Registration number: 02058345

R T Harris & Son (Electrical Contractors) Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 6

R T Harris & Son (Electrical Contractors) Limited

(Registration number: 02058345)
Balance Sheet as at 30 April 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	48,329	65,591
Current assets
Debtors	5	543,119	1,370,996
Cash at bank and in hand		280,122	293,188
		823,241	1,664,184
Creditors: Amounts falling due within one year	6	(414,990)	(1,418,607)
Net current assets		408,251	245,577
Net assets		456,580	311,168
Capital and reserves
Called up share capital	7	102	102
Retained earnings		456,478	311,066
Shareholders' funds		456,580	311,168

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 September 2025 and signed on its behalf by:
 

......................................... Mr MRJ Harris Director

R T Harris & Son (Electrical Contractors) Limited

Notes to the Financial Statements for the Year Ended 30 April 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Shotover Kilns
Shotover Hill
Headington
Oxford
OX3 8ST

These financial statements were authorised for issue by the Board on 11 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 11 September 2025 was Anthony Haines BSc FCA, who signed for and on behalf of Wenn Townsend.

Key sources of estimation uncertainty

Valuation of amounts recoverable on contracts. The carrying amount is £201,208 (2024: £226,300)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

R T Harris & Son (Electrical Contractors) Limited

Notes to the Financial Statements for the Year Ended 30 April 2025

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% reducing balance
Motor vehicles	33% reducing balance
Computer equipment	25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Amounts recoverable on long term contracts, which are included in debtors, are stated at the net sales value of work done after provisions for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments received on account.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

R T Harris & Son (Electrical Contractors) Limited

Notes to the Financial Statements for the Year Ended 30 April 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 37 (2024 - 39).

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 May 2024	149,184	133,253	282,437
Additions	241	20,395	20,636
Disposals	-	(8,510)	(8,510)
At 30 April 2025	149,425	145,138	294,563
Depreciation
At 1 May 2024	144,945	71,901	216,846
Charge for the year	1,817	36,081	37,898
Eliminated on disposal	-	(8,510)	(8,510)
At 30 April 2025	146,762	99,472	246,234
Carrying amount
At 30 April 2025	2,663	45,666	48,329
At 30 April 2024	4,239	61,352	65,591

R T Harris & Son (Electrical Contractors) Limited

Notes to the Financial Statements for the Year Ended 30 April 2025

5

Debtors

	Note	2025 £	2024 £
Trade debtors		168,203	401,144
Amounts owed by parent company	9	-	454,204
Prepayments		54,273	54,128
Other debtors		320,643	461,520
		543,119	1,370,996

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		169,525	406,417
Amounts owed to parent company	9	122,895	-
Taxation and social security		95,676	206,001
Accruals and deferred income		25,630	38,009
Other creditors		1,264	768,180
		414,990	1,418,607

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	102	102	102	102

8

Dividends

Final dividends paid

		2025 £		2024 £
Final dividend of £Nil (2024 - £625,000) per each Ordinary shares		-		1,250,000
Final dividend of £Nil (2024 - £7,500) per each Ordinary A shares		-		750,000
		-		2,000,000

R T Harris & Son (Electrical Contractors) Limited

Notes to the Financial Statements for the Year Ended 30 April 2025

9	Related party transactions

2025	At 1 May 2024 £	Advances to director £	At 30 April 2025 £
Mr MRJ Harris
Loan at official rate of interest	(750,000)	750,000	-