Company registration number: SC031753
Unaudited financial statements
for the year ended 30 April 2025
for
David Harrison Limited
Pages for filing with the Registrar
Company registration number: SC031753
David Harrison Limited
Balance sheet
as at 30 April 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 927,172 931,617
Investment property 5 2,170,963 2,485,963
3,098,135 3,417,580
Current assets
Stocks 2,057,415 1,303,536
Debtors 123,951 179,972
Cash at bank and in hand 413,401 597,374
2,594,767 2,080,882
Creditors: amounts falling due within one
year
(318,701) (274,358)
Net current assets 2,276,066 1,806,524
Total assets less current liabilities 5,374,201 5,224,104
Creditors: Amounts falling due after more
than one year
(10,000) -
Provisions for liabilities (44,213) (45,087)
NET ASSETS 5,319,988 5,179,017
Capital and reserves
Called up share capital 17,100 17,100
Revaluation reserve 1,242,774 1,242,774
Other reserves 56,243 56,243
Profit and loss account 4,003,871 3,862,900
TOTAL EQUITY 5,319,988 5,179,017
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 April 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: SC031753
David Harrison Limited
Balance sheet - continued
as at 30 April 2025
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 15 August 2025 and signed on its behalf by:
Mrs C Thomson, Director
15 August 2025
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David Harrison Limited
Notes to the financial statements
for the year ended 30 April 2025
1 Company information
David Harrison Limited is a private company registered in Scotland. Its registered number is SC031753. The company is limited by shares. Its registered office is Room 2, 6 Elm Court, Peebles, EH45 9BU.
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 historic cost convention.
Presentation currency
The company's financial statements are presented in sterling.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Freehold property - 2% straight line
Plant and machinery etc.:
Plant and machinery - 10% reducing balance
Motor vehicles - 25% reducing balance
Investment property
Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
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David Harrison Limited
Notes to the financial statements - continued
for the year ended 30 April 2025
2 Accounting policies - continued
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Financial instruments
Basic financial instruments are initially measured at transaction price and are subsequently carried at
amortisation cost using the effective interest rate.
Debtors and creditors with no stated interest rate and receivable or payable within one year are
recorded at transaction price.
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, 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 taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
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David Harrison Limited
Notes to the financial statements - continued
for the year ended 30 April 2025
3 Average number of employees
During the year the average number of employees was 11 (2024 - 11).
4 Tangible fixed assets
Land and
buildings
Plant and
machinery
etc.
Totals
£ £ £
Cost
At 1 May 2024 872,179 202,985 1,075,164
Additions - 98,535 98,535
Disposals - (108,084) (108,084)
At 30 April 2025 872,179 193,436 1,065,615
Depreciation
At 1 May 2024 71,961 71,586 143,547
Charge for year 12,131 18,765 30,896
Eliminated on disposal - (36,000) (36,000)
At 30 April 2025 84,092 54,351 138,443
Net book value
At 30 April 2025 788,087 139,085 927,172
At 30 April 2024 800,218 131,399 931,617
5 Investment property
£
Valuation
At 1 May 2024 2,485,963
Additions 11,239
Disposals (326,239)
At 30 April 2025 2,170,963
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David Harrison Limited
Notes to the financial statements - continued
for the year ended 30 April 2025
6 Share capital
Alotted & Issued & Fully paid Share Capital:
1710 £0.50 A Ordinary shares £855
5130 £0.50 B Ordinary shares £2565
1710 £0.50 C Ordinary shares £855
8550 £0.50 D Ordinary shares £4275
8550 £0.50 E Ordinary shares £4275
8550 £0.50 F Ordinary shares £4275
7 Debtors: Amounts Falling Due Within 1 Year
2025 2024
Trade Debtors £85,656 £118,877
Other Debtors £38,295 £61,095
8 Creditors: Amounts Falling Due Within 1 Year
2025 2024
Trade Creditors £150,850 £114,691
Hire Purchase £30,000 -
Other Creditors £80,299 £73,014
Taxation £57,552 £86,653
9 Creditors: Amounts Falling Due After 1 Year
2025 2024
Hire Purchase £10,000 -
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