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Registered number: 07217781
Harrison Electrical Contractors Ltd
Financial Statements
For The Year Ended 30 April 2025
PKW LLP Chartered Accountants
Cloth Hall
150 Drake Street
Rochdale
OL16 1PX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07217781
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 20,479 27,445
20,479 27,445
CURRENT ASSETS
Stocks 5 18,000 17,000
Debtors 6 207,692 152,972
Cash at bank and in hand 5,339 6,906
231,031 176,878
Creditors: Amounts Falling Due Within One Year 7 (81,413 ) (73,232 )
NET CURRENT ASSETS (LIABILITIES) 149,618 103,646
TOTAL ASSETS LESS CURRENT LIABILITIES 170,097 131,091
Creditors: Amounts Falling Due After More Than One Year 8 (50,627 ) (45,913 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,163 ) (6,861 )
NET ASSETS 114,307 78,317
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 114,306 78,316
SHAREHOLDERS' FUNDS 114,307 78,317
Page 1
Page 2
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
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
Mr A M Harrison
Director
21st April 2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Harrison Electrical Contractors Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07217781 . The registered office is 4 Lowerfold Crescent, Rochdale, Lancashire, OL12 7HZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 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 measured at cost less accumulated depreciation and any accumulated impairment losses. 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% Reducing balance
Motor Vehicles 25% Reducing balance
Computer Equipment 33.3% Straight line
2.4. 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.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
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2.6. Taxation - continued
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: )
3 -
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2024 7,113 42,057 574 49,744
As at 30 April 2025 7,113 42,057 574 49,744
Depreciation
As at 1 May 2024 6,962 15,114 223 22,299
Provided during the period 38 6,736 192 6,966
As at 30 April 2025 7,000 21,850 415 29,265
Net Book Value
As at 30 April 2025 113 20,207 159 20,479
As at 1 May 2024 151 26,943 351 27,445
5. Stocks
2025 2024
£ £
Stock 18,000 17,000
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 24,213 8,912
Other debtors 183,479 144,060
207,692 152,972
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 18,762 41,294
Bank loans and overdrafts - 4,714
Other creditors 16,878 4,496
Taxation and social security 45,773 22,728
81,413 73,232
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8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 50,627 45,913
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 May 2024 Amounts advanced Amounts repaid Amounts written off As at 30 April 2025
£ £ £ £ £
Mr Andrew Harrison 33,131 65,471 33,250 - 65,352
The above loan is unsecured, interest free and repayable on demand.
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