Company Registration No. 04719002 (England and Wales)
HARRIS TILE COMPANY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
12 Bessemer Court
Hownsgill Industrial Park
Knitsley Lane
Consett
Co Durham
DH8 7BL
HARRIS TILE COMPANY LIMITED
CONTENTS
Page
Company information
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
HARRIS TILE COMPANY LIMITED
BALANCE SHEET
AS AT
30 APRIL 2025
30 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
191,717
105,828
Current assets
Stocks
725,450
869,981
Debtors
4
53,680
58,695
Cash at bank and in hand
603
51,930
779,733
980,606
Creditors: amounts falling due within one year
5
(814,425)
(945,757)
Net current (liabilities)/assets
(34,692)
34,849
Total assets less current liabilities
157,025
140,677
Creditors: amounts falling due after more than one year
6
(28,014)
(91,276)
Provisions for liabilities
(34,748)
(29,150)
Net assets
94,263
20,251
Capital and reserves
Called up share capital
7
600
600
Profit and loss reserves
93,663
19,651
Total equity
94,263
20,251
HARRIS TILE COMPANY LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2025
30 April 2025
- 2 -

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 14 August 2025 and are signed on its behalf by:
Mr D N Harris
Mrs J E Smith
Director
Director
Mr R W Harris
Director
Company registration number 04719002 (England and Wales)
HARRIS TILE COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
- 3 -
1
Accounting policies
Company information

Harris Tile Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is Potters Court, Portobello Trading Estate, Birtley, Co. Durham, DH3 2RY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
Not depreciated
Plant and equipment
25% Reducing Balance
Fixtures and fittings
10% Reducing balance
Motor vehicles
25% Reducing balance

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.

HARRIS TILE COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 4 -
1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

HARRIS TILE COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 5 -
1.7
Financial instruments

The company only enters into financial instruments transactions that result in the recognition of basic debt financial assets and liabilities like trade and other accounts receivable and payable, cash and bank balances and loans to or from related parties, including fellow group companies. All such instruments are due within one year, and are measured, initially and subsequently at the transaction price.

Bank loans and hire purchase agreements are recognised net of interest and are split out between amounts due within one year and long term liabilities due after one year.

At the end of each reporting period debt financial assets are assessed for impairment, and their carrying value reduced if necessary. Any impairment charge is recognised in the profit and loss account.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

HARRIS TILE COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 6 -
1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.13
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
20
21
HARRIS TILE COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 7 -
3
Tangible fixed assets
Leasehold land and buildings
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 May 2024
60,408
22,542
166,655
98,037
347,642
Additions
-
0
-
0
114,611
-
0
114,611
At 30 April 2025
60,408
22,542
281,266
98,037
462,253
Depreciation and impairment
At 1 May 2024
60,408
15,155
105,352
60,899
241,814
Depreciation charged in the year
-
0
1,846
17,591
9,285
28,722
At 30 April 2025
60,408
17,001
122,943
70,184
270,536
Carrying amount
At 30 April 2025
-
0
5,541
158,323
27,853
191,717
At 30 April 2024
-
0
7,387
61,303
37,138
105,828

The net book value of assets held under hire purchase agreements included in the above figure is £28,688(202 4: £38,249). Depreciation charged in the year on assets held under hire purchase agreements was £9,562 (202 4: £12,750)

.

