IRIS Accounts Production v24.2.0.383 01854671 Board of Directors 1.12.22 30.11.23 30.11.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh018546712022-11-30018546712023-11-30018546712022-12-012023-11-30018546712021-11-30018546712021-12-012022-11-30018546712022-11-3001854671ns15:EnglandWales2022-12-012023-11-3001854671ns14:PoundSterling2022-12-012023-11-3001854671ns10:Director12022-12-012023-11-3001854671ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3001854671ns10:SmallEntities2022-12-012023-11-3001854671ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3001854671ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3001854671ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3001854671ns10:FullAccounts2022-12-012023-11-3001854671ns10:Director22022-12-012023-11-3001854671ns10:RegisteredOffice2022-12-012023-11-3001854671ns5:CurrentFinancialInstruments2023-11-3001854671ns5:CurrentFinancialInstruments2022-11-3001854671ns5:Non-currentFinancialInstruments2023-11-3001854671ns5:Non-currentFinancialInstruments2022-11-3001854671ns5:ShareCapital2023-11-3001854671ns5:ShareCapital2022-11-3001854671ns5:SharePremium2023-11-3001854671ns5:SharePremium2022-11-3001854671ns5:RetainedEarningsAccumulatedLosses2023-11-3001854671ns5:RetainedEarningsAccumulatedLosses2022-11-3001854671ns5:PlantMachinery2022-12-012023-11-3001854671ns5:LandBuildings2022-11-3001854671ns5:PlantMachinery2022-11-3001854671ns5:LandBuildings2022-12-012023-11-3001854671ns5:LandBuildings2023-11-3001854671ns5:PlantMachinery2023-11-3001854671ns5:LandBuildings2022-11-3001854671ns5:PlantMachinery2022-11-3001854671ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3001854671ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-30
REGISTERED NUMBER: 01854671 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Harrison Industrial Limited

Harrison Industrial Limited (Registered number: 01854671)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Harrison Industrial Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: N B M Harrison
R Bailey





REGISTERED OFFICE: Rodney Road
Fratton Industrial Estate
Portsmouth
Hampshire
PO4 8SY





REGISTERED NUMBER: 01854671 (England and Wales)





ACCOUNTANTS: Hughes Spencer
12 Acorn Business Park
Northarbour Road
Portsmouth
Hampshire
PO6 3TH

Harrison Industrial Limited (Registered number: 01854671)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 123,888 105,736

CURRENT ASSETS
Stocks 129,028 106,004
Debtors 5 539,775 460,168
Cash at bank and in hand 458,912 379,712
1,127,715 945,884
CREDITORS
Amounts falling due within one year 6 772,538 622,901
NET CURRENT ASSETS 355,177 322,983
TOTAL ASSETS LESS CURRENT
LIABILITIES

479,065

428,719

CREDITORS
Amounts falling due after more than one
year

7

(100,000

)

(154,250

)

PROVISIONS FOR LIABILITIES (27,055 ) (15,965 )
NET ASSETS 352,010 258,504

CAPITAL AND RESERVES
Called up share capital 53,233 53,233
Share premium 20,694 20,694
Retained earnings 278,083 184,577
SHAREHOLDERS' FUNDS 352,010 258,504

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Harrison Industrial Limited (Registered number: 01854671)

Balance Sheet - continued
30 November 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 19 August 2024 and were signed on its behalf by:





N B M Harrison - Director


Harrison Industrial Limited (Registered number: 01854671)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Harrison Industrial 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.
Plant and machinery etc - 25% on reducing balance, 25% on cost, 20% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 year was 31 (2022 - 29 ) .

Harrison Industrial Limited (Registered number: 01854671)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2022 13,682 425,265 438,947
Additions - 41,810 41,810
Disposals - (8,350 ) (8,350 )
At 30 November 2023 13,682 458,725 472,407
DEPRECIATION
At 1 December 2022 - 333,211 333,211
Charge for year - 22,729 22,729
Eliminated on disposal - (7,421 ) (7,421 )
At 30 November 2023 - 348,519 348,519
NET BOOK VALUE
At 30 November 2023 13,682 110,206 123,888
At 30 November 2022 13,682 92,054 105,736

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 470,424 423,562
Other debtors 69,351 36,606
539,775 460,168

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,250 21,000
Trade creditors 305,507 211,624
Taxation and social security 53,185 33,132
Other creditors 404,596 357,145
772,538 622,901

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 54,250
Other creditors 100,000 100,000
100,000 154,250

Harrison Industrial Limited (Registered number: 01854671)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Amount due to parent company 344,026 327,644

The amount due to parent company is secured by a debenture created 17th September 2004, by way of a fixed and floating charge over the assets of the company.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N B M Harrison.