Harrison & Hardie Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03889306 (England and Wales)

HARRISON & HARDIE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2021

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms V A Snell

A G Snell

REGISTERED OFFICE:

High Street

Bourton on the water

Gloucestershire

GL54 2AN

REGISTERED NUMBER:

03889306 (England and Wales)

FIXED ASSETS

Tangible assets

4

-

722

Investments

5

-

4

-

726

CURRENT ASSETS

Debtors

303,009

55,273

Cash at bank

124,850

187,065

427,859

242,338

CREDITORS

Amounts falling due within one year

126,187

155,201

NET CURRENT ASSETS

301,672

87,137

TOTAL ASSETS LESS CURRENT LIABILITIES

301,672

87,863

CREDITORS

Amounts falling due after more than one year

-

(56,184

)

PROVISIONS FOR LIABILITIES

-

(137

)

NET ASSETS

301,672

31,542

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

301,572

31,442

301,672

31,542

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 May 2022 and were signed on its behalf by:

Ms V A Snell - Director

1.	STATUTORY INFORMATION

Harrison & Hardie Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

in accordance with the property

Plant and machinery etc

-

25% on cost, 10% - 33% on cost and Straight line over 3 years

Government grants

Grant income relating to revenue is recognised on an accruals basis. Income is recognised on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. A grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support with no future related costs is recognised in income in the period in which it becomes receivable.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government assistance

During the year the company has received grant income under HM Government Coronavirus Job Retention Scheme totalling £5,106 .£98,007 grant income was received in 2020 being £48,007 job retention scheme and £50,000 Retail, hospitality and leisure grant fund.. Amounts recognised are included in Other Income.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2020 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2021

168,447

Disposals

(168,447

)

At 31 December 2021

-

DEPRECIATION

At 1 January 2021

167,725

Charge for year

71

Eliminated on disposal

(167,796

)

At 31 December 2021

-

NET BOOK VALUE

At 31 December 2021

-

At 31 December 2020

722

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 January 2021

4

Disposals

(4

)

At 31 December 2021

-

PROVISIONS

Charge for year

4

Eliminated on disposal

(4

)

At 31 December 2021

-

NET BOOK VALUE

At 31 December 2021

-

At 31 December 2020

4

6.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2021

2020

£

£

Within one year

34,752

65,056

In more than five years

172,767

-

207,519

65,056