REGISTERED NUMBER: 05079901 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Harris & Hiscock Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S R Hiscock

SECRETARY:

Mrs K Hiscock

REGISTERED OFFICE:

Unit 8 & 9

The City Commerce Centre

Marsh Lane

Southampton

Hampshire

SO14 3EW

REGISTERED NUMBER:

05079901 (England and Wales)

ACCOUNTANTS:

Hughes Spencer

12 Acorn Business Park

Northarbour Road

Portsmouth

Hampshire

PO6 3TH

FIXED ASSETS

Tangible assets

4

219,144

162,372

CURRENT ASSETS

Stocks

28,356

26,487

Debtors

5

200,510

275,797

Cash at bank and in hand

264,699

329,881

493,565

632,165

CREDITORS

Amounts falling due within one year

6

207,619

187,220

NET CURRENT ASSETS

285,946

444,945

TOTAL ASSETS LESS CURRENT LIABILITIES

505,090

607,317

CREDITORS

Amounts falling due after more than one year

7

(36,776

)

(40,310

)

PROVISIONS FOR LIABILITIES

(49,622

)

(40,593

)

NET ASSETS

418,692

526,414

CAPITAL AND RESERVES

Called up share capital

400

400

Retained earnings

418,292

526,014

SHAREHOLDERS' FUNDS

418,692

526,414

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

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

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 5 September 2025 and were signed by:

S R Hiscock - Director

1.	STATUTORY INFORMATION

Harris & Hiscock Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

10% on cost

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 10% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

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.

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

12,950

356,777

369,727

Additions

-

97,085

97,085

Disposals

-

(23,055

)

(23,055

)

At 31 December 2024

12,950

430,807

443,757

DEPRECIATION

At 1 January 2024

5,271

202,084

207,355

Charge for year

1,295

37,305

38,600

Eliminated on disposal

-

(21,342

)

(21,342

)

At 31 December 2024

6,566

218,047

224,613

NET BOOK VALUE

At 31 December 2024

6,384

212,760

219,144

At 31 December 2023

7,679

154,693

162,372

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2024

169,140

Additions

75,110

At 31 December 2024

244,250

DEPRECIATION

At 1 January 2024

46,793

Charge for year

30,581

At 31 December 2024

77,374

NET BOOK VALUE

At 31 December 2024

166,876

At 31 December 2023

122,347

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

135,338

194,070

Amounts recoverable on contract

25,314

55,518

Other debtors

39,858

26,209

200,510

275,797

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts (see note 8)

31,034

27,545

Trade creditors

51,805

41,300

Taxation and social security

109,378

104,287

Other creditors

5,402

4,088

207,619

187,220

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

4,167

14,167

Hire purchase contracts (see note 8)

32,609

26,143

36,776

40,310

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

£

£

Net obligations repayable:

Within one year

31,034

27,545

Between one and five years

32,609

26,143

63,643

53,688

Non-cancellable

operating leases

2024

2023

£

£

Within one year

46,941

39,441

Between one and five years

162,452

142,726

In more than five years

-

29,792

209,393

211,959

9.	RELATED PARTY DISCLOSURES

The company was charged £33,750 (2023 £32,500) for rent by Harris & Hiscock Property Ltd. which is a business owned by Mr S Hiscock a director and shareholder of the company.