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
Harry James Interiors Limited
Company Information
for the year ended 31 January 2024
Company Number
09379618 (England and Wales)
Registered Office
OLD SLADE LANE
RICHINGS PARK
IVER HEATH
SL0 9DX
ENGLAND
Harry James Interiors Limited
Statement of financial position
as at 31 January 2024
Tangible assets
377,558
191,462
Cash at bank and in hand
-
87,957
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)
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
Harry James Interiors Limited
Notes to the Accounts
for the year ended 31 January 2024
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.
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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 except that disclosed in the accounting policies certain items are shown at fair value.
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:
Land & buildings
Over 10 years
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
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 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.
Harry James Interiors Limited
Notes to the Accounts
for the year ended 31 January 2024
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.
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell.
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.
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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
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
At 31 January 2024
26,001
265,324
86,233
377,558
At 31 January 2023
1,815
153,312
36,335
191,462
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
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
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
Deferred income
120,812
235,176
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Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
72,862
15,093
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
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.
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Average number of employees
During the year the average number of employees was 1 (2023: 1).