Harris__Garrod_Limited_30_Jun_2025_companies_house_set_of

Harris & Garrod Limited

Statement of Financial Position

30 June 2025

		2025		2024
	Note	£		£
Fixed assets
Intangible assets	5	79,820		113,428
Tangible assets	6	13,680		20,535
Investments	7	-		1,500
		93,500		135,463
Current assets
Stocks		5,163		15,714
Debtors	8	77,611		122,021
Cash at bank and in hand		31,969		16,450
		114,743		154,185
Creditors: amounts falling due within one year	9	(227,387	)	(279,744	)
Net current liabilities		(112,644	)	(125,559	)
Total assets less current liabilities		(19,144	)	9,904
Creditors: amounts falling due after more than one year	10	(2,312	)	(10,841	)
Provisions for liabilities		(2,599	)	(3,902	)
Net liabilities		(24,055	)	(4,839	)
Capital and reserves
Called up share capital		1,103		1,103
Share premium		105		105
Profit and loss account		(25,263	)	(6,047	)
Shareholders deficit		(24,055	)	(4,839	)

For the year ending

30 June 2025

, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These

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.

These

financial statements

were approved by the board of directors and authorised for issue on

7 October 2025

, and are signed on behalf of the board by:

Mr R Harris

Director

Company registration number:

00434345

Harris & Garrod Limited

Notes to the Financial Statements

Year ended

30 June 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

Humber Bank South

Fish Docks

Grimsby

North East Lincolnshire

DN31 3SD

, United Kingdom.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The

financial statements

have been prepared on the historical cost basis, as modified by the revaluation of certain assets.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

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

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Goodwill

Purchased goodwill arises on business acquisitions and represents the difference between the cost of acquisition and the fair values of the identifiable assets and liabilities acquired.

Goodwill is initially recorded at cost, and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful economic life of the asset. Where a reliable estimate of the useful life of goodwill cannot be made, the life is presumed not to exceed five years.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Land and buildings	Straight line over 20 years
Plant and machinery	25% straight line
Office equipment	25% straight line
Motor vehicles	25% straight line

Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income or profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.

Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in profit or loss.

All other Investments held as fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was

(2024:

10.00

5 Intangible assets

	Goodwill
	£
Cost
At 1 July 2024 and 30 June 2025	168,041
Amortisation
At 1 July 2024	54,613
Charge	33,608
At 30 June 2025	88,221
Carrying amount
At 30 June 2025	79,820
At 30 June 2024	113,428

6 Tangible assets

	Land and buildings	Plant and machinery etc.		Total
	£	£		£
Cost
At 1 July 2024	204,157	274,220		478,377
Additions	-	7,995		7,995
Disposals	-	(21,295	)	(21,295	)
At 30 June 2025	204,157	260,920		465,077
Depreciation
At 1 July 2024	204,157	253,685		457,842
Charge	-	12,522		12,522
Disposals	-	(18,967	)	(18,967	)
At 30 June 2025	204,157	247,240		451,397
Carrying amount
At 30 June 2025	-	13,680		13,680
At 30 June 2024	-	20,535		20,535

7 Investments

	Other investments other than loans
	£
Cost
At 1 July 2024	1,500
Disposals	(1,500	)
At 30 June 2025	-
Impairment
At 1 July 2024 and 30 June 2025	-
Carrying amount
At 30 June 2025	-
At 30 June 2024	1,500

8 Debtors

	2025	2024
	£	£
Trade debtors	37,513	88,195
Other debtors	40,098	33,826
	77,611	122,021

9 Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	8,136	7,744
Trade creditors	49,187	54,586
Amounts owed to group undertakings and undertakings in which the company has a participating interest	-	35,000
Taxation and social security	6,365	15,663
Other creditors	163,699	166,751
	227,387	279,744

10 Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans and overdrafts	2,312		10,841