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Company Registration No. 08298754 (England and Wales)
Harry Specters Limited Unaudited accounts for the year ended 30 November 2025
Harry Specters Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Harry Specters Limited Company Information for the year ended 30 November 2025
Directors
Monaser Shahzad Syed Shahzad Shah Leon Ronald Howard-Spink Sarah Louise Reakes Zarmina Shahzad Thomas Edward Stevens
Company Number
08298754 (England and Wales)
Registered Office
Unit 8, St Thomas Place Cambridgeshire Business Park Ely Cambridgeshire CB7 4EX England
Accountants
Kore Consulting 167 169 Great Portland Street 5th Floor London W1W 5PF
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Harry Specters Limited Statement of financial position as at 30 November 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
53,499
11,619
Current assets
Inventories
5
20,000
20,000
Debtors
6
59,923
39,904
Cash at bank and in hand
46,496
45,110
126,419
105,014
Creditors: amounts falling due within one year
7
(74,390)
(69,789)
Net current assets
52,029
35,225
Total assets less current liabilities
105,528
46,844
Creditors: amounts falling due after more than one year
8
(273,626)
(264,484)
Net liabilities
(168,098)
(217,640)
Capital and reserves
Called up share capital
307,069
307,069
Fair value reserve
18,000
-
Profit and loss account
(493,167)
(524,709)
Shareholders' funds
(168,098)
(217,640)
For the year ending 30 November 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 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 of Directors and authorised for issue on 21 July 2026 and were signed on its behalf by
Monaser Shahzad Director Company Registration No. 08298754
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Harry Specters Limited Notes to the Accounts for the year ended 30 November 2025
1
Statutory information
Harry Specters Limited is a private company, limited by shares, registered in England and Wales, registration number 08298754. The registered office is Unit 8, St Thomas Place, Cambridgeshire Business Park, Ely, Cambridgeshire, CB7 4EX, England.
2
Compliance with accounting standards
The financial statements have been prepared in compliance with Section 1A of Financial Reporting Standard 102, "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain tangible fixed assets. The financial statements are presented in sterling (£), which is the functional currency of the company. These are the first financial statements prepared under FRS 102 Section 1A; in the prior period the company qualified as, and prepared its accounts under, the micro-entities regime (FRS 105). The change reflects the directors' decision that Section 1A better meets the reporting needs of the company's stakeholders. There is no change in the recognition or measurement of assets and liabilities on transition other than the adoption of the revaluation model for certain tangible fixed assets as described below; comparative figures have not otherwise been restated.
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 as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible fixed assets are initially recognised at cost. Cost includes the original purchase price and costs directly attributable to bringing the asset to its working condition for its intended use. Subsequent to initial recognition, plant and machinery is stated at fair value, with any revaluation gains recognised in other comprehensive income and accumulated in a fair value reserve, except to the extent that a revaluation gain reverses a previous impairment loss or revaluation decrease recognised in profit or loss, in which case the gain is recognised in profit or loss. Revaluations are performed with sufficient regularity to ensure the carrying amount does not differ materially from fair value at the reporting date. All other classes of tangible fixed assets are stated at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is charged so as to write off the cost or valuation of assets, less their residual value, over their estimated useful lives, using the straight-line method, as per the approved rates. The assets' residual values and useful lives are reviewed, and adjusted if appropriate, at the end of each reporting period. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss, except that any related balance held in the fair value reserve is transferred directly to retained earnings.
Impairment of fixed assets
At each reporting date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication of impairment. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of any impairment loss.
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Harry Specters Limited Notes to the Accounts for the year ended 30 November 2025
Government grants
Grants relating to revenue are recognised in other operating income in full in the year it is received. During the year the company recognised a capital grant of £20,000 from East Cambridgeshire District Council towards the cost of a new flow-wrap machine, which was brought into use during the year; the grant is released to income in line with the policy. The company also recognised a revenue grant of £12,500 towards retail consultancy costs incurred in developing a new product range, which has been recognised in full in the period to which the related expenditure relates.
Shopify Pending Balances adjustment
During the year, it was identified that sales had been duplicated between the company's Xero accounting records and the Shopify/A2X sales integration, resulting in balances recognised as Shopify Pending Balances (within debtors) that did not represent valid assets, as the same sales had already been separately invoiced and recognised directly in Xero. Of the total duplicated balance, £6,360 related to the year ended 30 November 2024 and has been treated as a prior period adjustment, correcting an error in that year's financial statements: Retained earnings (accumulated losses) brought forward at 1 December 2024, as previously stated: £(518,349) Prior period adjustment: £(6,360) Retained earnings (accumulated losses) brought forward at 1 December 2024, as restated: £(524,709) As a result, the loss for the year ended 30 November 2024 has increased by £6,360, from £95,449 to £101,809, and debtors at that date have reduced by £6,360, from £42,513 to £36,153. A further £3,707 of similarly duplicated balances arose during the year ended 30 November 2025, prior to resolution of the underlying integration issue with A2X. This amount has been included within cost of sales (other direct costs) for the current year. Following both corrections, the Shopify Pending Balance has been written down to nil at the balance sheet date.
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Harry Specters Limited Notes to the Accounts for the year ended 30 November 2025
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 December 2024
38,810
698
39,508
Additions
49,704
689
50,393
At 30 November 2025
88,514
1,387
89,901
Depreciation
At 1 December 2024
27,625
264
27,889
Charge for the year
8,092
421
8,513
At 30 November 2025
35,717
685
36,402
Net book value
At 30 November 2025
52,797
702
53,499
At 30 November 2024
11,185
434
11,619
5
Inventories
2025
2024
£
£
Raw materials
20,000
20,000
20,000
20,000
Inventories are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour and an appropriate proportion of production overheads incurred in bringing inventories to their present location and condition. Provision is made for slow-moving, obsolete or defective items where appropriate.
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
59,759
36,153
Accrued income and prepayments
164
-
Other debtors
-
3,751
59,923
39,904
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
6,816
11,584
VAT
14,431
19,530
Trade creditors
19,593
10,817
Taxes and social security
830
1,990
Other creditors
16,137
9,285
Loans from directors
16,583
16,583
74,390
69,789
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Harry Specters Limited Notes to the Accounts for the year ended 30 November 2025
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
-
5,000
Other creditors
259,482
259,484
Accruals
14,144
-
273,626
264,484
9
Average number of employees
During the year the average number of employees was 11 (2024: 11).
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