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 2021

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

2,500

3,750

Tangible assets

5

118,745

72,404

121,245

76,154

CURRENT ASSETS

Stocks

48,400

31,250

Debtors

9,752

11,724

Cash at bank

39,688

101,400

97,840

144,374

CREDITORS

Amounts falling due within one year

153,763

155,656

NET CURRENT LIABILITIES

(55,923

)

(11,282

)

TOTAL ASSETS LESS CURRENT LIABILITIES

65,322

64,872

PROVISIONS FOR LIABILITIES

14,203

13,757

NET ASSETS

51,119

51,115

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

51,019

51,015

SHAREHOLDERS' FUNDS

51,119

51,115

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 Income Statement and 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 16 March 2022 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.

Motor vehicles

-

25% on reducing balance

Tools and equipment

-

25% 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 (2020 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2021

and 31 December 2021

25,000

AMORTISATION

At 1 January 2021

21,250

Amortisation for year

1,250

At 31 December 2021

22,500

NET BOOK VALUE

At 31 December 2021

2,500

At 31 December 2020

3,750

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2021

194,800

Additions

100,996

Disposals

(104,414

)

At 31 December 2021

191,382

DEPRECIATION

At 1 January 2021

122,396

Charge for year

39,582

Eliminated on disposal

(89,341

)

At 31 December 2021

72,637

NET BOOK VALUE

At 31 December 2021

118,745

At 31 December 2020

72,404

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

100

Ordinary

£1

100

100

7.	ULTIMATE CONTROLLING PARTY