Harborne Computers Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07154040 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Harborne Computers Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M J Taylor

REGISTERED OFFICE:

Venture House

11 Smiths Way

Saxon Business Park, Stoke Prior

Bromsgrove

Worcestershire

B60 4AD

REGISTERED NUMBER:

07154040 (England and Wales)

ACCOUNTANTS:

James, Stanley & Co. Limited

1,733 Coventry Road

South Yardley

Birmingham

West Midlands

B26 1DT

FIXED ASSETS

Intangible assets

5

-

Property, plant and equipment

6

11,150

19,662

11,150

19,662

CURRENT ASSETS

Inventories

7

36,322

17,656

Debtors

8

50,272

44,109

Cash at bank and in hand

21,945

38,447

108,539

100,212

CREDITORS

Amounts falling due within one year

9

92,953

91,107

NET CURRENT ASSETS

15,586

9,105

TOTAL ASSETS LESS CURRENT
LIABILITIES

26,736

28,767

PROVISIONS FOR LIABILITIES

1,788

2,124

NET ASSETS

24,948

26,643

CAPITAL AND RESERVES

Called up share capital

11

100

Retained earnings

24,848

26,543

SHAREHOLDERS' FUNDS

24,948

26,643

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 December 2025 and were signed by:

M J Taylor - Director

1.	STATUTORY INFORMATION

Harborne Computers 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods and services provided, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business, was amortised evenly over its deemed useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

over the term of the lease

Office equipment

-

20% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% on cost

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Operating leases

Rentals paid under operating leases are charged to the profit and loss account as incurred.

Loans from directors

As a small entity the company measures a basic financial liability that are loans from directors at transaction price.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

20,000

AMORTISATION

At 1 April 2024

and 31 March 2025

20,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

6.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Fixtures

to

Office

and

Computer

property

equipment

fittings

equipment

Totals

£

COST

At 1 April 2024

22,430

13,687

13,122

5,243

54,482

Additions

-

469

1,060

1,529

Disposals

-

(674

)

(674

)

At 31 March 2025

22,430

13,687

13,591

5,629

55,337

DEPRECIATION

At 1 April 2024

13,944

9,586

8,265

3,025

34,820

Charge for year

4,486

2,186

2,577

733

9,982

Eliminated on disposal

-

(615

)

(615

)

At 31 March 2025

18,430

11,772

10,842

3,143

44,187

NET BOOK VALUE

At 31 March 2025

4,000

1,915

2,749

2,486

11,150

At 31 March 2024

8,486

4,101

4,857

2,218

19,662

7.	INVENTORIES

31.3.25

31.3.24

£

Stocks

36,322

17,656

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

25,648

19,357

Other debtors

6,000

Prepayments and accrued income

18,624

18,752

50,272

44,109

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

22,852

25,873

Tax

10,215

6,746

Social security and other taxes

20,826

22,362

Other creditors

3,806

1,986

Directors' current accounts

4,072

2,339

Accruals and deferred income

31,182

31,801

92,953

91,107

10.	LEASING AGREEMENTS

Total future minimum lease payments under non-cancellable operating leases are £17,722 (2024 - £39,722).

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

100

Ordinary Shares

£1

100

12.	CAPITAL COMMITMENTS

31.3.25

31.3.24

£

Contracted but not provided for in the

financial statements

-

13.	RELATED PARTY DISCLOSURES

Loans from key management are unsecured and are interest free with no specific repayment terms.