Harmonise Solutions Limited 12982528 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is IT Specialists Digita Accounts Production Advanced 6.30.9574.0 true 12982528 2023-11-01 2024-10-31 12982528 2024-10-31 12982528 core:RetainedEarningsAccumulatedLosses 2024-10-31 12982528 core:ShareCapital 2024-10-31 12982528 core:CurrentFinancialInstruments 2024-10-31 12982528 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 12982528 core:FurnitureFittingsToolsEquipment 2024-10-31 12982528 bus:SmallEntities 2023-11-01 2024-10-31 12982528 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 12982528 bus:FullAccounts 2023-11-01 2024-10-31 12982528 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 12982528 bus:RegisteredOffice 2023-11-01 2024-10-31 12982528 bus:Director1 2023-11-01 2024-10-31 12982528 bus:Director2 2023-11-01 2024-10-31 12982528 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12982528 bus:Agent1 2023-11-01 2024-10-31 12982528 core:RetainedEarningsAccumulatedLosses 2023-11-01 2024-10-31 12982528 core:ShareCapital 2023-11-01 2024-10-31 12982528 core:FurnitureFittingsToolsEquipment 2023-11-01 2024-10-31 12982528 countries:AllCountries 2023-11-01 2024-10-31 12982528 2023-10-31 12982528 core:RetainedEarningsAccumulatedLosses 2023-10-31 12982528 core:ShareCapital 2023-10-31 12982528 core:FurnitureFittingsToolsEquipment 2023-10-31 12982528 2022-11-01 2023-10-31 12982528 2023-10-31 12982528 core:CurrentFinancialInstruments 2023-10-31 12982528 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 12982528 core:FurnitureFittingsToolsEquipment 2023-10-31 12982528 core:RetainedEarningsAccumulatedLosses 2022-11-01 2023-10-31 12982528 core:ShareCapital 2022-11-01 2023-10-31 12982528 2022-10-31 12982528 core:RetainedEarningsAccumulatedLosses 2022-10-31 12982528 core:ShareCapital 2022-10-31 iso4217:GBP xbrli:pure

Registration number: 12982528

Harmonise Solutions Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2024

 

Harmonise Solutions Limited

Contents

Company Information

1

Balance Sheet

2

Statement of Changes in Equity

3

Notes to the Unaudited Financial Statements

4 to 7

 

Harmonise Solutions Limited

Company Information

Directors

Mr T Musaev

Mr H A R Abdalla

Registered office

Second Floor
Beacon House
15 Christchurch Road
Bournemouth
Dorset
BH1 3LB

Accountants

Elysium
Chartered AccountantsUnit A7 The Arena
9 Nimrod Way
Wimborne
Dorset
BH21 7UH

 

Harmonise Solutions Limited

(Registration number: 12982528)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

4,317

539

Current assets

 

Debtors

6

11,477

38,071

Cash at bank and in hand

 

26,068

10,401

 

37,545

48,472

Creditors: Amounts falling due within one year

7

(40,084)

(34,708)

Net current (liabilities)/assets

 

(2,539)

13,764

Net assets

 

1,778

14,303

Capital and reserves

 

Called up share capital

100

100

Retained earnings

1,678

14,203

Shareholders' funds

 

1,778

14,303

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 11 March 2025 and signed on its behalf by:
 

.........................................
Mr T Musaev
Director

 

Harmonise Solutions Limited

Statement of Changes in Equity for the Year Ended 31 October 2024

Share capital
£

Retained earnings
£

Total
£

At 1 November 2023

100

14,203

14,303

Profit for the year

-

47,475

47,475

Dividends

-

(60,000)

(60,000)

At 31 October 2024

100

1,678

1,778

Share capital
£

Retained earnings
£

Total
£

At 1 November 2022

100

30,186

30,286

Profit for the year

-

36,456

36,456

Dividends

-

(52,439)

(52,439)

At 31 October 2023

100

14,203

14,303

 

Harmonise Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Second Floor
Beacon House
15 Christchurch Road
Bournemouth
Dorset
BH1 3LB

These financial statements were authorised for issue by the Board on 11 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Harmonise Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Harmonise Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

247

95

 

Harmonise Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 November 2023

877

877

Additions

4,025

4,025

At 31 October 2024

4,902

4,902

Depreciation

At 1 November 2023

338

338

Charge for the year

247

247

At 31 October 2024

585

585

Carrying amount

At 31 October 2024

4,317

4,317

At 31 October 2023

539

539

6

Debtors

Current

2024
£

2023
£

Trade debtors

5,458

33,070

Prepayments

1,018

-

Other debtors

5,001

5,001

 

11,477

38,071

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

19,928

20,016

Accruals and deferred income

1,488

-

Other creditors

18,668

14,692

40,084

34,708