P T Harrison Limited - Period Ending 2019-06-30

Registration number: 07264133

P T Harrison Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2019

P T Harrison Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Financial Statements	4 to 5

P T Harrison Limited

Company Information

Director

P T Harrison

Registered office

Hazeldine House Telford Town Centre Telford Shropshire TF3 4JL

Accountants

CBSL Accountants Limited Chartered Accountants Rowan House North 1 The Professional Quarter Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG

Page 1

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
P T Harrison Limited
for the Year Ended 30 June 2019

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of P T Harrison Limited for the year ended 30 June 2019 as set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of P T Harrison Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of P T Harrison Limited and state those matters that we have agreed to state to the Board of Directors of P T Harrison Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than P T Harrison Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that P T Harrison Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of P T Harrison Limited. You consider that P T Harrison Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of P T Harrison Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

CBSL Accountants Limited
Chartered Accountants
Rowan House North
1 The Professional Quarter
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

17 March 2020

Page 2

P T Harrison Limited

(Registration number: 07264133)
Balance Sheet as at 30 June 2019

	Note	2019 £	2018 £
Fixed assets
Intangible assets	3	45,000	67,500
Current assets
Debtors	4	271,017	251,005
Creditors: Amounts falling due within one year	5	(66,238)	(117,250)
Net current assets		204,779	133,755
Net assets		249,779	201,255
Capital and reserves
Called up share capital	6	2	2
Profit and loss account		249,777	201,253
Total equity		249,779	201,255

For the financial year ending 30 June 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 13 March 2020
 

P T Harrison
Director

The notes on pages 4 to 5 form an integral part of these financial statements.

Page 3

P T Harrison Limited

Notes to the Financial Statements for the Year Ended 30 June 2019

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Hazeldine House
Telford Town Centre
Telford
Shropshire
TF3 4JL

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	NBV of goodwill at 30/06/2016 over 5 years straight line.

Page 4

P T Harrison Limited

Notes to the Financial Statements for the Year Ended 30 June 2019

3	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 July 2018	150,000	150,000
At 30 June 2019	150,000	150,000
Amortisation
At 1 July 2018	82,500	82,500
Amortisation charge	22,500	22,500
At 30 June 2019	105,000	105,000
Carrying amount
At 30 June 2019	45,000	45,000
At 30 June 2018	67,500	67,500

4

Debtors

	Note	2019 £	2018 £
Amounts owed by group undertakings and undertakings in which the company has a participating interest		271,017	251,005
		271,017	251,005

5

Creditors

Creditors: amounts falling due within one year

	2019 £	2018 £
Due within one year
Other creditors	66,238	117,250

6	Share capital

Allotted, called up and fully paid shares

	2019		2018
	No.	£	No.	£
Ordinary of £1 each	2	2	2	2

Page 5