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REGISTERED NUMBER: 00055983 (England and Wales)












REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

GEORGE HARKER AND COMPANY LIMITED

GEORGE HARKER AND COMPANY LIMITED (REGISTERED NUMBER: 00055983)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 5


GEORGE HARKER AND COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: J D N Ciclitira
Mrs R E King



REGISTERED OFFICE: Park Drive Industrial Estate
Park Drive
Braintree
Essex
CM7 1AW



REGISTERED NUMBER: 00055983 (England and Wales)



ACCOUNTANTS: Affinia (Halstead)
The Maltings
Rosemary Lane
Halstead
Essex
CO9 1HZ



BANKERS: Barclays Bank PLC
One Churchill Place
London
E14 5HP

GEORGE HARKER AND COMPANY LIMITED (REGISTERED NUMBER: 00055983)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 AUGUST 2024

The directors present their report with the financial statements of the company for the year ended 31 August 2024.

REVIEW OF BUSINESS
George Harker is an established packer of dried fruits, cereals, pulses and grains for the UK retail and wholesale markets. The Company has traded continuously for almost two hundred years, being established in London in 1826.

Inflationary pressures, particularly on operating costs, have presented a challenge over the year and this shows no signs of easing looking forward into the new year.

The business continues to work on building its client base, aiming to increase throughput within the factory and therefore offsetting fixed costs on site.

A project to pack the Company's plant based products into sustainable paper packaging has gained momentum with excellent results and will be a valuable offering to both existing and new customers.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 September 2023 to the date of this report.

J D N Ciclitira
Mrs R E King

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mrs R E King - Director


28 May 2025

GEORGE HARKER AND COMPANY LIMITED (REGISTERED NUMBER: 00055983)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 419,567 423,064

CURRENT ASSETS
Stocks 8,879 3,331
Debtors 5 81,997 49,782
Cash at bank 25,845 27,966
116,721 81,079
CREDITORS
Amounts falling due within one year 6 737,715 475,541
NET CURRENT LIABILITIES (620,994 ) (394,462 )
TOTAL ASSETS LESS CURRENT LIABILITIES (201,427 ) 28,602

PROVISIONS FOR LIABILITIES 57,791 54,341
NET LIABILITIES (259,218 ) (25,739 )

CAPITAL AND RESERVES
Called up share capital 7 795,500 795,500
Retained earnings (1,054,718 ) (821,239 )
SHAREHOLDERS' FUNDS (259,218 ) (25,739 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

GEORGE HARKER AND COMPANY LIMITED (REGISTERED NUMBER: 00055983)

BALANCE SHEET - continued
31 AUGUST 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2025 and were signed on its behalf by:





Mrs R E King - Director


GEORGE HARKER AND COMPANY LIMITED (REGISTERED NUMBER: 00055983)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

George Harker and Company 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.

The financial statements are presented in sterling which is the functional currency of the company.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 comprises revenue recognised by the company in respect of goods and services supplied, exclusive of Value Added tax and trade discounts.

When the outcome of a transaction can be estimated reliably, turnover from the rendering of services is recognised by reference to the stage of completion at the balance sheet date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 5% on cost
Plant and machinery - 10% - 20% straight line
Fixtures and fittings - 20% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


GEORGE HARKER AND COMPANY LIMITED (REGISTERED NUMBER: 00055983)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

2. ACCOUNTING POLICIES - continued
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.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 20 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 September 2023 227,420 1,354,162 25,503 1,607,085
Additions 3,750 5,096 - 8,846
At 31 August 2024 231,170 1,359,258 25,503 1,615,931
DEPRECIATION
At 1 September 2023 107,632 1,054,497 21,892 1,184,021
Charge for year 11,476 - 867 12,343
At 31 August 2024 119,108 1,054,497 22,759 1,196,364
NET BOOK VALUE
At 31 August 2024 112,062 304,761 2,744 419,567
At 31 August 2023 119,788 299,665 3,611 423,064

GEORGE HARKER AND COMPANY LIMITED (REGISTERED NUMBER: 00055983)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 40,513 19,501
Amounts owed by group undertakings 500 500
Other debtors 40,984 29,781
81,997 49,782

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 77,042 47,843
Amounts owed to group undertakings 589,501 282,209
Taxation and social security 25,649 12,971
Other creditors 45,523 132,518
737,715 475,541

There are arrears of fixed cumulative dividends totalling £11,447 (2023: £11,447) included within other creditors.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
720,000 Ordinary £1 720,000 720,000
7,550 Preference shares £10 75,500 75,500
795,500 795,500

8. RELATED PARTY DISCLOSURES

Demos Ciclitira Limited
The Ultimate parent company of George Harker Limited

The company made sales to Demos Ciclitira Limited during the year totalling £422,607 (2023: £363,986), and made purchases during the year totalling £11,489 (2023: £10,169). The amount outstanding to Demos Ciclitira Limited from the company at the balance sheet date is £589,501 (2023: £282,209).

J D N Ciclitira and the estate of A G Ciclitira
A director and Chairman of the Board of George Harker & Company Limited

At the year end, the director of the company, Mr J D N Ciclitira along with the estate of A G Ciclitira was owed £7,574 (2023: £103,911).

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J D N Ciclitira.