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REGISTERED NUMBER: 03696446 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2025

FOR

HARRISON MOTORS LIMITED

HARRISON MOTORS LIMITED (REGISTERED NUMBER: 03696446)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HARRISON MOTORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2025







DIRECTOR: Mrs J E Harrison-Hamer





SECRETARY: Mrs J E Harrison-Hamer





REGISTERED OFFICE: 136 Stockport Road
Romiley
STOCKPORT
Cheshire
SK6 3AN





REGISTERED NUMBER: 03696446 (England and Wales)





ACCOUNTANTS: Chandley Robinson Limited
Chartered Accountants
8A Manor Close
Cheadle Hulme
CHEADLE
Cheshire
SK8 7DJ

HARRISON MOTORS LIMITED (REGISTERED NUMBER: 03696446)

BALANCE SHEET
31ST JANUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 9,053 10,654
9,054 10,655

CURRENT ASSETS
Stocks 11,732 15,805
Debtors 6 7,900 3,447
Cash at bank and in hand 133,425 126,507
153,057 145,759
CREDITORS
Amounts falling due within one year 7 41,195 35,507
NET CURRENT ASSETS 111,862 110,252
TOTAL ASSETS LESS CURRENT
LIABILITIES

120,916

120,907

PROVISIONS FOR LIABILITIES 1,720 1,891
NET ASSETS 119,196 119,016

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 119,194 119,014
SHAREHOLDERS' FUNDS 119,196 119,016

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

HARRISON MOTORS LIMITED (REGISTERED NUMBER: 03696446)

BALANCE SHEET - continued
31ST JANUARY 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10th March 2025 and were signed by:





Mrs J E Harrison-Hamer - Director


HARRISON MOTORS LIMITED (REGISTERED NUMBER: 03696446)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2025


1. STATUTORY INFORMATION

Harrison Motors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced work done and parts and MOT's recharged, net of value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised over its estimated useful life of twenty years. The directors have reviewed the current value of the Goodwill and are satisfied that the current rate of amortisation is correct.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 4% on cost
Tools and equipment - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


HARRISON MOTORS LIMITED (REGISTERED NUMBER: 03696446)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2025


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st February 2024
and 31st January 2025 100,000
AMORTISATION
At 1st February 2024
and 31st January 2025 99,999
NET BOOK VALUE
At 31st January 2025 1
At 31st January 2024 1

HARRISON MOTORS LIMITED (REGISTERED NUMBER: 03696446)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2025


5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Tools and and
property equipment fittings
£    £    £   
COST
At 1st February 2024 200,000 38,687 14,606
Disposals - - -
At 31st January 2025 200,000 38,687 14,606
DEPRECIATION
At 1st February 2024 199,999 29,966 12,679
Charge for year - 1,309 290
Eliminated on disposal - - -
At 31st January 2025 199,999 31,275 12,969
NET BOOK VALUE
At 31st January 2025 1 7,412 1,637
At 31st January 2024 1 8,721 1,927

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st February 2024 1,754 2,368 257,415
Disposals (800 ) - (800 )
At 31st January 2025 954 2,368 256,615
DEPRECIATION
At 1st February 2024 1,750 2,367 246,761
Charge for year - - 1,599
Eliminated on disposal (798 ) - (798 )
At 31st January 2025 952 2,367 247,562
NET BOOK VALUE
At 31st January 2025 2 1 9,053
At 31st January 2024 4 1 10,654

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 2,801 1,221
Other debtors 5,099 2,226
7,900 3,447

HARRISON MOTORS LIMITED (REGISTERED NUMBER: 03696446)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2025


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 14,110 14,691
Taxation and social security 21,315 15,001
Other creditors 5,770 5,815
41,195 35,507

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £33,733 (2024 - £33,667) were paid to the directors .

At the financial year end the loan account of the director - Mrs J E Harrison-Hamer - was £2,755 in credit. This loan is interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs J E Harrison-Hamer.