4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
53,070
45,623
Corporation tax recoverable
610
13,072
53,680
58,695
HARRIS TILE COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 8 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
218,935
283,182
Trade creditors
326,091
385,640
Corporation tax
-
0
63,513
Other taxation and social security
159,156
180,298
Other creditors
110,243
33,124
814,425
945,757
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
2,805
59,795
Other creditors
25,209
31,481
28,014
91,276
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of £1 each
200
200
200
200
Ordinary B shares of £1 each
200
200
200
200
A shares of £1 each
100
100
100
100
B shares of £1 each
100
100
100
100
600
600
600
600
2025-04-30 2024-05-01 false false false 03 September 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mr David N Harris Mrs Jane E Smith Mr Robert W Harris Mrs J E Smith 04719002 2024-05-01 2025-04-30 04719002 2025-04-30 04719002 2024-04-30 04719002 core:LandBuildings core:LeasedAssetsHeldAsLessee 2025-04-30 04719002 core:PlantMachinery 2025-04-30 04719002 core:FurnitureFittings 2025-04-30 04719002 core:MotorVehicles 2025-04-30 04719002 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-04-30 04719002 core:PlantMachinery 2024-04-30 04719002 core:FurnitureFittings 2024-04-30 04719002 core:MotorVehicles 2024-04-30 04719002 core:CurrentFinancialInstruments core:WithinOneYear 2025-04-30 04719002 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 04719002 core:Non-currentFinancialInstruments core:AfterOneYear 2025-04-30 04719002 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 04719002 core:CurrentFinancialInstruments 2025-04-30 04719002 core:CurrentFinancialInstruments 2024-04-30 04719002 core:Non-currentFinancialInstruments 2025-04-30 04719002 core:Non-currentFinancialInstruments 2024-04-30 04719002 core:ShareCapital 2025-04-30 04719002 core:ShareCapital 2024-04-30 04719002 core:RetainedEarningsAccumulatedLosses 2025-04-30 04719002 core:RetainedEarningsAccumulatedLosses 2024-04-30 04719002 core:ShareCapitalOrdinaryShareClass1 2025-04-30 04719002 core:ShareCapitalOrdinaryShareClass1 2024-04-30 04719002 core:ShareCapitalOrdinaryShareClass2 2025-04-30 04719002 core:ShareCapitalOrdinaryShareClass2 2024-04-30 04719002 core:ShareCapitalOrdinaryShareClass3 2025-04-30 04719002 core:ShareCapitalOrdinaryShareClass3 2024-04-30 04719002 core:ShareCapitalOrdinaryShareClass4 2025-04-30 04719002 core:ShareCapitalOrdinaryShareClass4 2024-04-30 04719002 core:ShareCapitalOrdinaryShares 2025-04-30 04719002 core:ShareCapitalOrdinaryShares 2024-04-30 04719002 bus:Director1 2024-05-01 2025-04-30 04719002 bus:CompanySecretaryDirector1 2024-05-01 2025-04-30 04719002 bus:Director2 2024-05-01 2025-04-30 04719002 core:LandBuildings core:LongLeaseholdAssets 2024-05-01 2025-04-30 04719002 core:PlantMachinery 2024-05-01 2025-04-30 04719002 core:FurnitureFittings 2024-05-01 2025-04-30 04719002 core:MotorVehicles 2024-05-01 2025-04-30 04719002 2023-05-01 2024-04-30 04719002 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-04-30 04719002 core:PlantMachinery 2024-04-30 04719002 core:FurnitureFittings 2024-04-30 04719002 core:MotorVehicles 2024-04-30 04719002 2024-04-30 04719002 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-05-01 2025-04-30 04719002 bus:OrdinaryShareClass1 2024-05-01 2025-04-30 04719002 bus:OrdinaryShareClass2 2024-05-01 2025-04-30 04719002 bus:OrdinaryShareClass3 2024-05-01 2025-04-30 04719002 bus:OrdinaryShareClass4 2024-05-01 2025-04-30 04719002 bus:OrdinaryShareClass1 2025-04-30 04719002 bus:OrdinaryShareClass1 2024-04-30 04719002 bus:OrdinaryShareClass2 2025-04-30 04719002 bus:OrdinaryShareClass2 2024-04-30 04719002 bus:OrdinaryShareClass3 2025-04-30 04719002 bus:OrdinaryShareClass3 2024-04-30 04719002 bus:OrdinaryShareClass4 2025-04-30 04719002 bus:OrdinaryShareClass4 2024-04-30 04719002 bus:AllOrdinaryShares 2025-04-30 04719002 bus:AllOrdinaryShares 2024-04-30 04719002 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 04719002 bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 04719002 bus:FRS102 2024-05-01 2025-04-30 04719002 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 04719002 bus:Director3 2024-05-01 2025-04-30 04719002 bus:CompanySecretary1 2024-05-01 2025-04-30 04719002 bus:FullAccounts 2024-05-01 2025-04-30 xbrli:pure xbrli:shares iso4217:GBP