Harrington & Jessup Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 01303760

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		440,613		520,634

			440,613		520,634
CURRENT ASSETS
Stocks	5	93,128		50,152
Debtors	6	410,104		371,808
Cash at bank and in hand		844,943		700,066

		1,348,175		1,122,026
Creditors: Amounts Falling Due Within One Year	7	(441,343 )		(367,219 )

NET CURRENT ASSETS (LIABILITIES)			906,832		754,807

TOTAL ASSETS LESS CURRENT LIABILITIES			1,347,445		1,275,441

Creditors: Amounts Falling Due After More Than One Year	8		-		(69,955 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(53,664 )		(33,801 )

NET ASSETS			1,293,781		1,171,685

CAPITAL AND RESERVES
Called up share capital	10		1,000		1,000
Profit and Loss Account			1,292,781		1,170,685

SHAREHOLDERS' FUNDS			1,293,781		1,171,685

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Harrington & Jessup Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 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 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

P E Harrington

Director

31 July 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Harrington & Jessup Limited Registered number 01303760 is a limited by shares company incorporated in England & Wales. The Registered Office is Priest Lane, West End, Woking, Surrey, GU24 9NA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Including Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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 is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% on reducing balance
Motor Vehicles	10% on reducing balance
Fixtures & Fittings	10% on reducing balance
Computer Equipment	33% on cost

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

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Harrington & Jessup Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.7. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Office and administration	2	3
Sales, marketing and distribution	3	3
Manufacturing	12	12

	17	18

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2024	1,731,172	291,545	78,497	11,119	2,112,333
Additions	-	39,940	-	-	39,940

As at 31 March 2025	1,731,172	331,485	78,497	11,119	2,152,273

Depreciation
As at 1 April 2024	1,320,744	245,709	14,129	11,117	1,591,699
Provided during the period	102,610	17,156	195	-	119,961

As at 31 March 2025	1,423,354	262,865	14,324	11,117	1,711,660

Net Book Value
As at 31 March 2025	307,818	68,620	64,173	2	440,613

As at 1 April 2024	410,428	45,836	64,368	2	520,634

5. Stocks

	2025	2024
	£	£
Materials	93,128	50,152

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	375,717	352,809
Prepayments and accrued income	34,387	18,999

	410,104	371,808

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Harrington & Jessup Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	69,955	96,230
Trade creditors	186,201	140,361
Corporation tax	41,218	-
Other taxes and social security	24,809	25,312
VAT	104,240	87,747
Other creditors	1,649	4,298
Accruals and deferred income	9,119	9,119
Directors' loan accounts	4,152	4,152

	441,343	367,219

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	69,955

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	69,955	96,230
Later than one year and not later than five years	-	69,955

	69,955	166,185

	69,955	166,185

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,000	1,000

11. Dividends

	2025	2024
	£	£
On equity shares:
Interim dividend paid	23,000	15,000

The above dividends were all paid to the Directors of the company.

12. Related Party Transactions

The company occupies premises owned by the directors of the company. The rent charged for the year was £nil (2024 £nil). There is no formal lease in existence.

13. Ultimate Controlling Party

The company has no ultimate controlling party.

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