REGISTERED NUMBER: 04665965 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

HARRIS INSTALLATION SERVICES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P W Harris

Mrs S Harris

SECRETARY:

Mrs S Harris

REGISTERED OFFICE:

Units A&B Cedar Depot

Church Manorway

Erith

Kent

DA8 1DE

REGISTERED NUMBER:

04665965 (England and Wales)

ACCOUNTANTS:

Jan Watkinson & Co.

14 Broadway

Rainham

Essex

RM13 9YW

BANKERS:

Santander

PO Box 10102

21 Prescot Street

London

E1 8TN

FIXED ASSETS

Tangible assets

4

404,902

461,576

CURRENT ASSETS

Stocks

22,519

24,760

Debtors

5

335,955

304,003

Cash at bank and in hand

58,639

74,630

417,113

403,393

CREDITORS

Amounts falling due within one year

6

349,224

337,871

NET CURRENT ASSETS

67,889

65,522

TOTAL ASSETS LESS CURRENT LIABILITIES

472,791

527,098

CREDITORS

Amounts falling due after more than one year

7

(141,361

)

(198,658

)

PROVISIONS FOR LIABILITIES

10

(83,406

)

(67,078

)

NET ASSETS

248,024

261,362

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

247,924

261,262

SHAREHOLDERS' FUNDS

248,024

261,362

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss Account and Retained Earnings Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2025 and were signed on its behalf by:

P W Harris - Director

1.	STATUTORY INFORMATION

Harris Installation 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.

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software has been fully amortised in the current year.

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.

Short leasehold

-

in accordance with the property

Plant and machinery

-

25% on reducing balance

Furniture and Equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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.

Work in progress un-billed at the year end has been taken to turnover, the amount due being included in trade debtors.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account and Retained Earnings 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

The company directly contributes to individual defined contribution personal pension schemes of employees. The assets of these schemes are held separately from those of the company in separately administered funds. Contributions payable for the year are charged in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2024 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 March 2024

16,812

1,240,915

1,257,727

Additions

-

92,427

92,427

Disposals

-

(50,763

)

(50,763

)

At 28 February 2025

16,812

1,282,579

1,299,391

DEPRECIATION

At 1 March 2024

15,026

781,125

796,151

Charge for year

1,786

135,753

137,539

Eliminated on disposal

-

(39,201

)

(39,201

)

At 28 February 2025

16,812

877,677

894,489

NET BOOK VALUE

At 28 February 2025

-

404,902

404,902

At 29 February 2024

1,786

459,790

461,576

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

Plant and

machinery

etc

£

COST

At 1 March 2024

420,692

Additions

71,106

Transfer to ownership

(41,910

)

At 28 February 2025

449,888

DEPRECIATION

At 1 March 2024

172,153

Charge for year

77,425

Transfer to ownership

(31,965

)

At 28 February 2025

217,613

NET BOOK VALUE

At 28 February 2025

232,275

At 29 February 2024

248,539

5.

DEBTORS

28.2.25

29.2.24

£

£

Amounts falling due within one year:

Trade debtors

212,428

188,267

Other debtors

81,282

73,491

293,710

261,758

Amounts falling due after more than one year:

Other debtors

42,245

42,245

Aggregate amounts

335,955

304,003

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts (see note 8)

108,648

91,920

Trade creditors

115,707

114,482

Taxation and social security

57,318

42,275

Other creditors

57,551

79,194

349,224

337,871

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans

5,833

15,833

Hire purchase contracts (see note 8)

135,528

182,825

141,361

198,658

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

28.2.25

29.2.24

£

£

Gross obligations repayable:

Within one year

123,102

108,054

Between one and five years

145,793

199,609

268,895

307,663

Finance charges repayable:

Within one year

14,454

16,134

Between one and five years

10,265

16,784

24,719

32,918

Net obligations repayable:

Within one year

108,648

91,920

Between one and five years

135,528

182,825

244,176

274,745

Non-cancellable

operating leases

28.2.25

29.2.24

£

£

Within one year

107,000

253,000

Between one and five years

75,000

57,000

182,000

310,000

A new operating lease had been signed before these accounts were approved, but after the end of the financial year for a minimum of 5 years with a total liability due of £710,000 over 5 years.

9.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.25

29.2.24

£

£

Hire purchase contracts

244,176

274,745

The debts are secured on the specific vehicles/plant held under finance leases/HP agreements.

10.	PROVISIONS FOR LIABILITIES

28.2.25

29.2.24

£

£

Deferred tax

Accelerated capital allowances

101,186

114,898

Tax losses carried forward

(17,780

)

(47,820

)

83,406

67,078

Deferred

tax

£

Balance at 1 March 2024

67,078

Provided during year

18,577

Utilised during year

(2,249

)

Balance at 28 February 2025

83,406

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.25

29.2.24

value:

£

£

100

Ordinary

£1

100

100

12.	CAPITAL COMMITMENTS

28.2.25

29.2.24

£

£

Contracted but not provided for in the

financial statements

-

61,288

13.	RELATED PARTY DISCLOSURES

During the year, total dividends of £51,000 (2024 - £18,000) were paid to the directors .

14.	ULTIMATE CONTROLLING PARTY

The controlling party is P W Harris.