Harrison Brothers (Furniture) Limited (01444614): administration
- Status
- Administration ended
- Administration began
- 2019-05-23
- Administrators' firm
- RSM
- Incorporated
- 1979-08-17
- Location
- 1 Oxford Street
- Industry
- 31090 Manufacture of other furniture
From the administrators' statement
Relevant extracts from the Company's audited financial statements and management accounts are summarised below.
Statutory Accounts - Statutory Accounts - For the year ended 31__—“ For the year ended 31 Profit and Loss Account August 2018 August 2017 Turnover 5,421,917 6,487,724 Cost of sales (4,723,330) (5,432,924) Gross profit 698,587 4,054,800 Administrative expenses (1,050,877) (1,128,658) Operating profit (352,290) (73,858) Loss on disposal of fixed assets - (4,683) (352,290) (78,541) Interest payable and similar charges (20,813) (28,953) Profit on ordinary activities before taxation (373,403) (107,494) Tax on profit on ordinary activities : —_—___ Profit for the financial year (373,103) (107,494) Balance Sheet Fixed Assets Tangible Assets 1,171,508 1,225,304 Current Assets Stock 684,721 887,650 Debtors 442,621 434,009 Cash at bank and in hand 23,571 10,758 1,150,913 1,332,417 Creditors: Amounts falling due within 1 year (1,307,465) (1,169,662) Net current assets (156,552) 162,755 Total assets less current liabilities 1,014,956 1,388,059 Deferred taxation (85,582) (85,582) Total assets less total liabilities 929,374 1,302,477 Capital and Reserves Called up share capital 11,500 11,500 Revaluation reserve 260,322 260,322 Profit and loss reserves 657,552 1,030,655 Shareholders’ Funds …
The directors have not yet lodged a Statement of Affairs with the Joint Administrators to date. Accordingly, pursuant to the relevant legislation, we attach an Estimated Statement of the Financial Position of the Company as at 23 May 2019 as Appendix B.
Administrators' statement of proposals (2019-06-20) · Companies House register