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REGISTERED NUMBER: 05096463 (England and Wales)










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: M Ashfield
Mrs H Coombes
W Gutteridge
S J Turner
S Grosvenor
G Olner
N Allcroft


REGISTERED OFFICE: Highdown House
11 Highdown Road
Leamington Spa
Warwickshire
CV31 1XT


REGISTERED NUMBER: 05096463 (England and Wales)


BANKERS: Lloyds Bank PLC
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 5 130,754 170,396
Investments 6 4 4
130,758 170,400

CURRENT ASSETS
Debtors 2,265,747 2,442,832
Cash at bank and in hand 214,547 111,021
2,480,294 2,553,853
CREDITORS
Amounts falling due within one year 1,286,384 1,360,857
NET CURRENT ASSETS 1,193,910 1,192,996
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,324,668

1,363,396

CREDITORS
Amounts falling due after more than one
year

(469,257

)

(496,357

)

PROVISIONS FOR LIABILITIES (30,527 ) (40,101 )
NET ASSETS 824,884 826,938

CAPITAL AND RESERVES
Called up share capital 9 170 175
Share premium 269,946 269,946
Capital redemption reserve 352 347
Retained earnings 554,416 556,470
SHAREHOLDERS' FUNDS 824,884 826,938

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 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.

HARRISON BEALE & OWEN LIMITED (REGISTERED NUMBER: 05096463)

ABRIDGED BALANCE SHEET - continued
31 March 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 23 July 2024 and were signed on its behalf by:





M Ashfield - Director


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 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.

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
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of five years.

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
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.
Short leasehold - over the lease term
Plant and machinery - 20% on reducing balance
Furniture and equipment - 20% on reducing balance
Computer equipment - 33% on cost

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 103 (2023 - 97 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023
and 31 March 2024 482,320
AMORTISATION
At 1 July 2023
and 31 March 2024 482,320
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 311,013
Additions 80,050
Disposals (128,998 )
At 31 March 2024 262,065
DEPRECIATION
At 1 July 2023 140,617
Charge for period 35,729
Eliminated on disposal (45,035 )
At 31 March 2024 131,311
NET BOOK VALUE
At 31 March 2024 130,754
At 30 June 2023 170,396

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 9,806 20,000
Between one and five years 49,110 98,739
58,916 118,739

Non-cancellable operating leases
2024 2023
£    £   
Within one year 125,480 206,720
Between one and five years 254,200 328,000
379,680 534,720

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: £    £   
10 Ordinary A £1 10 15
1,600 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.