HARMONIC GROUP LTD


Director	Charlie Walker


Registered Address	24-27 Charlotte Road
	London
	EC2A 3PB


Registered Number	10408262 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		233,088		280,999
Investments			733		733
			233,821		281,732
Current assets
Debtors	4	538,902		673,599
Cash at bank and on hand		273,510		175,251
		812,412		848,850
Creditors amounts falling due within one year	5	(611,635)		(494,744)
Net current assets (liabilities)			200,777		354,106
Total assets less current liabilities			434,598		635,838
Net assets			434,598		635,838
Capital and reserves
Called up share capital			20		20
Share premium			6,699		6,699
Profit and loss account			427,879		629,119
Shareholders' funds			434,598		635,838

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 22 September 2025, and are signed on its behalf by:

Charlie Walker
Director
Registered Company No. 10408262

HARMONIC GROUP LTD

Notes to the Financial Statements
for the year ended 31 December 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 policy
	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 rendering of services. 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.

Turnover policy

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 rendering of services. 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.

	Defined contribution pension plan
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	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.


		Straight line (years)
	Plant and machinery	5

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	34		36

3.	Tangible fixed assets

	Plant & machinery	Total
	£	£
Cost or valuation
At 01 January 24	336,932	336,932
Additions	31,392	31,392
At 31 December 24	368,324	368,324
Depreciation and impairment
At 01 January 24	55,933	55,933
Charge for year	79,303	79,303
At 31 December 24	135,236	135,236
Net book value
At 31 December 24	233,088	233,088
At 31 December 23	280,999	280,999

4.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	250,327	307,596
Amounts owed by group undertakings	131,476	221,492
Other debtors	45,967	48,966
Prepayments and accrued income	111,132	95,545
Total	538,902	673,599

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	149,645	89,990
Bank borrowings and overdrafts	-	90
Taxation and social security	262,269	124,272
Other creditors	199,721	280,392
Total	611,635	494,744