2023-09-01 2024-08-31 false Capium Accounts Production 1.1 10826634 2023-09-01 2024-08-31 10826634 bus:FullAccounts 2023-09-01 2024-08-31 10826634 bus:FRS102 2023-09-01 2024-08-31 10826634 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 10826634 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10826634 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10826634 2023-09-01 2024-08-31 10826634 2024-08-31 10826634 bus:RegisteredOffice 2023-09-01 2024-08-31 10826634 core:WithinOneYear 2024-08-31 10826634 core:AfterOneYear 2024-08-31 10826634 1 2023-09-01 2024-08-31 10826634 bus:Director1 2023-09-01 2024-08-31 10826634 bus:Director1 2024-08-31 10826634 bus:Director1 2022-09-01 2023-08-31 10826634 bus:Director2 2023-09-01 2024-08-31 10826634 bus:Director2 2024-08-31 10826634 bus:Director2 2022-09-01 2023-08-31 10826634 2022-09-01 10826634 bus:LeadAgentIfApplicable 2023-09-01 2024-08-31 10826634 2022-09-01 2023-08-31 10826634 2023-08-31 10826634 core:WithinOneYear 2023-08-31 10826634 core:AfterOneYear 2023-08-31 10826634 bus:EntityAccountantsOrAuditors 2022-09-01 2023-08-31 10826634 core:PlantMachinery 2023-09-01 2024-08-31 10826634 core:PlantMachinery 2024-08-31 10826634 core:PlantMachinery 2023-08-31 10826634 core:InvestmentProperties 2023-09-01 2024-08-31 10826634 core:InvestmentProperties 2024-08-31 10826634 core:InvestmentProperties 2023-08-31 10826634 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-08-31 10826634 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-08-31 10826634 core:CostValuation core:Non-currentFinancialInstruments 2024-08-31 10826634 core:CostValuation core:Non-currentFinancialInstruments 2023-08-31 10826634 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-08-31 10826634 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-08-31 10826634 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-08-31 10826634 core:Non-currentFinancialInstruments 2024-08-31 10826634 core:Non-currentFinancialInstruments 2023-08-31 10826634 core:ShareCapital 2024-08-31 10826634 core:ShareCapital 2023-08-31 10826634 core:RetainedEarningsAccumulatedLosses 2024-08-31 10826634 core:RetainedEarningsAccumulatedLosses 2023-08-31 10826634 dpl:Item1 2023-09-01 10826634 dpl:Item1 2024-08-31 10826634 dpl:Item1 2022-09-01 10826634 dpl:Item1 2023-08-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 10826634
England and Wales

 

 

 

HARVEY ISAACS & SONS LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 01 September 2023

End date: 31 August 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 1,353,322    1,354,051 
1,353,322    1,354,051 
Current assets      
Debtors 4   6,883 
Cash at bank and in hand 2,166    17,057 
2,166    23,940 
Creditors: amount falling due within one year 5 (484,933)   (479,631)
Net current assets (482,767)   (455,691)
 
Total assets less current liabilities 870,555    898,360 
Creditors: amount falling due after more than one year 6 (447,849)   (481,420)
Provisions for liabilities 7 (45,616)   (45,616)
Net assets 377,090    371,324 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 376,990    371,224 
Shareholders' funds 377,090    371,324 
 


For the year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 23 May 2025 and were signed on its behalf by:


-------------------------------
Mr M P E Harvey
Director
1
General Information
Harvey Isaacs & Sons Limited is a private company, limited by shares, registered in England and Wales, registration number 10826634, registration address c/o 2 Manor Court, Manor Mill Lane, Leeds, LS11 8LQ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of rents invoiced throughout the year by the company, net of Value Added Tax. 
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 18% Reducing Balance
Investment properties
Investment property is carried at fair value determined annually by reference to the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit and loss.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Investment properties   Total
  £   £   £
At 01 September 2023 5,250    1,350,000    1,355,250 
Additions    
Disposals    
At 31 August 2024 5,250    1,350,000    1,355,250 
Depreciation
At 01 September 2023 1,199      1,199 
Charge for year 729      729 
On disposals    
At 31 August 2024 1,928      1,928 
Net book values
Closing balance as at 31 August 2024 3,322    1,350,000    1,353,322 
Opening balance as at 01 September 2023 4,051    1,350,000    1,354,051 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Other Debtors   6,883 
  6,883 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Bank Loans & Overdrafts 15,000    15,000 
Taxation and Social Security 8,396    7,355 
Other Creditors 461,537    457,276 
484,933    479,631 
Security Note
The bank loan repayable within 1 year is secured on the freehold property.

6.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts 447,849    481,420 
447,849    481,420 
Security note
The bank loan liability over 1 year is secured on the freehold property.

7.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 45,616    45,616 
45,616    45,616 

8.

Related Party

During the year the company received rent from Personalised Luggage Limited and MPH Enterprises Limited. Both companies have common ownership with Harvey Isaacs & Sons Limited. The rent charged was at market value.

The company owes MPH Enterprises Limited an amount of £214,305 (2023 £212,755) and Personalised Luggage Limited an amount of £239,870 (2023 £238,320).

The loans are interest free and repayable on demand.
9.

Directors' Loan Account

Particulars   B/ forward
£
  Advances
£
  Credits
£
  C/forward
£
Directors loan 6,883  3,288  (10,500) (329)
The directors at the year end were owed by the company £329 (2023 £6,883). No interest has been charged on this loan and it is repayable on demand.
2