Harper Morgan Limited - Filleted accounts

Harper Morgan Limited
Registered number:		05925250
Statement of Financial Position
as at 31 October 2025
						Restated
Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		2,527			2,512

Current assets
Debtors	4	12,335			34,374
Cash at bank and in hand		22,008			157,577
		34,343			191,951

Creditors: amounts falling due within one year	5	(27,603)			(105,539)

Net current assets			6,740			86,412

Total assets less current liabilities			9,267			88,924

Creditors: amounts falling due after more than one year	7		(9,167)			(19,167)



Net assets			100			69,757

Capital and reserves
Called up share capital			100			100
Profit and loss account			-			69,657

Shareholders' funds			100			69,757

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Wesley Harper
Director
Approved by the board on 31 July 2026

Harper Morgan Limited
Notes to the Accounts
for the year ended 31 October 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.

	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 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			25% reducing balance
	Fixtures & Fittings			25% reducing balance

	Debtors
	Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

2	Employees and directors					2025		2024
Number							Number

	Average number of directors and persons employed by the company					2		2

3	Tangible fixed assets
				Plant and machinery etc		Fixtures & Fittings		Total
£					£		£
	Cost
	At 1 November 2024			4,191		4,918		9,109
	Additions			647		-		647
	At 31 October 2025			4,838		4,918		9,756

	Depreciation
	At 1 November 2024			2,024		4,573		6,597
	Charge for the year			563		69		632
	At 31 October 2025			2,587		4,642		7,229

	Net book value
	At 31 October 2025			2,251		276		2,527
	At 31 October 2024			2,167		345		2,512


4	Debtors					2025		2024
£							£

	Trade debtors					-		20,295
	Other debtors					12,335		14,079
						12,335		34,374

								Restated
5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					10,000		10,000
	Trade creditors					96		23,918
	Accruals					1,570		49,410
	Corporation tax					-		4,185
	Other taxes and social security costs					15,937		17,262
	Other creditors					-		764
						27,603		105,539

6	Prior year adjustment
	While preparing the financial statements it was noted that £19,000 of accrued purchases were not included. Consequently the comparative figures, purchases of £19,000 and accruals of £19,000 have been adjusted in these financial statements to correct this error. The change has resulted in profits at 31 October 2024 decreasing before tax by £19,000.


7	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					9,167		19,167


8	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Wesley Harper
	Repayable on demand	-		10,451		-		10,451

		-		10,451		-		10,451


9	Other information

	Harper Morgan Limited is a private company limited by shares and incorporated in England. Its registered office is:
	269 Farnborough Road
	Farnborough
	Hampshire
	GU14 7LY