W Harris of Chelmsford Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00716752

W Harris of Chelmsford Limited

Filleted Unaudited Financial Statements

31 March 2025

W Harris of Chelmsford Limited

Financial Statements

Year ended 31st March 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

W Harris of Chelmsford Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	6	298,237	269,407
Investments	7	29,388	29,279
		---------	---------
		327,625	298,686

Current assets

Debtors	8	98,290	87,104
Cash at bank and in hand		10,164	29,649
		---------	---------
		108,454	116,753

Creditors: amounts falling due within one year	9	161,203		121,168
		---------		---------
Net current liabilities			52,749		4,415
			---------		---------
Total assets less current liabilities			274,876		294,271

Creditors: amounts falling due after more than one year	10		160,712		191,377

Provisions

Taxation including deferred tax	9,703	–
	---------	---------
Net assets	104,461	102,894
	---------	---------

Capital and reserves

Called up share capital	11	1,000	1,000
Profit and loss account		103,461	101,894
		---------	---------
Shareholders funds		104,461	102,894
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31st March 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 .

W Harris of Chelmsford Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 20 November 2025 , and are signed on behalf of the board by:

A.J. Wicks	T. Wicks
Director	Director

Company registration number: 00716752

W Harris of Chelmsford Limited

Notes to the Financial Statements

Year ended 31st March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales, registration number 00716752 . The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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 financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, 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.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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 is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Amortisation

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

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

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

Plant and machinery	-	15% straight line
Motor vehicles	-	20% straight line
Leasehold improvements	-	2 % straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

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. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 5 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1st April 2024 and 31st March 2025	10,000
	--------
Amortisation
At 1st April 2024 and 31st March 2025	10,000
	--------
Carrying amount
At 31st March 2025	–
	--------
At 31st March 2024	–
	--------

6. Tangible assets

	Plant and machinery	Motor vehicles	Leasehold improvements	Total
	£	£	£	£
Cost
At 1st April 2024	154,368	158,600	243,600	556,568
Additions	21,814	–	19,966	41,780
Disposals	–	( 14,650)	–	( 14,650)
	---------	---------	---------	---------
At 31st March 2025	176,182	143,950	263,566	583,698
	---------	---------	---------	---------
Depreciation
At 1st April 2024	136,186	150,975	–	287,161
Charge for the year	2,475	7,400	3,075	12,950
Disposals	–	( 14,650)	–	( 14,650)
	---------	---------	---------	---------
At 31st March 2025	138,661	143,725	3,075	285,461
	---------	---------	---------	---------
Carrying amount
At 31st March 2025	37,521	225	260,491	298,237
	---------	---------	---------	---------
At 31st March 2024	18,182	7,625	243,600	269,407
	---------	---------	---------	---------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Motor vehicles
	£
At 31st March 2025	–
	----
At 31st March 2024	4,874
	-------

7. Investments

	Other investments other than loans
	£
Cost
At 1st April 2024	29,279
Revaluations	109
	--------
At 31st March 2025	29,388
	--------
Impairment
At 1st April 2024 and 31st March 2025	–
	--------

Carrying amount
At 31st March 2025	29,388
	--------
At 31st March 2024	29,279
	--------

The company holds 10,925 (2024 - 10,925) shares and a bond in Britannia Movers International PLC.

8. Debtors

	2025	2024
	£	£
Trade debtors	30,029	31,122
Prepayments and accrued income	59,973	48,994
Directors loan account	5,572	5,178
Other debtors	2,716	1,810
	--------	--------
	98,290	87,104
	--------	--------

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	35,496	23,864
Trade creditors	73,402	61,823
Accruals and deferred income	18,182	16,162
Corporation tax	–	255
Social security and other taxes	13,360	7,270
Shares classed as financial liabilities	15,733	–
Obligations under finance leases and hire purchase contracts	–	4,874
Director loan accounts	2,000	4,000
Other taxes and social security	3,030	2,920
	---------	---------
	161,203	121,168
	---------	---------

10. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	19,121	34,053
Shares classed as financial liabilities	141,591	157,324
	---------	---------
	160,712	191,377
	---------	---------

11. Called up share capital

Authorised share capital

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	1,000	1,000	1,000	1,000
Preference shares of £ 0.10 each	1,573,236	157,324	1,573,236	157,324
	------------	---------	------------	---------
	1,574,236	158,324	1,574,236	158,324
	------------	---------	------------	---------

Issued, called up and fully paid

2025		2024
No.	£	No.	£

Amounts presented in equity:

Ordinary shares of £ 1 each	1,000	1,000	1,000	1,000
	-------	-------	-------	-------

Amounts presented in liabilities:

Preference shares of £ 0.10 each	1,573,236	157,324	1,573,236	157,324
	------------	---------	------------	---------

In August 2023 the director, A Wicks, converted £157,324 of his loan account into 1,573,236 4% cumulative redeemable £0.10 preference shares. The dividend is payable in two tranches, commencing in February 2024. The redeemable preference shares carry the right to dividends before ordinary shares, and also have priority on winding up of the company. The preference shares carry no voting rights. The preference shareholder shall have the right at any time after the anniversary of the date of the allotment of the preference shares falling in the year of the suffix to require the company to redeem such share at par. No premium will be paid on redemption.

12. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	11,770	4,020
Later than 1 year and not later than 5 years	40,689	11,772
	--------	--------
	52,459	15,792
	--------	--------

13. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
A.J. Wicks	( 4,000)	2,000	–	( 2,000)
T. Wicks	5,178	1,069	( 675)	5,572
	-------	-------	----	-------
	1,178	3,069	( 675)	3,572
	-------	-------	----	-------

	2024
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
A.J. Wicks	( 72,080)	162,474	( 94,394)	( 4,000)
T. Wicks	3,332	3,416	( 1,570)	5,178
	--------	---------	--------	-------
	( 68,748)	165,890	( 95,964)	1,178
	--------	---------	--------	-------

The maximum amount of loan outstanding from T Wicks during the year was £5,572 and no interest has been charged on this loan.

The bank loan and the bank overdraft are personally guaranteed by the directors.