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REGISTERED NUMBER: 10937971 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Harrison & Brown Furniture Limited

Harrison & Brown Furniture Limited (Registered number: 10937971)






Contents of the Financial Statements
for the year ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Harrison & Brown Furniture Limited

Company Information
for the year ended 30 September 2023







DIRECTOR: Ms M Brown





REGISTERED OFFICE: 8 Holmeside
Sunderland
SR1 3JE





REGISTERED NUMBER: 10937971 (England and Wales)





ACCOUNTANTS: TTR Barnes Limited
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG

Harrison & Brown Furniture Limited (Registered number: 10937971)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - 700
Tangible assets 6 11,109 12,762
11,109 13,462

CURRENT ASSETS
Stocks 163,986 151,073
Debtors 7 25,506 13,232
Cash at bank and in hand 85,517 113,211
275,009 277,516
CREDITORS
Amounts falling due within one year 8 146,189 128,023
NET CURRENT ASSETS 128,820 149,493
TOTAL ASSETS LESS CURRENT
LIABILITIES

139,929

162,955

CREDITORS
Amounts falling due after more than one
year

9

(16,667

)

(26,667

)

PROVISIONS FOR LIABILITIES (2,111 ) (2,425 )
NET ASSETS 121,151 133,863

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 121,051 133,763
121,151 133,863

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

Harrison & Brown Furniture Limited (Registered number: 10937971)

Balance Sheet - continued
30 September 2023


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

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

The financial statements were approved by the director and authorised for issue on 26 February 2024 and were signed by:





Ms M Brown - Director


Harrison & Brown Furniture Limited (Registered number: 10937971)

Notes to the Financial Statements
for the year ended 30 September 2023

1. STATUTORY INFORMATION

Harrison & Brown Furniture Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, which the directors consider to be appropriate.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% Straight line
Computer equipment - 33% Straight line

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

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Harrison & Brown Furniture Limited (Registered number: 10937971)

Notes to the Financial Statements - continued
for the year ended 30 September 2023

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

5. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 October 2022
and 30 September 2023 3,500
AMORTISATION
At 1 October 2022 2,800
Amortisation for year 700
At 30 September 2023 3,500
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 700

Harrison & Brown Furniture Limited (Registered number: 10937971)

Notes to the Financial Statements - continued
for the year ended 30 September 2023

6. TANGIBLE FIXED ASSETS
Improvements
to Computer
property equipment Totals
£    £    £   
COST
At 1 October 2022 13,255 3,744 16,999
Additions 1,639 666 2,305
Disposals - (666 ) (666 )
At 30 September 2023 14,894 3,744 18,638
DEPRECIATION
At 1 October 2022 2,646 1,591 4,237
Charge for year 2,924 1,034 3,958
Eliminated on disposal - (666 ) (666 )
At 30 September 2023 5,570 1,959 7,529
NET BOOK VALUE
At 30 September 2023 9,324 1,785 11,109
At 30 September 2022 10,609 2,153 12,762

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 12,181 3,670
Other debtors 13,325 9,562
25,506 13,232

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 10) 10,000 10,000
Trade creditors 30,149 65,994
Taxation and social security 15,976 20,798
Other creditors 90,064 31,231
146,189 128,023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 10) 16,667 26,667

Harrison & Brown Furniture Limited (Registered number: 10937971)

Notes to the Financial Statements - continued
for the year ended 30 September 2023

10. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 6,667 16,667