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REGISTERED NUMBER: 06138458 (England and Wales)















HARRISON & OSBORNE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH MARCH 2024






HARRISON & OSBORNE LIMITED (REGISTERED NUMBER: 06138458)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HARRISON & OSBORNE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH MARCH 2024







DIRECTORS: M Harrison
C P Osborne





SECRETARY: C P Osborne





REGISTERED OFFICE: Pembroke House
Ty Coch Lane
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU





REGISTERED NUMBER: 06138458 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

HARRISON & OSBORNE LIMITED (REGISTERED NUMBER: 06138458)

BALANCE SHEET
30TH MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 102,278 82,031

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 5 137,052 150,476
Cash at bank 76,497 57,333
218,549 212,809
CREDITORS
Amounts falling due within one year 6 182,033 157,813
NET CURRENT ASSETS 36,516 54,996
TOTAL ASSETS LESS CURRENT
LIABILITIES

138,794

137,027

CREDITORS
Amounts falling due after more than one
year

7

(61,623

)

(66,904

)

PROVISIONS FOR LIABILITIES (25,570 ) (15,586 )
NET ASSETS 51,601 54,537

CAPITAL AND RESERVES
Called up share capital 8 4 4
Retained earnings 51,597 54,533
SHAREHOLDERS' FUNDS 51,601 54,537

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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 & OSBORNE LIMITED (REGISTERED NUMBER: 06138458)

BALANCE SHEET - continued
30TH MARCH 2024


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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th July 2024 and were signed on its behalf by:





C P Osborne - Director


HARRISON & OSBORNE LIMITED (REGISTERED NUMBER: 06138458)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH MARCH 2024

1. STATUTORY INFORMATION

Harrison & Osborne 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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

HARRISON & OSBORNE LIMITED (REGISTERED NUMBER: 06138458)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 31st March 2023 103,846 65,688 169,534
Additions 19,966 29,995 49,961
At 30th March 2024 123,812 95,683 219,495
DEPRECIATION
At 31st March 2023 71,801 15,702 87,503
Charge for year 9,719 19,995 29,714
At 30th March 2024 81,520 35,697 117,217
NET BOOK VALUE
At 30th March 2024 42,292 59,986 102,278
At 30th March 2023 32,045 49,986 82,031

Included within fixed assets are assets held under hire purchase agreements which at the year end had a net book value of £65,580 (2023: £57,444) on which depreciation of £47,395 (2023: £25,536) had been charged.

HARRISON & OSBORNE LIMITED (REGISTERED NUMBER: 06138458)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH MARCH 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 87,777 84,921
CIS debtor 49,275 59,680
VAT - 5,875
137,052 150,476

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 13,636 13,636
Hire purchase contracts 24,332 16,966
Trade creditors 49,537 56,691
Credit card 2,175 3,049
Corporation Tax 41,099 32,210
VAT 9,900 -
Directors' current accounts 25,889 20,151
Accruals and deferred income 15,465 15,110
182,033 157,813

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 13,636 13,636
Bank loans - 2-5 years 2,272 15,909
Hire purchase contracts 45,715 37,359
61,623 66,904

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
4 Ordinary £1 4 4

9. RELATED PARTY DISCLOSURES

The company had the following outstanding directors loans at the year end:
- M Harrison was owed £19,866 (2023 - £10,610)
- C Osborne was owed £6,023 (2023 - (£9,540)