David Harrison Limited,Ltd - AccountsLtd - Accounts

DAVID HARRISON LIMITED - Company Information

2018-05-01 SC031753 2019-04-30 SC031753 2018-05-01 2019-04-30 SC031753 2018-04-30 SC031753 2017-05-01 2018-04-30 SC031753 uk-core:WithinOneYear 2018-04-30 SC031753 uk-core:WithinOneYear 2019-04-30 SC031753 uk-core:ShareCapital 2019-04-30 SC031753 uk-core:ShareCapital 2018-04-30 SC031753 uk-core:RevaluationReserve 2019-04-30 SC031753 uk-core:RevaluationReserve 2018-04-30 SC031753 uk-core:RetainedEarningsAccumulatedLosses 2019-04-30 SC031753 uk-core:RetainedEarningsAccumulatedLosses 2018-04-30 SC031753 uk-core:OtherMiscellaneousReserve 2019-04-30 SC031753 uk-bus:Director1 2018-05-01 2019-04-30 SC031753 uk-core:Buildings 2018-05-01 2019-04-30 SC031753 uk-core:PlantMachinery 2018-05-01 2019-04-30 SC031753 uk-core:CommercialMotorVehicles 2018-05-01 2019-04-30 SC031753 uk-core:CommercialMotorVehicles 2018-04-30 SC031753 uk-core:PlantMachinery 2018-04-30 SC031753 uk-core:Buildings 2018-04-30 SC031753 uk-core:Buildings 2019-04-30 SC031753 uk-core:PlantMachinery 2019-04-30 SC031753 uk-core:CommercialMotorVehicles 2019-04-30 SC031753 uk-core:CostValuation 2018-04-30 SC031753 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2018-04-30 SC031753 uk-core:AdditionsToInvestments 2019-04-30 SC031753 uk-core:AdditionsToInvestments uk-core:Non-currentFinancialInstruments 2019-04-30 SC031753 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2019-04-30 SC031753 uk-core:CostValuation 2019-04-30 SC031753 uk-core:Non-currentFinancialInstruments 2019-04-30 SC031753 uk-core:Non-currentFinancialInstruments 2018-04-30 iso4217:GBP xbrli:pure SC031753 uk-bus:AuditExemptWithAccountantsReport 2018-05-01 2019-04-30 SC031753 uk-bus:FRS102 2018-05-01 2019-04-30 SC031753 uk-bus:FullAccounts 2018-05-01 2019-04-30 SC031753 uk-bus:PrivateLimitedCompanyLtd 2018-05-01 2019-04-30

David Harrison Limited

Registered Number:SC031753

For the year ended 30 April 2019

Scotland

Unaudited Financial Statements

For the year ended 30 April 2019

David Harrison Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

As at 30 April 2019

David Harrison Limited

Statement of Financial Position

Registered Number :

SC031753

2018

2019

Notes

Fixed assets

Property, plant and equipment

536,878

730,889

1,553,249

1,243,562

Investment property

Financial assets

16,074

165,975

2,256,102

1,990,525

Current assets

Inventories

54,805

227,401

Trade and other receivables

1,496,818

444,970

502,200

Cash and cash equivalents

2,114,104

2,786,475

2,053,823

Trade and other payables: amounts falling due within one

year

(332,719)

(183,406)

1,721,104

2,603,069

Net current assets

Total assets less current liabilities

4,859,171

3,711,629

(8,494)

(21,769)

Provisions for liabilities

4,850,677

Net assets

3,689,860

Capital and reserves

Called up share capital

17,100

Revaluation reserve

1,242,774

Retained earnings

3,534,560

2,373,743

Other reserves

56,243

4,850,677

3,689,860

Shareholders' funds

For the year ended 30 April 2019 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 in accordance with Section 476 of the Companies Act 2006

The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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For the year ended 30 April 2019

David Harrison Limited

Statement of Financial Position Continued

Mr Robert B Harrison Director

These financial statements were approved and authorised for issue by the Board on 30 September 2019 and were signed by:

The notes form part of these financial statements

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For the year ended 30 April 2019

David Harrison Limited

Notes to the Financial Statements

Statutory Information

David Harrison Limited is a private limited company, limited by shares, domiciled in Scotland, registration number

SC031753.

Registered address:

Room 2, 6 Elm Court

Cavalry Park

Peebles

Peeeblesshire

EH45 9BU

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax.

Property, plant and equipment

Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Property

2% Straight line

Plant and Machinery

10% Reducing balance

25% Reducing balance

Motor Vehicles

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Inventories

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.

Financial Instruments

Basic financial instruments are initially measured at transaction price and are subsequently carried at amortised cost

using the effective interest rate.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

transaction price.

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For the year ended 30 April 2019

David Harrison Limited

Notes to the Financial Statements Continued

2. Property, plant and equipment

Total

Motor

Vehicles

Plant and

Machinery

Property

Cost or

valuation

At 01 May 2018

768,043

8,500

24,744

734,799

29,854

18,091

11,763

Additions

(8,500)

(220,000)

Disposals

(228,500)

At 30 April 2019

514,799

36,507

18,091

569,397

Provision for depreciation and impairment

At 01 May 2018

37,154

1,916

35,238

Charge for year

12,965

4,523

3,459

4,983

(17,600)

On disposal

At 30 April 2019

32,519

4,523

5,375

22,621

At 30 April 2019

Net book value

492,178

31,132

13,568

536,878

At 30 April 2018

699,561

22,828

8,500

730,889

3. Investment property

Total

Fair value

At 01 May 2018

1,243,562

Additions

107,287

Transfers

202,400

At 30 April 2019

1,553,249

Net book value

At 30 April 2019

1,553,249

At 30 April 2018

1,243,562

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For the year ended 30 April 2019

David Harrison Limited

Notes to the Financial Statements Continued

4. Investments held as fixed assets

Other investments

Shares in group

and

participating

interests

Total

At 01 May 2018

15,975

15,224

751

Cost

150,000

Additions

At 30 April 2019

150,751

15,224

165,975

At 30 April 2019

Net book value

150,751

15,224

165,975

At 01 May 2018

15,975

751

15,224

5. Inventories

2018

2019

Stocks

227,401

54,805

6. Trade and other receivables

2018

2019

Trade debtors

120,399

64,755

Amounts owed by group undertakings and participating interests

243,847

1,399,396

Other debtors

80,724

32,667

1,496,818

444,970

7. Trade and other payables: amounts falling due within one year

2018

2019

Trade creditors

78,137

123,891

Amounts owed to group undertaking and undertaking in which the

company has a participating interest

132,067

Taxation and social security

23,227

49,143

Other creditors

82,042

27,618

183,406

332,719

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For the year ended 30 April 2019

David Harrison Limited

Notes to the Financial Statements Continued

8. Reserves

Total

Revaluation reserve at 01 May 2018

1,242,774

Revaluation reserve at 30 April 2019

9. Average number of persons employed

During the year the average number of employees was 10 (2018 : 10)

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