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Company Registration No. 08380720 (England and Wales)
Harbourne Associates Limited Unaudited accounts for the year ended 31 December 2023
Harbourne Associates Limited Unaudited accounts Contents
Page
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Harbourne Associates Limited Company Information for the year ended 31 December 2023
Directors
Christopher Michael Duncombe Stephens Michael John Duncombe Stephens
Company Number
08380720 (England and Wales)
Registered Office
The Old Bank 1 Station Road Borough Green Sevenoaks Kent TN15 8ER England
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Harbourne Associates Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
41,151 
51,048 
Investments
1 
1 
41,152 
51,049 
Current assets
Debtors
59,830 
59,769 
Cash at bank and in hand
58,279 
23,657 
118,109 
83,426 
Creditors: amounts falling due within one year
(74,942)
(71,377)
Net current assets
43,167 
12,049 
Total assets less current liabilities
84,319 
63,098 
Creditors: amounts falling due after more than one year
(40,416)
(35,652)
Provisions for liabilities
Deferred tax
(10,548)
(10,548)
Net assets
33,355 
16,898 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
33,255 
16,798 
Shareholders' funds
33,355 
16,898 
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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 August 2024 and were signed on its behalf by
Christopher Michael Duncombe Stephens Director Company Registration No. 08380720
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Harbourne Associates Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Harbourne Associates Limited is a private company, limited by shares, registered in England and Wales, registration number 08380720. The registered office is The Old Bank, 1 Station Road Borough Green, Sevenoaks, Kent, TN15 8ER, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% straight line
Plant & machinery
33% straight line
Fixtures & fittings
20% straight line
Computer equipment
33% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Harbourne Associates Limited Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
66,325 
36,781 
103,106 
At 31 December 2023
66,325 
36,781 
103,106 
Depreciation
At 1 January 2023
22,110 
29,948 
52,058 
Charge for the year
6,633 
3,264 
9,897 
At 31 December 2023
28,743 
33,212 
61,955 
Net book value
At 31 December 2023
37,582 
3,569 
41,151 
At 31 December 2022
44,215 
6,833 
51,048 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2023
1 
Valuation at 31 December 2023
1 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
31,939 
37,900 
Amounts due from group undertakings etc.
4,884 
4,884 
Other debtors
23,007 
16,985 
59,830 
59,769 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
(3,994)
5,552 
VAT
34,497 
24,505 
Trade creditors
8,956 
9,315 
Taxes and social security
24,070 
31,005 
Other creditors
11,413 
1,000 
74,942 
71,377 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
40,416 
35,652 
9
Average number of employees
During the year the average number of employees was 7 (2022: 7).
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