Heatherside Refurbishment Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04943818 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2018

for

Heatherside Refurbishment Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs K J Moore

K Moore Esq

SECRETARY:

Mrs K J Moore

REGISTERED OFFICE:

Estate House

144 Evesham Street

Redditch

Worcestershire

B97 4HP

REGISTERED NUMBER:

04943818 (England and Wales)

ACCOUNTANTS:

Derek Young & Co Accountants LLP

Chartered Accountants

Estate House

Evesham Street

Redditch

Worcestershire

B97 4HP

FIXED ASSETS

Intangible assets

4

6,250

7,500

Tangible assets

5

67,714

54,820

73,964

62,320

CURRENT ASSETS

Stocks

15,267

13,385

Debtors

6,738

1,640

Cash at bank

51,914

36,606

73,919

51,631

CREDITORS

Amounts falling due within one year

106,399

76,830

NET CURRENT LIABILITIES

(32,480

)

(25,199

)

TOTAL ASSETS LESS CURRENT LIABILITIES

41,484

37,121

CREDITORS

Amounts falling due after more than one year

-

(1,667

)

PROVISIONS FOR LIABILITIES

(12,784

)

(8,036

)

NET ASSETS

28,700

27,418

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

28,600

27,318

SHAREHOLDERS' FUNDS

28,700

27,418

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2018 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 on 17 April 2019 and were signed on its behalf by:

Mrs K J Moore - Director

1.	STATUTORY INFORMATION

Heatherside Refurbishment Limited 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 represents amounts derived from the provision of goods and services falling within the company's

ordinary activities, after deduction of trade discounts, value added tax and any other tax based on the amounts so

derived.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

25% on reducing balance

Tools and equipment

-

15% on reducing balance

Tangible fixed assets are stated at cost less depreciation.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2018

and 31 December 2018

25,000

AMORTISATION

At 1 January 2018

17,500

Amortisation for year

1,250

At 31 December 2018

18,750

NET BOOK VALUE

At 31 December 2018

6,250

At 31 December 2017

7,500

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2018

155,967

Additions

39,995

Disposals

(12,000

)

At 31 December 2018

183,962

DEPRECIATION

At 1 January 2018

101,147

Charge for year

15,101

At 31 December 2018

116,248

NET BOOK VALUE

At 31 December 2018

67,714

At 31 December 2017

54,820

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2018

22,217

Transfer to ownership

(22,217

)

At 31 December 2018

-

DEPRECIATION

At 1 January 2018

5,554

Transfer to ownership

(5,554

)

At 31 December 2018

-

NET BOOK VALUE

At 31 December 2018

-

At 31 December 2017

16,663

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

100

Ordinary

£1

100

100

7.	ULTIMATE CONTROLLING PARTY