May Harris Multi Services Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 07111275 (England and Wales)

MAY HARRIS MULTI SERVICES LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Carr

C S Harber

T Colthorpe

REGISTERED OFFICE:

2 Lakeview Stables

Lower St. Clere

Kemsing

Sevenoaks

Kent

TN15 6NL

REGISTERED NUMBER:

07111275 (England and Wales)

AUDITORS:

Lakeview Southern Audit Limited

Chartered Accountants and

Statutory Auditors

2 Lakeview Stables

Lower St. Clere

Kemsing

Sevenoaks

Kent

TN15 6NL

FIXED ASSETS

Tangible assets

4

21,768

26,085

CURRENT ASSETS

Debtors

5

1,563,268

1,519,599

Cash at bank and in hand

846,424

910,426

2,409,692

2,430,025

CREDITORS

Amounts falling due within one year

6

1,844,456

1,760,862

NET CURRENT ASSETS

565,236

669,163

TOTAL ASSETS LESS CURRENT
LIABILITIES

587,004

695,248

PROVISIONS FOR LIABILITIES

5,442

6,521

NET ASSETS

581,562

688,727

CAPITAL AND RESERVES

Called up share capital

8

80

Retained earnings

581,482

688,647

SHAREHOLDERS' FUNDS

581,562

688,727

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 25 April 2025 and were signed on its behalf by:

J Carr - Director

1.	STATUTORY INFORMATION

May Harris Multi Services 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.

The principal place of business is Unit 7, Speedgate Business Park, Fawkham, Kent DA3 8NJ.

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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classified as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains and losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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.

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.

Going concern

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 743 (2023 - 919 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

61,014

Additions

2,940

At 31 December 2024

63,954

DEPRECIATION

At 1 January 2024

34,929

Charge for year

7,257

At 31 December 2024

42,186

NET BOOK VALUE

At 31 December 2024

21,768

At 31 December 2023

26,085

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

as restated

£

Trade debtors

1,563,268

1,397,491

Other debtors

-

122,108

1,563,268

1,519,599

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

as restated

£

Trade creditors

176,630

162,206

Taxation and social security

877,459

805,244

Other creditors

790,367

793,412

1,844,456

1,760,862

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

as restated

£

Within one year

13,200

5,000

Between one and five years

31,900

-

45,100

5,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

as restated

£

72

Ordinary

£1

72

6

B Ordinary

£1

6

1

C Ordinary

£1

1

D Ordinary

£1

1

80

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Adrian Hull (Senior Statutory Auditor)

for and on behalf of Lakeview Southern Audit Limited

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

as restated

£

J Carr

Balance outstanding at start of year

78,729

-

Amounts advanced

-

78,729

Amounts repaid

(78,729

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

78,729

C S Harber

Balance outstanding at start of year

43,379

39,006

Amounts advanced

-

43,379

Amounts repaid

(43,379

)

(39,006

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

43,379