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COMPANY REGISTRATION NUMBER: 05354101
Harrison Eidsgaard Limited
Filleted Unaudited Financial Statements
28 February 2023
Harrison Eidsgaard Limited
Financial Statements
Year ended 28 February 2023
Contents
Page
Officers and professional advisers
1
Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
4
Harrison Eidsgaard Limited
Officers and Professional Advisers
The board of directors
Mr P Eidsgaard
Mrs E T Eidsgaard
Mr R Whitehouse
Mr B Harrison
Company secretary
Mrs E T Eidsgaard
Registered office
727 - 729 High Road
London
N12 0BP
Accountants
Complete Accounting Solutions
Chartered Certified Accountants
727-729 High Road
London
N12 0BP
Harrison Eidsgaard Limited
Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Harrison Eidsgaard Limited
Year ended 28 February 2023
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 28 February 2023, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Complete Accounting Solutions Chartered Certified Accountants
727-729 High Road London N12 0BP
Harrison Eidsgaard Limited
Statement of Financial Position
28 February 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
42,490
44,198
Current assets
Debtors
6
2,346,474
1,975,328
Cash at bank and in hand
1,619,774
663,740
------------
------------
3,966,248
2,639,068
Creditors: amounts falling due within one year
7
415,230
103,460
------------
------------
Net current assets
3,551,018
2,535,608
------------
------------
Total assets less current liabilities
3,593,508
2,579,806
------------
------------
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
3,592,508
2,578,806
------------
------------
Shareholders funds
3,593,508
2,579,806
------------
------------
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 comprehensive income has not been delivered.
For the year ending 28 February 2023 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 .
These financial statements were approved by the board of directors and authorised for issue on 22 November 2023 , and are signed on behalf of the board by:
Mrs E T Eidsgaard
Director
Company registration number: 05354101
Harrison Eidsgaard Limited
Notes to the Financial Statements
Year ended 28 February 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 727 - 729 High Road, London, N12 0BP.
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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
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 .
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and 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:
Leasehold property
-
20% straight line
Equipment
-
33% straight line
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 14 (2022: 12 ).
5. Tangible assets
Short leasehold property
Equipment
Total
£
£
£
Cost
At 1 March 2022
166,524
117,607
284,131
Additions
37,470
37,470
---------
---------
---------
At 28 February 2023
166,524
155,077
321,601
---------
---------
---------
Depreciation
At 1 March 2022
146,888
93,045
239,933
Charge for the year
19,637
19,541
39,178
---------
---------
---------
At 28 February 2023
166,525
112,586
279,111
---------
---------
---------
Carrying amount
At 28 February 2023
( 1)
42,491
42,490
---------
---------
---------
At 28 February 2022
19,636
24,562
44,198
---------
---------
---------
6. Debtors
2023
2022
£
£
Trade debtors
419,930
191,833
Other debtors
1,926,544
1,783,495
------------
------------
2,346,474
1,975,328
------------
------------
The debtors above include the following amounts falling due after more than one year:
2023
2022
£
£
Other debtors
1,790,419
1,509,408
------------
------------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
118,889
Corporation tax
274,742
87,807
Social security and other taxes
4,067
Other creditors
21,599
11,586
---------
---------
415,230
103,460
---------
---------
The company has provided security by way of a fixed and floating charge over all the property or undertakings of the company in favour of Barclays Security Trustee Limited .
8. Controlling party
The company is under the control of P Eidsgaard, director, along with close family members by virtue of owning the majority of the issued share capital of the company .