvey & Son Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 December 2023

173,348

68,834

242,182

Additions

12,447

-

12,447

Disposals

(77,460)

-

(77,460)

At 30 November 2024

108,335

68,834

177,169

Depreciation

At 1 December 2023

163,427

58,684

222,111

Charge for the year

9,002

2,537

11,539

Eliminated on disposal

(77,460)

-

(77,460)

At 30 November 2024

94,969

61,221

156,190

Carrying amount

At 30 November 2024

13,366

7,613

20,979

At 30 November 2023

9,921

10,150

20,071

5

Stocks

2024
£

2023
£

Other inventories

3,000

2,970

6

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

1,904,799

2,529,382

Amounts owed by related parties

12

66,658

7,268

Prepayments

 

46,639

37,394

Other debtors

 

45,101

19,856

   

2,063,197

2,593,900

 

L. Harvey & Son Limited

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

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

83,333

83,333

Trade creditors

 

1,032,312

1,397,531

Amounts owed to group undertakings and undertakings in which the company has a participating interest

12

-

152,609

Taxation and social security

 

107,097

101,605

Accruals and deferred income

 

16,771

35,914

Other creditors

 

66,581

124,515

 

1,306,094

1,895,507

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

48,611

131,945

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

600

600

600

600

       
 

L. Harvey & Son Limited

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

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

48,611

131,945

Current loans and borrowings

2024
£

2023
£

Bank borrowings

83,333

83,333

10

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2024
£

2023
£

Not later than one year

86,009

80,262

Later than one year and not later than five years

22,417

56,045

108,426

136,307

The amount of non-cancellable operating lease payments recognised as an expense during the year was £123,026 (2023 - £108,959).

11

Dividends

2024

2023

£

£

Interim dividend of £311 (2023 - £317) per ordinary share

186,803

190,232

 

 
 

L. Harvey & Son Limited

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

12

Related party transactions

Transactions with directors

2024

At 1 December 2023
£

Advances to director
£

At 30 November 2024
£

A J Kinehan

Loans advanced

2,880

498

3,378

R Ellerby

Loans advanced

4,786

1,297

6,083

2023

At 1 December 2022
£

Advances to director
£

At 30 November 2023
£

A J Kinehan

Loans advanced

2,205

675

2,880

R Ellerby

Loans advanced

3,394

1,392

4,786

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

232,917

242,434

Contributions paid to money purchase schemes

27,000

22,567

259,917

265,001

Summary of transactions with parent

L Harvey & Son Group Limited
 Dividends paid
 

Summary of transactions with entities with joint control or significant interest

Fellow subsidiary companies
 

Expenditure with and payables to related parties

 

L. Harvey & Son Limited

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

2024

Parent
£

Amounts payable to related party

186,303

2023

Parent
£

Amounts payable to related party

190,232

Loans to related parties

2024

Parent
£

Entities with joint control or significant influence
£

Total
£

At start of period

7,268

-

7,268

Advanced

550

58,840

59,390

At end of period

7,818

58,840

66,658

2023

Parent
£

Entities with joint control or significant influence
£

Total
£

At start of period

26,199

60,174

86,373

Repaid

(18,931)

(60,174)

(79,105)

At end of period

7,268

-

7,268

Loans from related parties

2024

Entities with joint control or significant influence
£

Total
£

At start of period

152,609

152,609

Repaid

(152,609)

(152,609)

At end of period

-

-

2023

Entities with joint control or significant influence
£

Total
£

Advanced

152,609

152,609

At end of period

152,609

152,609

 

L. Harvey & Son Limited

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

13

Parent and ultimate parent undertaking

The company's immediate parent is L Harvey & Son Group Limited, incorporated in England & Wales.

 The most senior parent entity producing publicly available financial statements is L Harvey & Son Group Limited. These financial statements are available upon request from Unit 4 Le Flaive Business Centre, Naphill, Bucks, HP14 4US


 The ultimate controlling party is G L Harvey.