1 October 2022 false No description of principal activity Taxfiler 2024.5 09010079business:PrivateLimitedCompanyLtd2022-10-012023-09-30 090100792022-09-30 090100792022-10-012023-09-30 09010079business:AuditExemptWithAccountantsReport2022-10-012023-09-30 09010079business:FilletedAccounts2022-10-012023-09-30 090100792023-09-30 090100792022-09-30 09010079core:WithinOneYear2023-09-30 09010079core:WithinOneYear2022-09-30 09010079core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 09010079core:ShareCapitalcore:PreviouslyStatedAmount2022-09-30 09010079core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 09010079core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-09-30 09010079core:PreviouslyStatedAmount2023-09-30 09010079core:PreviouslyStatedAmount2022-09-30 09010079business:SmallEntities2022-10-012023-09-30 09010079business:Director12022-10-012023-09-30 09010079countries:EnglandWales2022-10-012023-09-30 09010079business:RegisteredOffice2022-10-012023-09-30 09010079core:PlantMachinery2022-10-012023-09-30 09010079core:ComputerEquipment2022-10-012023-09-30 09010079core:PlantMachinery2022-09-30 09010079core:ComputerEquipment2022-09-30 09010079core:PlantMachinery2023-09-30 09010079core:ComputerEquipment2023-09-30 09010079business:OrdinaryShareClass12022-10-012023-09-30 09010079business:OrdinaryShareClass12021-10-012022-09-30 09010079business:Director112022-10-012023-09-30 09010079business:Director112022-09-30 09010079business:Director112023-09-30 09010079business:Director22022-10-012023-09-30 09010079business:Director222022-10-012023-09-30 09010079business:Director222022-09-30 09010079business:Director222023-09-30 090100792021-10-012022-09-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 09010079 (England and Wales)
Harrison Spence Limited Unaudited Financial Statements for the year ended 30 September 2023
Harrison Spence Limited Unaudited Financial Statements Contents
Page
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Harrison Spence Limited Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,548 
5,875 
Current assets
Debtors
39,030 
44,841 
Cash at bank and in hand
212,958 
221,167 
251,988 
266,008 
Creditors: amounts falling due within one year
(1,067)
(15,242)
Net current assets
250,921 
250,766 
Net assets
255,469 
256,641 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
255,459 
256,631 
Shareholders' funds
255,469 
256,641 
For the year ending 30 September 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 16 October 2024 and were signed on its behalf by
Alan Charles Marks Director Company Registration No. 09010079
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Harrison Spence Limited Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
Harrison Spence Limited is a private company, limited by shares, registered in England and Wales, registration number 09010079. The registered office is Lincombe Keep, Lincombe Drive, Torquay, Devon, TQ1 2HQ, United Kingdom.
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:
Plant & machinery
25% Reducing Balance Basis
Computer equipment
25% Reducing Balance Basis
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2022
15,703 
500 
16,203 
At 30 September 2023
15,703 
500 
16,203 
Depreciation
At 1 October 2022
9,955 
373 
10,328 
Charge for the year
1,295 
32 
1,327 
At 30 September 2023
11,250 
405 
11,655 
Net book value
At 30 September 2023
4,453 
95 
4,548 
At 30 September 2022
5,748 
127 
5,875 
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Harrison Spence Limited Notes to the Accounts for the year ended 30 September 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
3,465 
- 
Trade debtors
3,000 
11,915 
Other debtors
32,565 
32,926 
39,030 
44,841 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
2,982 
Trade creditors
260 
474 
Taxes and social security
94 
3,779 
Other creditors
220 
- 
Loans from directors
- 
7,514 
Accruals
493 
493 
1,067 
15,242 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
10 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Alan Charles Marks
Funds advanced during the year
(3,757)
18,929 
- 
15,172 
Pauline Anne Marks
Funds advanced during the year
(3,757)
18,929 
- 
15,172 
(7,514)
37,858 
- 
30,344 
At the Balance Sheet date the directors owed the company £30,344 in respect of loan advances. There are no terms of repayment and interest has been charged at the rate of 2% & 2.25% during the period.
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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