HARPERS (WEST CUMBRIA) LIMITED


Directors	HARPER, Gregory
	HARPER, Kenneth


Registered Address	Harpers Cumbria Auchinlek Drive
	Rosehill Industrial Estate
	Carlisle
	CA1 2UR


Registered Number	04290581 (England and Wales)

Notes to the Financial Statements
for the year ended 31 March 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Defined contribution pension plan
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in other creditors in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

	Current taxation
	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.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	20
	Fixtures and fittings	20
	Office Equipment	20

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Income Statement. Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Stocks and work in progress

Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). 

At each date of Statement of Financial Position, stocks are assessed for impairment.  If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell.  The impairment loss is recognised immediately in the Income Statement.

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	18		16

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 April 25	759,132	244,943	45,900	68,876	1,118,851
Additions	367,833	75,147	8,654	999	452,633
Disposals	-	(17,330)	(25,113)	(59,068)	(101,511)
At 31 March 26	1,126,965	302,760	29,441	10,807	1,469,973
Depreciation and impairment
At 01 April 25	-	149,128	33,441	57,437	240,006
Charge for year	-	24,635	3,531	1,145	29,311
On disposals	-	(14,694)	(21,657)	(52,354)	(88,705)
At 31 March 26	-	159,069	15,315	6,228	180,612
Net book value
At 31 March 26	1,126,965	143,691	14,126	4,579	1,289,361
At 31 March 25	759,132	95,815	12,459	11,439	878,845

4.	Stocks

	2026	2025
	£	£
Other stocks	1,659,779	1,497,552
Total	1,659,779	1,497,552

5.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	245,733	451,081
Other debtors	1,080	33,388
Prepayments and accrued income	-	31,573
Total	246,813	516,042

6.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	104,867	27,573
Bank borrowings and overdrafts	56,618	215,934
Taxation and social security	63,087	42,822
Finance lease and HP contracts	21,499	126,725
Other creditors	1,683,760	1,806,335
Accrued liabilities and deferred income	2,742	30,740
Total	1,932,573	2,250,129


	Bank loans are secured by means of a fixed charge over certain freehold and leasehold land and a floating charge over the remaining assets of the company. Obligations under finance leases and hire purchase contracts are secured against the asset to which they relate.

7.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	350,379	65,373
Other creditors	69,224	-
Total	419,603	65,373


	Obligations under finance leases and hire purchase contracts totalling £69,224 (2025 - £Nil) are included within other creditors, within creditors: amounts due after one year are secured against the asset to which they relate.

8.	Obligations under finance leases

		2026		2025
		£		£
	Finance lease and HP contracts	90,723		126,725

9.	Provisions for liabilities

	2026	2025
	£	£
Other provisions	40,500	29,714
Total	40,500	29,714

10.	Other commitments
	At 31 March 2026 the company had future minimum lease payments under non-cancellable operating leases of £454,419 (2025: £286,875)

11.	Directors advances, credits and guarantees
	On 1 April 2025 a director owed the company £25,000. During the period the director was advanced a further £58,780 and repaid £83,780. At 31 March 2026 the director owed the company £Nil. The loan was unsecured, repayable on demand and interest was charged at the official HMRC rate.

12.	Related party transactions
	At the balance-sheet date, the company owed £848,470 to a director, compared with £1,023,128 in the preceding year. The balance is unsecured, interest-free and repayable on demand.

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		1,289,361		878,845
			1,289,361		878,845
Current assets
Stocks	4	1,659,779		1,497,552
Debtors	5	246,813		516,042
Cash at bank and on hand		71,271		216,791
		1,977,863		2,230,385
Creditors amounts falling due within one year	6	(1,932,573)		(2,250,129)
Net current assets (liabilities)			45,290		(19,744)
Total assets less current liabilities			1,334,651		859,101
Creditors amounts falling due after one year	7		(419,603)		(65,373)
Provisions for liabilities	9		(40,500)		(29,714)
Net assets			874,548		764,014
Capital and reserves
Called up share capital			300,002		300,002
Revaluation reserve			42,862		42,862
Profit and loss account			531,684		421,150
Shareholders' funds			874,548		764,014