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Registered number: 01303760
Harrington & Jessup Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Radford & Sergeant Limited
Building 3
Watchmoor Park
Camberley
Surrey
GU15 3YL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01303760
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 520,634 669,483
520,634 669,483
CURRENT ASSETS
Stocks 5 50,152 66,823
Debtors 6 371,808 363,738
Cash at bank and in hand 700,066 550,826
1,122,026 981,387
Creditors: Amounts Falling Due Within One Year 7 (367,219 ) (334,693 )
NET CURRENT ASSETS (LIABILITIES) 754,807 646,694
TOTAL ASSETS LESS CURRENT LIABILITIES 1,275,441 1,316,177
Creditors: Amounts Falling Due After More Than One Year 8 (69,955 ) (166,185 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (33,801 ) (20,458 )
NET ASSETS 1,171,685 1,129,534
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Profit and Loss Account 1,170,685 1,128,534
SHAREHOLDERS' FUNDS 1,171,685 1,129,534
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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
P E Harrington
Director
18 October 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Harrington & Jessup Limited Registered number 01303760 is a limited by shares company incorporated in England & Wales. The Registered Office is Priest Lane, West End, Woking, Surrey, GU24 9NA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Including 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. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Plant & Machinery 25% on reducing balance
Motor Vehicles 10% on reducing balance
Fixtures & Fittings 10% on reducing balance
Computer Equipment 33% on cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
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2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 3 4
Sales, marketing and distribution 3 3
Manufacturing 12 12
18 19
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 1,731,172 291,545 78,497 11,119 2,112,333
As at 31 March 2024 1,731,172 291,545 78,497 11,119 2,112,333
Depreciation
As at 1 April 2023 1,183,929 234,249 13,911 10,761 1,442,850
Provided during the period 136,815 11,460 218 356 148,849
As at 31 March 2024 1,320,744 245,709 14,129 11,117 1,591,699
Net Book Value
As at 31 March 2024 410,428 45,836 64,368 2 520,634
As at 1 April 2023 547,243 57,296 64,586 358 669,483
5. Stocks
2024 2023
£ £
Materials 50,152 66,823
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 352,809 346,624
Prepayments and accrued income 18,999 12,961
Other debtors - 4,153
371,808 363,738
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 96,230 151,234
Trade creditors 140,361 141,899
Other taxes and social security 25,312 18,025
VAT 87,747 10,304
Other creditors 4,298 59
Accruals and deferred income 9,119 9,020
Directors' loan accounts 4,152 4,152
367,219 334,693
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 69,955 166,185
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 96,230 151,234
Later than one year and not later than five years 69,955 166,185
166,185 317,419
166,185 317,419
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
11. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 15,000 9,000
The above dividends were all paid to the Directors of the company. 
12. Related Party Transactions
The company occupies premises owned by the directors of the company. The rent charged for the year was £nil (2023 £nil). There is no formal lease in existence.
13. Ultimate Controlling Party
The company has no ultimate controlling party.
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