REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JULY 2023 TO 31 MARCH 2024 |
FOR |
HARRISON BEALE & OWEN LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JULY 2023 TO 31 MARCH 2024 |
FOR |
HARRISON BEALE & OWEN LIMITED |
HARRISON BEALE & OWEN LIMITED (REGISTERED NUMBER: 05096463) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the period 1 July 2023 to 31 March 2024 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
HARRISON BEALE & OWEN LIMITED |
COMPANY INFORMATION |
for the period 1 July 2023 to 31 March 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
BANKERS: |
73 The Parade |
Leamington Spa |
Warwickshire |
CV32 4BB |
HARRISON BEALE & OWEN LIMITED (REGISTERED NUMBER: 05096463) |
ABRIDGED BALANCE SHEET |
31 March 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
Investments | 6 |
CURRENT ASSETS |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Share premium |
Capital redemption reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
HARRISON BEALE & OWEN LIMITED (REGISTERED NUMBER: 05096463) |
ABRIDGED BALANCE SHEET - continued |
31 March 2024 |
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 |
HARRISON BEALE & OWEN LIMITED (REGISTERED NUMBER: 05096463) |
NOTES TO THE FINANCIAL STATEMENTS |
for the period 1 July 2023 to 31 March 2024 |
1. | STATUTORY INFORMATION |
Harrison Beale & Owen Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements are presented in sterling which is the functional currency of the company and is rounded to the nearest £1. |
Turnover |
Turnover comprises the value of sales (excluding value added tax and similar taxes), of services provided in the normal course of business. Revenue is recognised in the period to which the income relates. |
Goodwill |
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. |
Tangible fixed assets |
Short leasehold | - |
Plant and machinery | - |
Furniture and equipment | - |
Computer equipment | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Taxation |
Taxation for the period 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 period 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. |
HARRISON BEALE & OWEN LIMITED (REGISTERED NUMBER: 05096463) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 1 July 2023 to 31 March 2024 |
2. | ACCOUNTING POLICIES - continued |
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. |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 July 2023 |
and 31 March 2024 |
AMORTISATION |
At 1 July 2023 |
and 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 30 June 2023 |
HARRISON BEALE & OWEN LIMITED (REGISTERED NUMBER: 05096463) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 1 July 2023 to 31 March 2024 |
5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 July 2023 |
Additions |
Disposals | ( |
) |
At 31 March 2024 |
DEPRECIATION |
At 1 July 2023 |
Charge for period |
Eliminated on disposal | ( |
) |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 30 June 2023 |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Totals |
£ |
COST |
At 1 July 2023 | 78,739 |
Additions | 68,569 |
Disposals | (80,239 | ) |
At 31 March 2024 | 67,069 |
DEPRECIATION |
Charge for period | 10,555 |
Eliminated on disposal | (5,349 | ) |
At 31 March 2024 | 5,206 |
NET BOOK VALUE |
At 31 March 2024 | 61,863 |
At 30 June 2023 | 78,739 |
HARRISON BEALE & OWEN LIMITED (REGISTERED NUMBER: 05096463) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 1 July 2023 to 31 March 2024 |
6. | FIXED ASSET INVESTMENTS |
Information on investments other than loans is as follows: |
Totals |
£ |
COST |
At 1 July 2023 |
and 31 March 2024 | 4 |
NET BOOK VALUE |
At 31 March 2024 | 4 |
At 30 June 2023 | 4 |
7. | LEASING AGREEMENTS |
Minimum lease payments fall due as follows: |
Hire purchase contracts |
2024 | 2023 |
£ | £ |
Net obligations repayable: |
Within one year |
Between one and five years |
Non-cancellable | operating leases |
2024 | 2023 |
£ | £ |
Within one year |
Between one and five years |
8. | SECURED DEBTS |
The bank overdraft facility is secured by a debenture and directors' personal guarantees. |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary A | £1 | 10 | 15 |
Ordinary £0.10 | 10p | 160 | 160 |
170 | 175 |
HARRISON BEALE & OWEN LIMITED (REGISTERED NUMBER: 05096463) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 1 July 2023 to 31 March 2024 |
10. | PENSION COMMITMENTS |
The company operates a defined contribution pension scheme in respect of the directors and certain employees. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company and amounted to £145,294 (2023 - £193,476). At the balance sheet date there was £21,550 (2023 - £12,034) due to the pension provider. |
11. | CONTROLLING INTERESTS |
The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company. |