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Company Registration No. 09379618 (England and Wales)
Harry James Interiors Limited Unaudited accounts for the year ended 31 January 2025
Harry James Interiors Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Harry James Interiors Limited Company Information for the year ended 31 January 2025
Director
Harry James
Company Number
09379618 (England and Wales)
Registered Office
OLD SLADE LANE RICHINGS PARK IVER HEATH SL0 9DX ENGLAND
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Harry James Interiors Limited Statement of financial position as at 31 January 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
304,646
377,558
Current assets
Inventories
18,200
26,264
Debtors
5
352,931
288,907
Cash at bank and in hand
72
-
371,203
315,171
Creditors: amounts falling due within one year
6
(526,722)
(478,153)
Net current liabilities
(155,519)
(162,982)
Total assets less current liabilities
149,127
214,576
Creditors: amounts falling due after more than one year
7
(91,748)
(153,264)
Provisions for liabilities
Deferred tax
(53,437)
(52,289)
Net assets
3,942
9,023
Capital and reserves
Called up share capital
100
100
Profit and loss account
3,842
8,923
Shareholders' funds
3,942
9,023
For the year ending 31 January 2025 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 October 2025 and were signed on its behalf by
Harry James Director Company Registration No. 09379618
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Harry James Interiors Limited Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
Harry James Interiors Limited is a private company, limited by shares, registered in England and Wales, registration number 09379618. The registered office is OLD SLADE LANE, RICHINGS PARK, IVER HEATH, SL0 9DX, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention except that disclosed in the accounting policies certain items are shown at fair value.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Over 10 years
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Harry James Interiors Limited Notes to the Accounts for the year ended 31 January 2025
Stock
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 February 2024
29,055
340,779
124,446
494,280
At 31 January 2025
29,055
340,779
124,446
494,280
Depreciation
At 1 February 2024
3,054
75,455
38,213
116,722
Charge for the year
2,600
53,065
17,247
72,912
At 31 January 2025
5,654
128,520
55,460
189,634
Net book value
At 31 January 2025
23,401
212,259
68,986
304,646
At 31 January 2024
26,001
265,324
86,233
377,558
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
228,595
90,927
Accrued income and prepayments
36,450
69,090
Other debtors
87,886
128,890
352,931
288,907
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Harry James Interiors Limited Notes to the Accounts for the year ended 31 January 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
61,825
76,299
VAT
69,538
41,520
Obligations under finance leases and hire purchase contracts
32,167
65,155
Trade creditors
148,531
102,366
Taxes and social security
58,717
69,576
Other creditors
21,455
-
Accruals
2,845
2,425
Deferred income
131,644
120,812
526,722
478,153
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
51,054
80,402
Obligations under finance leases and hire purchase contracts
40,694
72,862
91,748
153,264
8
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Harry James
Advance/loan
80,572
52,344
60,000
72,916
80,572
52,344
60,000
72,916
Loan charged with interest at HMRC approved rate
9
Transactions with related parties
Harry James Kitchens Limited During the year the company provided services to this company totalling £36,450 (2024: £39,000). At the year end following the company was owed £21,269 (2024: £41,818) by this company.
10
Average number of employees
During the year the average number of employees was 2 (2024: 1).
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