Registered number
04531447
F Harrison & Son Limited
Filleted Accounts
30 September 2024
F Harrison & Son Limited
Registered number: 04531447
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 183,480 237,243
Current assets
Stocks 3,038 1,228
Debtors 5 242,931 181,608
Cash at bank and in hand 494,627 524,609
740,596 707,445
Creditors: amounts falling due within one year 6 (224,521) (229,344)
Net current assets 516,075 478,101
Total assets less current liabilities 699,555 715,344
Provisions for liabilities (34,861) (45,076)
Net assets 664,694 670,268
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 663,694 669,268
Shareholders' funds 664,694 670,268
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A P Harrison
Director
Approved by the board on 11 September 2025
F Harrison & Son Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 8 8
3 Intangible fixed assets £
Goodwill:
Cost
At 1 October 2023 26,378
At 30 September 2024 26,378
Amortisation
At 1 October 2023 26,378
At 30 September 2024 26,378
Net book value
At 30 September 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 October 2023 9,820 725,800 735,620
Additions 5,035 2,356 7,391
At 30 September 2024 14,855 728,156 743,011
Depreciation
At 1 October 2023 5,145 493,232 498,377
Charge for the year 3,013 58,141 61,154
At 30 September 2024 8,158 551,373 559,531
Net book value
At 30 September 2024 6,697 176,783 183,480
At 30 September 2023 4,675 232,568 237,243
5 Debtors 2024 2023
£ £
Trade debtors 235,048 174,842
Other debtors 7,883 6,766
242,931 181,608
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 22,426 23,818
Taxation and social security costs 54,578 39,327
Other creditors 147,517 166,199
224,521 229,344
7 Other information
F Harrison & Son Limited is a private company limited by shares and incorporated in England. Its registered office is:
Jessop House
6 Outrams Wharf
Little Eaton
Derbyshire
DE21 5EL
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