REGISTERED NUMBER: 00532478 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

D.R. HARRIS & CO. LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr T C Harris

Mrs S Jain

SECRETARY:

Dr T C Harris

REGISTERED OFFICE:

29 St. James's Street

London

SW1A 1HB

REGISTERED NUMBER:

00532478 (England and Wales)

ACCOUNTANTS:

Liles Morris Limited

1st Floor

80 Coombe Road

New Malden

Surrey

KT3 4QS

FIXED ASSETS

Tangible assets

5

234,119

241,911

CURRENT ASSETS

Stocks

1,127,095

1,038,490

Debtors

6

324,040

276,840

Cash at bank and in hand

2,796,112

2,447,292

4,247,247

3,762,622

CREDITORS

Amounts falling due within one year

7

2,265,845

2,147,913

NET CURRENT ASSETS

1,981,402

1,614,709

TOTAL ASSETS LESS CURRENT LIABILITIES

2,215,521

1,856,620

PROVISIONS FOR LIABILITIES

4,000

4,000

NET ASSETS

2,211,521

1,852,620

CAPITAL AND RESERVES

Called up share capital

96

96

Retained earnings

2,211,425

1,852,524

SHAREHOLDERS' FUNDS

2,211,521

1,852,620

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 December 2025 and were signed on its behalf by:

Dr T C Harris - Director

1.	STATUTORY INFORMATION

D.R. Harris & Co. 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 presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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. There were no material departures from this standard.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 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:

Freehold Property 1/3 over 50 years

Short Leasehold over 12 years

Fixtures & Fittings over 8 years

Equipment 25% on cost

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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 16 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

445,783

408,121

853,904

Additions

-

13,982

13,982

Disposals

-

(9,371

)

(9,371

)

At 31 March 2025

445,783

412,732

858,515

DEPRECIATION

At 1 April 2024

217,006

394,987

611,993

Charge for year

14,135

7,639

21,774

Eliminated on disposal

-

(9,371

)

(9,371

)

At 31 March 2025

231,141

393,255

624,396

NET BOOK VALUE

At 31 March 2025

214,642

19,477

234,119

At 31 March 2024

228,777

13,134

241,911

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

222,222

147,457

Other debtors

101,818

129,383

324,040

276,840

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

99,127

110,090

Taxation and social security

122,756

77,234

Other creditors

2,043,962

1,960,589

2,265,845

2,147,913

8.	OTHER FINANCIAL COMMITMENTS

At 31st March 2025 the company had total guarantees and commitments of £877,644 (2024 - £1,046,932).