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REGISTERED NUMBER: SC063398 (Scotland)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Harvey Map Services Limited

Harvey Map Services Limited (Registered number: SC063398)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Harvey Map Services Limited (Registered number: SC063398)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 222,698 173,230
Tangible assets 5 563 1,634
223,261 174,864

CURRENT ASSETS
Stocks 288,248 284,193
Debtors 6 97,783 89,788
Cash at bank and in hand 208,747 200,007
594,778 573,988
CREDITORS
Amounts falling due within one year 7 (133,899 ) (153,170 )
NET CURRENT ASSETS 460,879 420,818
TOTAL ASSETS LESS CURRENT
LIABILITIES

684,140

595,682

CREDITORS
Amounts falling due after more than one
year

8

(4,668

)

(12,668

)
NET ASSETS 679,472 583,014

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Retained earnings 579,472 483,014
SHAREHOLDERS' FUNDS 679,472 583,014

Harvey Map Services Limited (Registered number: SC063398)

Balance Sheet - continued
31 October 2024


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

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

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 20 February 2025 and were signed on its behalf by:




Mrs K H Ross - Director



Mr A King - Director


Harvey Map Services Limited (Registered number: SC063398)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Harvey Map Services Limited is a private company, limited by shares, domiciled in Scotland, registration number SC063398. The registered office is Mile End, Main Street, Doune, FK16 6BJ.

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 represents net invoiced sales of goods and services in respect of map making, surveying, publishing and distributing, excluding value added tax. Sales are recognised at the point at which the goods are delivered or the service is complete.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost and 15% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost comprises the purchase price of materials and manufacturing.

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.

Deferred 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.

Research and development
Research and development expenditure is written off in the year in which it is incurred, except where development expenditure is incurred on individual map masters which is then carried forward and treated as intangible assets. These are amortised in line with the expected life of the masters and the expected future sales of the map made from the masters.

Harvey Map Services Limited (Registered number: SC063398)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued

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.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the period of the lease.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is
determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2023 1,899,768
Additions 91,512
At 31 October 2024 1,991,280
AMORTISATION
At 1 November 2023 1,726,538
Charge for year 42,044
At 31 October 2024 1,768,582
NET BOOK VALUE
At 31 October 2024 222,698
At 31 October 2023 173,230

Harvey Map Services Limited (Registered number: SC063398)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 November 2023
and 31 October 2024 98,853
DEPRECIATION
At 1 November 2023 97,219
Charge for year 1,071
At 31 October 2024 98,290
NET BOOK VALUE
At 31 October 2024 563
At 31 October 2023 1,634

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 80,884 77,629
Other debtors 16,899 12,159
97,783 89,788

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 8,000 8,000
Trade creditors 21,712 22,387
Taxation and social security 36,475 33,633
Other creditors 67,712 89,150
133,899 153,170

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans 4,668 12,668

9. SHARE-BASED PAYMENT TRANSACTIONS

During the year the company contributed a sum of £Nil (2023: £44,001) to The Harvey Map Services Limited Employee Ownership Trust. This payment was required to settle the outstanding loans due by the Trust to previous shareholders.