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Registration number: 08849009

Harris Safety Solutions Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2025

 

Harris Safety Solutions Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Statement of Changes in Equity

4

Notes to the Financial Statements

5 to 9

 

Harris Safety Solutions Ltd

Company Information

Director

Mr John Harris

Registered office

Elms View Rouses Lane
Filkins
Lechlade
Gloucestershire
GL7 3JG

Accountants

Henson ReesRussell 4 South Bar Street
Banbury
Oxfordshire
OX16 9AA

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Harris Safety Solutions Ltd
for the Year Ended 31 January 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Harris Safety Solutions Ltd for the year ended 31 January 2025 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Harris Safety Solutions Ltd, as a body, in accordance with the terms of our engagement letter dated 4 May 2016. Our work has been undertaken solely to prepare for your approval the accounts of Harris Safety Solutions Ltd and state those matters that we have agreed to state to the Board of Directors of Harris Safety Solutions Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Harris Safety Solutions Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Harris Safety Solutions Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Harris Safety Solutions Ltd. You consider that Harris Safety Solutions Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Harris Safety Solutions Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.




Henson ReesRussell
4 South Bar Street
Banbury
Oxfordshire
OX16 9AA

29 May 2025

 

Harris Safety Solutions Ltd

(Registration number: 08849009)
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

5

2,325

2,728

Current assets

 

Debtors

6

10,961

14,147

Cash at bank and in hand

 

15,501

12,931

 

26,462

27,078

Creditors: Amounts falling due within one year

8

(26,767)

(22,095)

Net current (liabilities)/assets

 

(305)

4,983

Total assets less current liabilities

 

2,020

7,711

Creditors: Amounts falling due after more than one year

8

(1,507)

(6,627)

Provisions for liabilities

(442)

(525)

Net assets

 

71

559

Capital and reserves

 

Called up share capital

7

10

10

Retained earnings

61

549

Shareholders' funds

 

71

559

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 and 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 May 2025
 

.........................................
Mr John Harris
Director

   
     
 

Harris Safety Solutions Ltd

Statement of Changes in Equity for the Year Ended 31 January 2025

Share capital
£

Retained earnings
£

Total
£

At 1 February 2024

10

549

559

Profit for the year

-

49,762

49,762

Dividends

-

(50,250)

(50,250)

At 31 January 2025

10

61

71

Share capital
£

Retained earnings
£

Total
£

At 1 February 2023

10

214

224

Profit for the year

-

35,335

35,335

Dividends

-

(35,000)

(35,000)

At 31 January 2024

10

549

559

 

Harris Safety Solutions Ltd

Notes to the Financial Statements for the Year Ended 31 January 2025

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Elms View Rouses Lane
Filkins
Lechlade
Gloucestershire
GL7 3JG

2

Accounting policies

Basis of preparation

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. These financial statements have been prepared using the historical cost convention.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

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.

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.

 

Harris Safety Solutions Ltd

Notes to the Financial Statements for the Year Ended 31 January 2025

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Office equipment

33% straight line

Fixtures and fittings

25% reducing balance

Motor Vehicles

25% reducing balance

Plant and Machinery

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Harris Safety Solutions Ltd

Notes to the Financial Statements for the Year Ended 31 January 2025

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.
 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

4

Profit before tax

Arrived at after charging/(crediting)

2025
£

2024
£

Depreciation expense

820

992

 

Harris Safety Solutions Ltd

Notes to the Financial Statements for the Year Ended 31 January 2025

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Plant and Equipment
£

Total
£

Cost or valuation

At 1 February 2024

3,551

25,025

780

29,356

Additions

416

-

-

416

At 31 January 2025

3,967

25,025

780

29,772

Depreciation

At 1 February 2024

3,467

22,520

641

26,628

Charge for the year

158

626

35

819

At 31 January 2025

3,625

23,146

676

27,447

Carrying amount

At 31 January 2025

342

1,879

104

2,325

At 31 January 2024

84

2,505

139

2,728

6

Debtors

2025
£

2024
£

Trade debtors

9,071

5,330

Other debtors

1,890

8,817

10,961

14,147

Current

2025
£

2024
£

Trade debtors

9,071

5,330

Other debtors

1,890

8,817

 

10,961

14,147

7

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares of £1 each

10

10

10

10

       
 

Harris Safety Solutions Ltd

Notes to the Financial Statements for the Year Ended 31 January 2025

8

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

5,296

5,040

Taxation and social security

 

19,021

14,705

Accruals and deferred income

 

2,450

2,350

 

26,767

22,095

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

1,507

6,627