Company Registration No. 7008815 (England and Wales)
Headland Technical Services Limited
Unaudited accounts
for the year ended 30 September 2021
Headland Technical Services Limited
Unaudited accounts
Contents
Headland Technical Services Limited
Company Information
for the year ended 30 September 2021
Company Number
7008815 (England and Wales)
Registered Office
123 Cross Lane East
Gravesend
Kent
DA12 5HA
Accountants
Clayton Stirling
123 Cross Lane East
Gravesend
Kent
DA12 5HA
Headland Technical Services Limited
Statement of financial position
as at 30 September 2021
Tangible assets
3,962
7,871
Cash at bank and in hand
70,906
106,960
Creditors: amounts falling due within one year
(12,535)
(24,406)
Net current assets
58,371
82,554
Net assets
133,883
143,726
Called up share capital
100
100
Profit and loss account
133,783
143,626
Shareholders' funds
133,883
143,726
For the year ending 30 September 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 September 2022 and were signed on its behalf by
J Skulczuk
Director
Company Registration No. 7008815
Headland Technical Services Limited
Notes to the Accounts
for the year ended 30 September 2021
Headland Technical Services Limited is a private company, limited by shares, registered in England and Wales, registration number 7008815. The registered office is 123 Cross Lane East, Gravesend, Kent, DA12 5HA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and rebates. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance basis
Motor vehicles
25% reducing balance basis
Computer equipment
25% reducing balance basis
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.
Headland Technical Services Limited
Notes to the Accounts
for the year ended 30 September 2021
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2020
3,800
9,968
6,510
20,278
Disposals
(3,181)
(8,543)
-
(11,724)
At 30 September 2021
619
1,425
6,510
8,554
At 1 October 2020
2,989
7,553
1,865
12,407
Charge for the year
203
164
1,484
1,851
On disposals
(2,881)
(6,785)
-
(9,666)
At 30 September 2021
311
932
3,349
4,592
At 30 September 2021
308
493
3,161
3,962
At 30 September 2020
811
2,415
4,645
7,871
5
Investments
Other investments
Valuation at 1 October 2020
53,301
Fair value adjustments
18,249
Valuation at 30 September 2021
71,550
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
(689)
1,673
Loans from directors
13,014
21,893
7
Average number of employees
During the year the average number of employees was 3 (2020: 3).
