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REGISTERED NUMBER: 03945757 (England and Wales)















HARRISONS LASER TECHNOLOGY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JULY 2023






HARRISONS LASER TECHNOLOGY LIMITED (REGISTERED NUMBER: 03945757)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HARRISONS LASER TECHNOLOGY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: P Harrison
J A J Harrison





SECRETARY: Mrs E Harrison





REGISTERED OFFICE: Unit 29 NPW Estates
The Business Centre
15-19 Normanby Road
Scunthorpe
North Lincolnshire
DN15 8QZ





REGISTERED NUMBER: 03945757 (England and Wales)






HARRISONS LASER TECHNOLOGY LIMITED (REGISTERED NUMBER: 03945757)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 760,567 414,391

CURRENT ASSETS
Debtors 5 143,146 109,369
Cash at bank 10,884 9,768
154,030 119,137
CREDITORS
Amounts falling due within one year 6 272,174 93,709
NET CURRENT (LIABILITIES)/ASSETS (118,144 ) 25,428
TOTAL ASSETS LESS CURRENT
LIABILITIES

642,423

439,819

CREDITORS
Amounts falling due after more than one
year

7

(599,131

)

(345,582

)

PROVISIONS FOR LIABILITIES (43,088 ) (43,088 )
NET ASSETS 204 51,149

CAPITAL AND RESERVES
Called up share capital 22 22
Retained earnings 182 51,127
SHAREHOLDERS' FUNDS 204 51,149

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

HARRISONS LASER TECHNOLOGY LIMITED (REGISTERED NUMBER: 03945757)

BALANCE SHEET - continued
31 JULY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2024 and were signed on its behalf by:





P Harrison - Director


HARRISONS LASER TECHNOLOGY LIMITED (REGISTERED NUMBER: 03945757)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

Harrisons Laser Technology 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

HARRISONS LASER TECHNOLOGY LIMITED (REGISTERED NUMBER: 03945757)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 707,724
Additions 507,973
Disposals (39,658 )
At 31 July 2023 1,176,039
DEPRECIATION
At 1 August 2022 293,333
Charge for year 143,545
Eliminated on disposal (21,406 )
At 31 July 2023 415,472
NET BOOK VALUE
At 31 July 2023 760,567
At 31 July 2022 414,391

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 August 2022 328,006
Additions 190,473
At 31 July 2023 518,479
DEPRECIATION
At 1 August 2022 51,061
Charge for year 102,432
At 31 July 2023 153,493
NET BOOK VALUE
At 31 July 2023 364,986
At 31 July 2022 276,945

HARRISONS LASER TECHNOLOGY LIMITED (REGISTERED NUMBER: 03945757)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 74,988 64,844
Other debtors 68,158 44,525
143,146 109,369

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 82,469 27,513
Hire purchase contracts and finance leases 166,119 55,242
Trade creditors 18,890 6,152
Taxation and social security 1,774 (634 )
Other creditors 2,922 5,436
272,174 93,709

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 196,205 113,968
Hire purchase contracts and finance leases 402,926 231,614
599,131 345,582

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 22,696