REGISTERED NUMBER: 06138458 (England and Wales)

HARRISON & OSBORNE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Harrison

C P Osborne

P M A Osborne

SECRETARY:

C P Osborne

REGISTERED OFFICE:

Pembroke House

Ty Coch Lane

Llantarnam Park Way

Cwmbran

Torfaen

NP44 3AU

REGISTERED NUMBER:

06138458 (England and Wales)

ACCOUNTANTS:

Green & Co

Chartered Certified Accountants

Pembroke House

Llantarnam Park Way

Cwmbran

Torfaen

NP44 3AU

FIXED ASSETS

Tangible assets

4

79,387

102,278

CURRENT ASSETS

Stocks

5,000

5,000

Debtors

5

106,784

137,052

Cash at bank

30,162

76,497

141,946

218,549

CREDITORS

Amounts falling due within one year

6

117,523

182,033

NET CURRENT ASSETS

24,423

36,516

TOTAL ASSETS LESS CURRENT LIABILITIES

103,810

138,794

CREDITORS

Amounts falling due after more than one year

7

(29,493

)

(61,623

)

PROVISIONS FOR LIABILITIES

(19,847

)

(25,570

)

NET ASSETS

54,470

51,601

CAPITAL AND RESERVES

Called up share capital

8

20

4

Retained earnings

54,450

51,597

SHAREHOLDERS' FUNDS

54,470

51,601

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2nd September 2025 and were signed on its behalf by:

C P Osborne - Director

1.	STATUTORY INFORMATION

Harrison & Osborne 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 31st March 2024

123,812

95,683

219,495

Additions

6,526

-

6,526

Disposals

(7,500

)

-

(7,500

)

At 30th March 2025

122,838

95,683

218,521

DEPRECIATION

At 31st March 2024

81,520

35,697

117,217

Charge for year

11,257

14,996

26,253

Eliminated on disposal

(4,336

)

-

(4,336

)

At 30th March 2025

88,441

50,693

139,134

NET BOOK VALUE

At 30th March 2025

34,397

44,990

79,387

At 30th March 2024

42,292

59,986

102,278

Included within fixed assets are assets held under hire purchase agreements which at the year end had a net book value of £39,039 (2024: £65,580) on which depreciation of £34,946 (2024: £47,395) had been charged.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

40,918

87,777

Other debtors

13,961

-

CIS debtor

51,905

49,275

106,784

137,052

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

13,636

13,636

Hire purchase contracts

17,769

24,332

Trade creditors

7,371

49,537

Credit card

3,872

2,175

Corporation Tax

25,762

41,099

VAT

3,911

9,900

Directors' current accounts

25,382

25,889

Accruals and deferred income

19,820

15,465

117,523

182,033

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

2,272

13,636

Bank loans - 2-5 years

-

2,272

Hire purchase contracts

27,221

45,715

29,493

61,623

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

NIL

Ordinary

£1

-

4

10

Ordinary A

£1

10

-

9

Ordinary B

£1

9

-

1

Ordinary C

£1

1

-

20

4