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Registered number: 04423860
Fisher Hargreaves Proctor Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 04423860
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,530,000 1,740,000
Tangible Assets 5 216,610 199,617
1,746,610 1,939,617
CURRENT ASSETS
Debtors 6 1,629,059 1,180,424
Cash at bank and in hand 1,669,797 1,314,358
3,298,856 2,494,782
Creditors: Amounts Falling Due Within One Year 7 (2,349,018 ) (1,154,226 )
NET CURRENT ASSETS (LIABILITIES) 949,838 1,340,556
TOTAL ASSETS LESS CURRENT LIABILITIES 2,696,448 3,280,173
PROVISIONS FOR LIABILITIES
Deferred Taxation (40,677 ) (24,461 )
NET ASSETS 2,655,771 3,255,712
CAPITAL AND RESERVES
Called up share capital 8 100 100
Income Statement 2,655,671 3,255,612
SHAREHOLDERS' FUNDS 2,655,771 3,255,712
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Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr J Proctor
Director
31/03/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Fisher Hargreaves Proctor Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04423860 . The registered office is 10 Oxford Street, Nottingham, Nottinghamshire, NG1 5BG.
2. Accounting Policies
2.1. Basis of Preparation of 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The functional currency of Fisher Hargreaves Proctor Limited is considered to be pounds sterling.

2.2. Turnover
Turnover represents the amounts receivable from the supply of services which fall within the ordinary activities of the company, net of VAT.

Revenue is generally recognised as activity progresses so that for incomplete service contracts it reflects the partial performance of contractual obligations. For such contracts the amount of revenue reflects the right to consideration by reference to the value of work performed. Where work is substantially complete it has been valued at net realisable value including an estimate of attributable profit. Revenue not invoiced to clients is included within debtors.

2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty years.
2.4. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold 20% on RB / 20% on SL / 10% on SL
Motor Vehicles 20% on reducing balance
Fixtures & Fittings 20% on RB / 20% on SL
Computer Equipment 20% on RB / 33% on SL / 25% on SL / 20% on SL
2.5. Stocks and Work in Progress
The directors are responsible for determining the stage of completion of each contract ongoing at the balance sheet date. The analysis includes factors such as; contract terms, costs incurred to date and estimated costs likely to be incurred to conclude the contract.

Costs include employees' remuneration, other direct expenses and a proportion of overheads.

2.6. Taxation
Taxation

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

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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2023 2022
Surveying Staff 34 33
Administrative Staff 29 27
63 60
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 4,330,000
As at 31 December 2023 4,330,000
Amortisation
As at 1 January 2023 2,590,000
Provided during the period 210,000
As at 31 December 2023 2,800,000
Net Book Value
As at 31 December 2023 1,530,000
As at 1 January 2023 1,740,000
5. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2023 193,879 45,350 68,811 299,189 607,229
Additions - - 1,242 61,561 62,803
Disposals - (7,500 ) (908 ) (139,031 ) (147,439 )
As at 31 December 2023 193,879 37,850 69,145 221,719 522,593
Depreciation
As at 1 January 2023 93,846 5,758 56,679 251,329 407,612
Provided during the period 12,569 6,622 2,060 19,319 40,570
Disposals - (2,917 ) (908 ) (138,374 ) (142,199 )
As at 31 December 2023 106,415 9,463 57,831 132,274 305,983
Net Book Value
As at 31 December 2023 87,464 28,387 11,314 89,445 216,610
As at 1 January 2023 100,033 39,592 12,132 47,860 199,617
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6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 1,491,211 1,030,950
Prepayments and accrued income 125,262 134,831
Other debtors 12,586 14,643
1,629,059 1,180,424
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 158,498 137,850
Corporation tax 295,509 (23,296 )
Other taxes and social security 525,637 328,766
Accruals and deferred income 120,028 154,177
Directors' loan accounts 1,249,346 556,729
2,349,018 1,154,226
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
£ £
Not later than one year 27,500 -
Later than one year and not later than five years 30,939 135,052
58,439 135,052
Page 5