30 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 1 276,400 276,401 276,401 1 89,050 89,050 89,050 xbrli:pure xbrli:shares iso4217:GBP 05225924 2023-10-01 2024-09-30 05225924 2024-09-30 05225924 2023-09-30 05225924 2022-10-01 2023-09-30 05225924 2023-09-30 05225924 2022-09-30 05225924 core:NetGoodwill 2023-10-01 2024-09-30 05225924 bus:Director1 2023-10-01 2024-09-30 05225924 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-30 05225924 core:LandBuildings core:LongLeaseholdAssets 2023-09-30 05225924 core:LandBuildings core:ShortLeaseholdAssets 2023-09-30 05225924 core:LandBuildings core:LongLeaseholdAssets 2024-09-30 05225924 core:LandBuildings core:ShortLeaseholdAssets 2024-09-30 05225924 core:LandBuildings core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05225924 core:LandBuildings core:LongLeaseholdAssets 2023-10-01 2024-09-30 05225924 core:WithinOneYear 2024-09-30 05225924 core:WithinOneYear 2023-09-30 05225924 core:AfterOneYear 2024-09-30 05225924 core:AfterOneYear 2023-09-30 05225924 core:ShareCapital 2024-09-30 05225924 core:ShareCapital 2023-09-30 05225924 core:RevaluationReserve 2023-09-30 05225924 core:RetainedEarningsAccumulatedLosses 2024-09-30 05225924 core:RetainedEarningsAccumulatedLosses 2023-09-30 05225924 core:NetGoodwill 2024-09-30 05225924 core:NetGoodwill 2023-09-30 05225924 core:NetGoodwill 2023-09-30 05225924 core:CostValuation core:Non-currentFinancialInstruments 2024-09-30 05225924 core:Non-currentFinancialInstruments 2024-09-30 05225924 core:Non-currentFinancialInstruments 2023-09-30 05225924 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-30 05225924 core:LandBuildings core:LongLeaseholdAssets 2023-09-30 05225924 core:LandBuildings core:ShortLeaseholdAssets 2023-09-30 05225924 bus:Director1 2022-10-01 2023-09-30 05225924 bus:Director1 2024-09-30 05225924 bus:Director1 2023-09-30 05225924 bus:SmallEntities 2023-10-01 2024-09-30 05225924 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 05225924 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 05225924 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05225924 bus:FullAccounts 2023-10-01 2024-09-30 05225924 core:OfficeEquipment 2023-10-01 2024-09-30 05225924 core:OfficeEquipment 2023-09-30 05225924 core:OfficeEquipment 2024-09-30
COMPANY REGISTRATION NUMBER: 05225924
Charles Harris Ltd
Filleted Unaudited Financial Statements
30 September 2024
Charles Harris Ltd
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
Fixed assets
Intangible assets
5
276,401
1
Tangible assets
6
123,898
586,733
Investments
7
89,050
89,050
---------
---------
489,349
675,784
Current assets
Debtors
8
101,069
92,677
Cash at bank and in hand
321,332
254,531
---------
---------
422,401
347,208
Creditors: amounts falling due within one year
9
334,618
500,387
---------
---------
Net current assets/(liabilities)
87,783
( 153,179)
---------
---------
Total assets less current liabilities
577,132
522,605
Creditors: amounts falling due after more than one year
10
1,004,831
664,677
------------
---------
Net liabilities
( 427,699)
( 142,072)
------------
---------
Capital and reserves
Called up share capital
2
2
Revaluation reserve
30,000
Profit and loss account
( 427,701)
( 172,074)
---------
---------
Shareholders deficit
( 427,699)
( 142,072)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 September 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Charles Harris Ltd
Statement of Financial Position (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 8 April 2025 , and are signed on behalf of the board by:
Mr C Perdios
Director
Company registration number: 05225924
Charles Harris Ltd
Notes to the Financial Statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 301 Green Lanes, The Triangle, Palmers Green, N13 4XS, London.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
20% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 30 (2023: 26 ).
5. Intangible assets
Goodwill
£
Cost
At 1 October 2023
1
Additions
Acquisitions through business combinations
276,400
---------
At 30 September 2024
276,401
---------
Amortisation
At 1 October 2023 and 30 September 2024
---------
Carrying amount
At 30 September 2024
276,401
---------
At 30 September 2023
1
---------
6. Tangible assets
Freehold property
Long leasehold property
Short leasehold property
Equipment
Total
£
£
£
£
£
Cost
At 1 October 2023
510,529
22,468
30,570
171,675
735,242
Additions
( 510,529)
52,604
2,290
( 455,635)
---------
--------
--------
---------
---------
At 30 September 2024
75,072
30,570
173,965
279,607
---------
--------
--------
---------
---------
Depreciation
At 1 October 2023
148,509
148,509
Charge for the year
7,200
7,200
---------
--------
--------
---------
---------
At 30 September 2024
155,709
155,709
---------
--------
--------
---------
---------
Carrying amount
At 30 September 2024
75,072
30,570
18,256
123,898
---------
--------
--------
---------
---------
At 30 September 2023
510,529
22,468
30,570
23,166
586,733
---------
--------
--------
---------
---------
7. Investments
Other investments other than loans
£
Cost
At 1 October 2023 and 30 September 2024
89,050
--------
Impairment
At 1 October 2023 and 30 September 2024
--------
Carrying amount
At 30 September 2024
89,050
--------
At 30 September 2023
89,050
--------
8. Debtors
2024
2023
£
£
Trade debtors
62,081
48,162
Amounts owed by group undertakings and undertakings in which the company has a participating interest
6,876
6,588
Other debtors
32,112
37,927
---------
--------
101,069
92,677
---------
--------
9. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
26,775
33,970
Trade creditors
( 2,439)
Amounts owed to group undertakings and undertakings in which the company has a participating interest
12,499
12,499
Social security and other taxes
175,106
126,781
Other creditors
120,238
329,576
---------
---------
334,618
500,387
---------
---------
10. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
5,064
259,677
Other Loans
999,767
405,000
------------
---------
1,004,831
664,677
------------
---------
11. Directors' advances, credits and guarantees
During the year the company entered into the following guarantees on behalf of its directors:
Maximum liability
Amounts paid/(liability incurred)
2024
2023
2024
2023
£
£
£
£
Mr C Perdios
29,158
29,158
29,158
29,158
--------
--------
--------
--------