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
Harrison Spence Limited
Statement of financial position
as at 30 September 2023
Tangible assets
4,548
5,875
Cash at bank and in hand
212,958
221,167
Creditors: amounts falling due within one year
(1,067)
(15,242)
Net current assets
250,921
250,766
Net assets
255,469
256,641
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
Harrison Spence Limited
Notes to the Accounts
for the year ended 30 September 2023
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.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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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
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
At 30 September 2023
4,453
95
4,548
At 30 September 2022
5,748
127
5,875
Harrison Spence Limited
Notes to the Accounts
for the year ended 30 September 2023
Amounts falling due within one year
Trade debtors
3,000
11,915
Other debtors
32,565
32,926
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
94
3,779
Loans from directors
-
7,514
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Funds advanced during the year
(3,757)
18,929
-
15,172
Funds advanced during the year
(3,757)
18,929
-
15,172
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.
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Average number of employees
During the year the average number of employees was 0 (2022: 0).