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Company Registration No. 04865391 (England and Wales)
Page-Harries Limited Unaudited accounts for the year ended 31 August 2024
Page-Harries Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Page-Harries Limited Company Information for the year ended 31 August 2024
Director
N A Page-Harries
Company Number
04865391 (England and Wales)
Registered Office
GOLWG Y DRYCH RHOSFACH CLYNDERWEN DYFED SA66 7SJ
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Page-Harries Limited Statement of financial position as at 31 August 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
5
194
389
Current assets
Inventories
600
600
Debtors
6
965
495
Cash at bank and in hand
69,883
76,580
71,448
77,675
Creditors: amounts falling due within one year
7
(795)
(4,141)
Net current assets
70,653
73,534
Net assets
70,847
73,923
Capital and reserves
Called up share capital
1
1
Profit and loss account
70,846
73,922
Shareholders' funds
70,847
73,923
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 May 2024 and were signed on its behalf by
N A Page-Harries Director Company Registration No. 04865391
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Page-Harries Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Page-Harries Limited is a private company, limited by shares, registered in England and Wales, registration number 04865391. The registered office is GOLWG Y DRYCH, RHOSFACH, CLYNDERWEN, DYFED, SA66 7SJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets and depreciation
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land & buildings
over 10 years
Plant & machinery
15% on cost
Motor vehicles
over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Deferred taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Current and deferred tax assets and liabilities are not discounted.
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Page-Harries Limited Notes to the Accounts for the year ended 31 August 2024
Leased assets
Property, plant and equipment acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors.
4
Intangible fixed assets
Goodwill
£
Cost
At 1 September 2023
1,000
At 31 August 2024
1,000
Amortisation
At 1 September 2023
1,000
At 31 August 2024
1,000
Net book value
At 31 August 2024
-
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
5
Tangible fixed assets
Land & buildings
Plant & machinery
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 September 2023
1,949
7,657
9,606
At 31 August 2024
1,949
7,657
9,606
Depreciation
At 1 September 2023
1,560
7,657
9,217
Charge for the year
195
-
195
At 31 August 2024
1,755
7,657
9,412
Net book value
At 31 August 2024
194
-
194
At 31 August 2023
389
-
389
6
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
798
145
Other debtors
167
350
965
495
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Page-Harries Limited Notes to the Accounts for the year ended 31 August 2024
7
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
144
47
Taxes and social security
-
3,165
Loans from directors
501
779
Accruals
150
150
795
4,141
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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