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Registered number: 08098943
HARRISON WIPING LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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CONTENTS
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Statement of Financial Position
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Notes to the Financial Statements
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HARRISON WIPING LIMITED
REGISTERED NUMBER:08098943
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STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2026
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Provisions for liabilities
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The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 October 2026.
The notes on pages 3 to 9 form part of these financial statements.
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HARRISON WIPING LIMITED
REGISTERED NUMBER:08098943
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STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2026
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Harrison Wiping Limited is a limited liability company incorporated in England and Wales, with its registered office address at 4 Langley Close, Harold Hill Industrial Estate, Romford, Essex, RM3 8XB.
The principal activity of the Company is the manufacture of wet and dry non-woven wipes.
The functional and presentational currency is £ Sterling.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
Based on his long-term business plans, the director is confident that the Company will continue to trade profitably in future periods and generate sufficient cash flows to meet its obligations as they fall due for payment.
Turnover represents amounts receivable for goods supplied during the period net of VAT and trade discounts.
Revenue is recognised when goods are delivered.
Negative goodwill arises in a business combination when the acquisition cost is less than the fair value of the identifiable net assets acquired. It is subsequently recognised in profit or loss over time. An amount up to the fair value of acquired non-monetary assets is released over the periods those assets are recovered, such as over their useful life for depreciable assets or when inventory is sold. Any excess negative goodwill is released over the periods expected to benefit from the acquisition, based on management's estimate.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
2.Accounting policies (continued)
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Tangible fixed assets (continued)
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Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives on the following basis:
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Furniture, fixtures and computer equipment
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Operating leases: the Company as lessee
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Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
Stocks 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.
Short term debtors are measured at the transaction price, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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Current and deferred taxation
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The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
2.Accounting policies (continued)
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Current and deferred taxation (continued)
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Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
Defined contribution pension plan
The Company contributes to a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.
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The average monthly number of employees, including the director, during the year was 20 (2025 - 28).
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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Released to profit and loss
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Charge for the year on owned assets
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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Furniture, fixtures and computer equipment
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Charge for the year on owned assets
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Raw materials and consumables
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Finished goods and goods for resale
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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Prepayments and accrued income
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Other taxation and social security
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Accruals and deferred income
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Credited to profit or loss
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The provision for deferred taxation is made up as follows:
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Accelerated capital allowances
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Arising on negative goodwill
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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Allotted, called up and fully paid
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1 (2025 - 1) Ordinary share of £1.00
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The company has guaranteed the bank borrowings of its parent undertaking, Saul D Harrison & Sons PLC. At the Statement of Financial Position date the amount guaranteed was £1,920,208. The guarantee is secured by fixed and floating charges over all the company’s assets.
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Related party transactions
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The Company has taken advantage of the exemption under FRS102 33.1A Related Party Disclosures not to disclose transactions entered into between two or more members of a group, provided that any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group.
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After the year end, on 30 July 2026, a new lease was entered into for the premises occupied by the Company at Torrington Avenue, Coventry. The lease runs from 30 July 2026 to 31 August 2027, at an annual rent of £362,540. The lease was entered into by Saul D Harrison & Sons Plc, the Company's parent undertaking.
The director regards Saul D Harrison & Sons Plc, a company registered in England & Wales, as the ultimate parent company. Saul D Harrison & Sons Plc is controlled by S D Harrison, the director of the company.
Saul D Harrison & Sons Plc is the parent undertaking of the smallest and the largest group of undertakings for which group accounts are prepared and of which the Company is a member. Copies of the group accounts are available from Companies House or from the registered office of Saul D Harrison & Sons Plc, 4 Langley Close, Harold Hill Industrial Estate, Romford, Essex, RM3 8XB.
The auditors' report on the financial statements for the year ended 31 March 2026 was unqualified.
The audit report was signed on 28 October 2026 by Martyn Atkinson FCA (Senior Statutory Auditor) on behalf of Sopher + Co LLP.
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