Company Registration No. SC584610 (Scotland)
Harvey & London Ltd
Unaudited accounts
for the year ended 31 January 2023
Harvey & London Ltd
Unaudited accounts
Contents
Harvey & London Ltd
Company Information
for the year ended 31 January 2023
Directors
Teresa Harvey
Simeon London
Company Number
SC584610 (Scotland)
Registered Office
2 High Cottage Bowfield Road
Howwood
Johnstone
PA9 1DB
UNITED KINGDOM
Accountants
Peter Andrew
Ardoch
Kilbryde Crescent
Dunblane
FK15 9AZ
Harvey & London Ltd
Statement of financial position
as at 31 January 2023
Tangible assets
7,434
8,604
Cash at bank and in hand
106,281
105,254
Creditors: amounts falling due within one year
(38,458)
(32,764)
Net current assets
76,185
80,721
Total assets less current liabilities
83,619
89,325
Creditors: amounts falling due after more than one year
(25,000)
(35,000)
Called up share capital
1
1
Profit and loss account
58,618
54,324
Shareholders' funds
58,619
54,325
For the year ending 31 January 2023 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2023 and were signed on its behalf by
Simeon London
Director
Company Registration No. SC584610
Harvey & London Ltd
Notes to the Accounts
for the year ended 31 January 2023
Harvey & London Ltd is a private company, limited by shares, registered in Scotland, registration number SC584610. The registered office is 2 High Cottage Bowfield Road, Howwood, Johnstone, PA9 1DB, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Reducing balance
Computer equipment
25% Reducing balance
Harvey & London Ltd
Notes to the Accounts
for the year ended 31 January 2023
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2022
9,274
2,417
11,691
At 31 January 2023
9,274
3,625
12,899
At 1 February 2022
2,318
769
3,087
Charge for the year
1,739
639
2,378
At 31 January 2023
4,057
1,408
5,465
At 31 January 2023
5,217
2,217
7,434
At 31 January 2022
6,956
1,648
8,604
Finished goods
8,297
8,196
Amounts falling due within one year
Accrued income and prepayments
65
35
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,000
10,000
Taxes and social security
22,354
22,224
8
Creditors: amounts falling due after more than one year
2023
2022
The bank loan is repayable in installments over 6 years. The loan is guaranteed by government and carries an interest rate of 2.5% p.a.
9
Average number of employees
During the year the average number of employees was 6 (2022: 6).