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Registered number: 11275503
Harrisons Of Hove Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
TaxAssist Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11275503
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 12,206 15,006
Tangible Assets 5 3,354 3,767
15,560 18,773
CURRENT ASSETS
Cash at bank and in hand 15,935 32,725
15,935 32,725
Creditors: Amounts Falling Due Within One Year 6 (89,911 ) (94,705 )
NET CURRENT ASSETS (LIABILITIES) (73,976 ) (61,980 )
TOTAL ASSETS LESS CURRENT LIABILITIES (58,416 ) (43,207 )
NET LIABILITIES (58,416 ) (43,207 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (58,516 ) (43,307 )
SHAREHOLDERS' FUNDS (58,416) (43,207)
Page 1
Page 2
For the year ending 31 March 2024 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 Profit and Loss Account.
On behalf of the board
Ms Karen Tamblyn
Director
03/07/2024
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
Harrisons Of Hove Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11275503 . The registered office is 11-13 Montefiore Road, Hove, BN3 1RD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Over lifetime of the lease
Leasehold Over lifetime of the lease
Plant & Machinery 25% Reducing balance
Fixtures & Fittings 15% Reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 7 8
7 8
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4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 28,000
As at 31 March 2024 28,000
Amortisation
As at 1 April 2023 12,994
Provided during the period 2,800
As at 31 March 2024 15,794
Net Book Value
As at 31 March 2024 12,206
As at 1 April 2023 15,006
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2023 10,698 5,053 4,686 20,437
Additions - 357 - 357
Disposals (10,698 ) - - (10,698 )
As at 31 March 2024 - 5,410 4,686 10,096
Depreciation
As at 1 April 2023 10,698 3,540 2,432 16,670
Provided during the period - 468 302 770
Disposals (10,698 ) - - (10,698 )
As at 31 March 2024 - 4,008 2,734 6,742
Net Book Value
As at 31 March 2024 - 1,402 1,952 3,354
As at 1 April 2023 - 1,513 2,254 3,767
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 553 2,228
Bank loans and overdrafts 36,155 42,443
Other taxes and social security 2,827 -
VAT 6,551 8,398
Accruals and deferred income - 540
Directors' loan accounts 43,825 41,096
89,911 94,705
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7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5