P T Harrison Limited - Period Ending 2023-06-30

P T Harrison Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 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

P T Harrison Limited

(Registration number: 07264133)
Balance Sheet as at 30 June 2023

	Note	2023 £	2022 £
Current assets
Debtors	5	203,826	209,163
Cash at bank and in hand		102,750	120,753
		306,576	329,916
Creditors: Amounts falling due within one year	6	(22,874)	(23,446)
Net assets		283,702	306,470
Capital and reserves
Called up share capital	7	2	2
Retained earnings		283,700	306,468
Shareholders' funds		283,702	306,470

For the financial year ending 30 June 2023 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 23 March 2024
 

P T Harrison Director

P T Harrison Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

P T Harrison Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 July 2022	150,000	150,000
At 30 June 2023	150,000	150,000
Amortisation
At 1 July 2022	150,000	150,000
At 30 June 2023	150,000	150,000
Carrying amount
At 30 June 2023	-	-

P T Harrison Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

5

Debtors

Current	Note	2023 £	2022 £
Amounts owed by related parties	8	203,826	209,163

6

Creditors

Creditors: amounts falling due within one year

	2023 £	2022 £
Due within one year
Taxation and social security	22,429	22,337
Other creditors	445	1,109
	22,874	23,446

7	Share capital

Allotted, called up and fully paid shares

	2023		2022
	No.	£	No.	£
Ordinary of £1 each	2	2	2	2

8	Related party transactions

Summary of transactions with other related parties

P T Harrison Limited is a designated member of Clarkes Limited Liability Partnership.
 
At the year end monies due from Clarkes LLP amounted to £203,826 (2022 - £209,163) and monies due to the director amounted to £445 (2022 - £1,109).