2022-03-012023-02-282023-02-28false09439354HARRY NESBITT 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HARRY NESBITT LIMITED

Registered Number
09439354
(England and Wales)

Unaudited Financial Statements for the Year ended
28 February 2023

HARRY NESBITT LIMITED
Company Information
for the year from 1 March 2022 to 28 February 2023

Directors

Harry Nesbitt
Mark Nesbitt

Registered Address

4 Bridgetown Court
Bridgetown
Totnes
TQ9 5BU

Registered Number

09439354 (England and Wales)
HARRY NESBITT LIMITED
Balance Sheet as at
28 February 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets610,9299,941
10,9299,941
Current assets
Debtors471,611278,416
Cash at bank and on hand1,113,204748,258
1,584,8151,026,674
Creditors amounts falling due within one year(181,016)(105,660)
Net current assets (liabilities)1,403,799921,014
Total assets less current liabilities1,414,728930,955
Net assets1,414,728930,955
Capital and reserves
Called up share capital11
Profit and loss account1,414,727930,954
Shareholders' funds1,414,728930,955
The financial statements were approved and authorised for issue by the Board of Directors on 14 November 2023, and are signed on its behalf by:
Mark Nesbitt
Director
Registered Company No. 09439354
HARRY NESBITT LIMITED
Notes to the Financial Statements
for the year ended 28 February 2023

1.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.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
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 from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Office Equipment25
Revenue recognition policy
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.
Foreign currency translation and operations policy
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 profit or loss.
4.Employee information

20232022
Average number of employees during the year11
5.Intangible assets

Total

£
Cost or valuation
At 01 March 2210,000
At 28 February 2310,000
Amortisation and impairment
At 01 March 2210,000
At 28 February 2310,000
Net book value
At 28 February 23-
At 28 February 22-
6.Property, plant and equipment

Total

£
Cost or valuation
At 01 March 2218,826
Additions3,814
At 28 February 2322,640
Depreciation and impairment
At 01 March 228,885
Charge for year2,826
At 28 February 2311,711
Net book value
At 28 February 2310,929
At 28 February 229,941