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Company No: 08378454 (England and Wales)

HARRIS CREATIVE LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

HARRIS CREATIVE LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

HARRIS CREATIVE LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2024
HARRIS CREATIVE LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2024
DIRECTORS Clive Henry Harris
Tamara Chana Harris
REGISTERED OFFICE Treviot House
186-192 High Road
Ilford
IG1 1LR
United Kingdom
COMPANY NUMBER 08378454 (England and Wales)
ACCOUNTANT Gravita Essex Limited
Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR
United Kingdom
HARRIS CREATIVE LIMITED

BALANCE SHEET

As at 31 December 2024
HARRIS CREATIVE LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Restated - note 2
Fixed assets
Tangible assets 4 8,753 18,869
8,753 18,869
Current assets
Debtors 5 716,585 752,962
Cash at bank and in hand 6 9,856 54,054
726,441 807,016
Creditors: amounts falling due within one year 7 ( 42,467) ( 124,867)
Net current assets 683,974 682,149
Total assets less current liabilities 692,727 701,018
Creditors: amounts falling due after more than one year 8 ( 34,402) ( 38,235)
Provision for liabilities ( 3,421) ( 2,299)
Net assets 654,904 660,484
Capital and reserves
Called-up share capital 111 111
Profit and loss account 654,793 660,373
Total shareholders' funds 654,904 660,484

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Harris Creative Limited (registered number: 08378454) were approved and authorised for issue by the Board of Directors on 29 April 2025. They were signed on its behalf by:

Clive Henry Harris
Director
HARRIS CREATIVE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
HARRIS CREATIVE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

Turnover

Turnover represents net invoiced sales, excluding value added tax. In respect of contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 3 years straight line
Office equipment 4 years straight line
Computer equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

2. Prior year adjustment

The 2023 comparatives have been adjusted as follows

As previously reported Adjustment As restated
Year ended 31 December 2023 £ £ £
Balance sheet : Intangible assets NBV 9,683 (9,683) 0
Balance sheet : Tangible assets 9,186 9,683 18,869

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

4. Tangible assets

Plant and machinery Office equipment Computer equipment Total
£ £ £ £
Cost
At 01 January 2024 246,891 7,353 14,064 268,308
Additions 19 0 1,011 1,030
Disposals ( 4,842) 0 ( 9,727) ( 14,569)
At 31 December 2024 242,068 7,353 5,348 254,769
Accumulated depreciation
At 01 January 2024 234,580 2,937 11,922 249,439
Charge for the financial year 3,255 1,838 1,102 6,195
Disposals ( 259) 0 ( 9,359) ( 9,618)
At 31 December 2024 237,576 4,775 3,665 246,016
Net book value
At 31 December 2024 4,492 2,578 1,683 8,753
At 31 December 2023 12,311 4,416 2,142 18,869

5. Debtors

2024 2023
£ £
Trade debtors 1,083 0
Amounts owed by Group undertakings 0 60,146
Other debtors 715,502 692,816
716,585 752,962

6. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 9,856 54,054

7. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 4,598 7,451
Trade creditors 0 20,065
Amounts owed to Group undertakings 8,844 0
Taxation and social security 27,536 94,337
Other creditors 1,489 3,014
42,467 124,867

8. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 34,402 38,235

There are no amounts included above in respect of which any security has been given by the small entity.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£ £
Amounts Advanced 104,260 171,844
Amounts Repaid (75,515) (76,594)

The loan to the director is repayable on demand. Interest is charged on loans at the official interest set by HMRC.