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Company Registration No. 12626083 (England and Wales)
Harbour Exchange Limited Unaudited accounts for the year ended 31 May 2024
Harbour Exchange Limited Unaudited accounts Contents
Page
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Harbour Exchange Limited Company Information for the year ended 31 May 2024
Director
Faizan Ishfaq
Company Number
12626083 (England and Wales)
Registered Office
57 Pepper Road Leeds West Yorkshire LS10 2RU England
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Harbour Exchange Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
12,300 
14,350 
Tangible assets
7,181 
9,873 
19,481 
24,223 
Current assets
Inventories
53,631 
66,372 
Debtors
24,826 
25,734 
Cash at bank and in hand
8,510 
9,430 
86,967 
101,536 
Creditors: amounts falling due within one year
(194,208)
(197,056)
Net current liabilities
(107,241)
(95,520)
Net liabilities
(87,760)
(71,297)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(87,761)
(71,298)
Shareholders' funds
(87,760)
(71,297)
For the year ending 31 May 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 1 June 2024 and were signed on its behalf by
Faizan Ishfaq Director Company Registration No. 12626083
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Harbour Exchange Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Harbour Exchange Limited is a private company, limited by shares, registered in England and Wales, registration number 12626083. The registered office is 57 Pepper Road, , Leeds, West Yorkshire, LS10 2RU, 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 as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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
10
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 June 2023
20,500 
At 31 May 2024
20,500 
Amortisation
At 1 June 2023
6,150 
Charge for the year
2,050 
At 31 May 2024
8,200 
Net book value
At 31 May 2024
12,300 
At 31 May 2023
14,350 
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Harbour Exchange Limited Notes to the Accounts for the year ended 31 May 2024
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 June 2023
17,949 
At 31 May 2024
17,949 
Depreciation
At 1 June 2023
8,076 
Charge for the year
2,692 
At 31 May 2024
10,768 
Net book value
At 31 May 2024
7,181 
At 31 May 2023
9,873 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
24,826 
25,734 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
16,480 
15,722 
Trade creditors
79,264 
64,281 
Taxes and social security
14,365 
18,374 
Other creditors
38,497 
47,321 
Loans from directors
18,620 
23,185 
Accruals
26,982 
28,173 
194,208 
197,056 
8
Average number of employees
During the year the average number of employees was 6 (2023: 6).
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