1 February 2023 false No description of principal activity Taxfiler 2024.5 09379618business:PrivateLimitedCompanyLtd2023-02-012024-01-31 093796182023-01-31 093796182023-02-012024-01-31 09379618business:AuditExempt-NoAccountantsReport2023-02-012024-01-31 09379618business:FilletedAccounts2023-02-012024-01-31 093796182024-01-31 09379618business:Director12023-02-012024-01-31 09379618business:RegisteredOffice2023-02-012024-01-31 093796182023-01-31 09379618core:WithinOneYear2024-01-31 09379618core:WithinOneYear2023-01-31 09379618core:AfterOneYear2024-01-31 09379618core:AfterOneYear2023-01-31 09379618core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 09379618core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 09379618core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 09379618core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 09379618core:PreviouslyStatedAmount2024-01-31 09379618core:PreviouslyStatedAmount2023-01-31 09379618business:SmallEntities2023-02-012024-01-31 09379618countries:EnglandWales2023-02-012024-01-31 09379618core:LandBuildings2023-02-012024-01-31 09379618core:PlantMachinery2023-02-012024-01-31 09379618core:MotorVehicles2023-02-012024-01-31 09379618core:LandBuildings2023-01-31 09379618core:PlantMachinery2023-01-31 09379618core:MotorVehicles2023-01-31 09379618core:LandBuildings2024-01-31 09379618core:PlantMachinery2024-01-31 09379618core:MotorVehicles2024-01-31 09379618business:Director112023-02-012024-01-31 09379618business:Director112023-01-31 09379618business:Director112024-01-31 093796182022-02-012023-01-31 iso4217:GBP xbrli:pure
Company Registration No. 09379618 (England and Wales)
Harry James Interiors Limited Unaudited accounts for the year ended 31 January 2024
Harry James Interiors Limited Unaudited accounts Contents
Page
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Harry James Interiors Limited Company Information for the year ended 31 January 2024
Director
Harry James
Company Number
09379618 (England and Wales)
Registered Office
OLD SLADE LANE RICHINGS PARK IVER HEATH SL0 9DX ENGLAND
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Harry James Interiors Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
377,558 
191,462 
Current assets
Inventories
26,264 
22,798 
Debtors
288,907 
184,150 
Cash at bank and in hand
- 
87,957 
315,171 
294,905 
Creditors: amounts falling due within one year
(478,153)
(401,052)
Net current liabilities
(162,982)
(106,147)
Total assets less current liabilities
214,576 
85,315 
Creditors: amounts falling due after more than one year
(153,264)
(39,260)
Provisions for liabilities
Deferred tax
(52,289)
(36,378)
Net assets
9,023 
9,677 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
8,923 
9,577 
Shareholders' funds
9,023 
9,677 
For the year ending 31 January 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 director acknowledges his 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 and authorised for issue on 17 October 2024 and were signed on its behalf by
Harry James Director Company Registration No. 09379618
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Harry James Interiors Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Harry James Interiors Limited is a private company, limited by shares, registered in England and Wales, registration number 09379618. The registered office is OLD SLADE LANE, RICHINGS PARK, IVER HEATH, SL0 9DX, 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 except that disclosed in the accounting policies certain items are shown at fair value.
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
Over 10 years
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
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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Harry James Interiors Limited Notes to the Accounts for the year ended 31 January 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Stock
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
1,980 
209,595 
58,957 
270,532 
Additions
27,075 
209,384 
65,489 
301,948 
Disposals
- 
(78,200)
- 
(78,200)
At 31 January 2024
29,055 
340,779 
124,446 
494,280 
Depreciation
At 1 February 2023
165 
56,283 
22,622 
79,070 
Charge for the year
2,889 
35,985 
15,591 
54,465 
On disposals
- 
(16,813)
- 
(16,813)
At 31 January 2024
3,054 
75,455 
38,213 
116,722 
Net book value
At 31 January 2024
26,001 
265,324 
86,233 
377,558 
At 31 January 2023
1,815 
153,312 
36,335 
191,462 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
90,927 
105,926 
Accrued income and prepayments
69,090 
22,627 
Other debtors
128,890 
55,597 
288,907 
184,150 
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Harry James Interiors Limited Notes to the Accounts for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
76,299 
10,000 
VAT
41,520 
58,946 
Obligations under finance leases and hire purchase contracts
65,155 
3,623 
Trade creditors
102,366 
41,304 
Taxes and social security
69,576 
50,207 
Accruals
2,425 
1,796 
Deferred income
120,812 
235,176 
478,153 
401,052 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
80,402 
24,167 
Obligations under finance leases and hire purchase contracts
72,862 
15,093 
153,264 
39,260 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Harry James
Advance/loan
34,085 
81,487 
35,000 
80,572 
34,085 
81,487 
35,000 
80,572 
Loan charged with interest at HMRC approved rate
9
Transactions with related parties
Harry James Kitchens Limited During the year the company provided services to this company totalling £39,000. At the year end following the company was owed £41,818 (2023: £nil) by this company.
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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