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REGISTERED NUMBER: 13759749 (England and Wales)











Unaudited Financial Statements for the Year Ended 30 November 2024

for

Harris Classics Ltd

Harris Classics Ltd (Registered number: 13759749)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Harris Classics Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTOR: Mr Ian Harris





REGISTERED OFFICE: Asm House
103a Keymer Road
Keymer
United Kingdom
BN6 8QL





REGISTERED NUMBER: 13759749 (England and Wales)

Harris Classics Ltd (Registered number: 13759749)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 316,211 319,618
Investment property 5 100,000 -
416,211 319,618

CURRENT ASSETS
Debtors 6 96,799 62,500
Cash at bank 648,936 533,230
745,735 595,730
CREDITORS
Amounts falling due within one year 7 317,448 559,867
NET CURRENT ASSETS 428,287 35,863
TOTAL ASSETS LESS CURRENT
LIABILITIES

844,498

355,481

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 844,397 355,380
SHAREHOLDERS' FUNDS 844,498 355,481

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Harris Classics Ltd (Registered number: 13759749)

Balance Sheet - continued
30 November 2024


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 director and authorised for issue on 31 August 2025 and were signed by:





Mr Ian Harris - Director


Harris Classics Ltd (Registered number: 13759749)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Harris Classics Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Harris Classics Ltd (Registered number: 13759749)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2023 26,058 195,000 147,869 - 368,927
Additions - 19,333 7,900 1,078 28,311
At 30 November 2024 26,058 214,333 155,769 1,078 397,238
DEPRECIATION
At 1 December 2023 - - 49,309 - 49,309
Charge for year - 4,833 26,615 270 31,718
At 30 November 2024 - 4,833 75,924 270 81,027
NET BOOK VALUE
At 30 November 2024 26,058 209,500 79,845 808 316,211
At 30 November 2023 26,058 195,000 98,560 - 319,618

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 100,000
At 30 November 2024 100,000
NET BOOK VALUE
At 30 November 2024 100,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 86,582 62,500
Other Debtors - Micheal Gamble 2,334 -
VAT 7,883 -
96,799 62,500

Harris Classics Ltd (Registered number: 13759749)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 57 -
Tax 315,899 48,483
Social security and other taxes - 109
VAT - 9,329
Directors' current accounts 444 500,896
Accrued expenses 1,048 1,050
317,448 559,867