Accounts Submission

HERRIARD RECOVERIES LTD - Company Information

Company Accounts and Tax Online 05715580 Board of Directors 1.10.21 30.9.22 30.9.22 false iso4217:GBP xbrli:pure 05715580 2020-10-01 2021-09-30 05715580 2022-09-30 05715580 2021-10-01 2022-09-30 05715580 2021-09-30 05715580 countries:EnglandWales 2021-10-01 2022-09-30 05715580 curr:PoundSterling 2021-10-01 2022-09-30 05715580 uk-bus:PrivateLimitedCompanyLtd 2021-10-01 2022-09-30 05715580 uk-bus:FRS102 2021-10-01 2022-09-30 05715580 uk-bus:AuditExempt-NoAccountantsReport 2021-10-01 2022-09-30 05715580 uk-bus:FullAccounts 2021-10-01 2022-09-30 05715580 uk-bus:RegisteredOffice 2021-10-01 2022-09-30 05715580 uk-bus:Director1 2021-10-01 2022-09-30 05715580 uk-bus:Director1 2021-10-01 05715580 uk-bus:Director1 2022-09-30 05715580 core:AfterOneYear 2022-09-30 05715580 core:AfterOneYear 2021-09-30 05715580 core:WithinOneYear 2022-09-30 05715580 core:WithinOneYear 2021-09-30 05715580 core:WithinOneYear 2021-10-01 2022-09-30 05715580 core:AfterOneYear 2022-09-30 05715580 core:AfterOneYear 2021-09-30 05715580 core:AfterOneYear 2021-10-01 2022-09-30 05715580 core:ShareCapital 2022-09-30 05715580 core:ShareCapital 2021-09-30 05715580 core:RevaluationReserve 2022-09-30 05715580 core:RevaluationReserve 2021-09-30 05715580 core:RetainedEarningsAccumulatedLosses 2022-09-30 05715580 core:RetainedEarningsAccumulatedLosses 2021-09-30 05715580 core:Associate1 2021-10-01 2022-09-30 05715580 core:Associate1 2021-09-30 05715580 core:Associate1 2022-09-30 05715580 core:Associate1 2021-10-01 2022-09-30 05715580 core:Associate2 2021-10-01 2022-09-30 05715580 core:Associate2 2021-09-30 05715580 core:Associate2 2022-09-30 05715580 core:Associate2 2021-10-01 2022-09-30 05715580 core:Associate3 2021-10-01 2022-09-30 05715580 core:Associate3 2021-09-30 05715580 core:Associate3 2022-09-30 05715580 core:Associate3 2021-10-01 2022-09-30 05715580 core:Associate4 2021-10-01 2022-09-30 05715580 core:Associate4 2021-09-30 05715580 core:Associate4 2022-09-30 05715580 core:Associate4 2021-10-01 2022-09-30 05715580 1 2021-10-01 2022-09-30 05715580 core:LandBuildings 2021-10-01 2022-09-30 05715580 core:LandBuildings 2022-09-30 05715580 core:LandBuildings 2020-10-01 2021-09-30 05715580 core:LandBuildings 2021-09-30 05715580 core:PlantMachinery 2021-10-01 2022-09-30 05715580 core:PlantMachinery 2022-09-30 05715580 core:PlantMachinery 2020-10-01 2021-09-30 05715580 core:PlantMachinery 2021-09-30 05715580 core:FurnitureFittingsToolsEquipment 2021-10-01 2022-09-30 05715580 core:FurnitureFittingsToolsEquipment 2022-09-30 05715580 core:FurnitureFittingsToolsEquipment 2020-10-01 2021-09-30 05715580 core:FurnitureFittingsToolsEquipment 2021-09-30 05715580 core:OfficeEquipment 2021-10-01 2022-09-30 05715580 core:OfficeEquipment 2022-09-30 05715580 core:OfficeEquipment 2020-10-01 2021-09-30 05715580 core:OfficeEquipment 2021-09-30 05715580 core:Vehicles 2021-10-01 2022-09-30 05715580 core:Vehicles 2022-09-30 05715580 core:Vehicles 2020-10-01 2021-09-30 05715580 core:Vehicles 2021-09-30 05715580 core:NetGoodwill 2021-10-01 2022-09-30 05715580 core:NetGoodwill 2022-09-30 05715580 core:NetGoodwill 2020-10-01 2021-09-30 05715580 core:NetGoodwill 2021-09-30 05715580 core:IntangibleAssetsOtherThanGoodwill 2021-10-01 2022-09-30 05715580 core:IntangibleAssetsOtherThanGoodwill 2022-09-30 05715580 core:IntangibleAssetsOtherThanGoodwill 2020-10-01 2021-09-30 05715580 core:IntangibleAssetsOtherThanGoodwill 2021-09-30

Company Registration Number:
05715580 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2022

Period of accounts

Start date: 01 October 2021

End date: 30 September 2022

Contents of the Financial Statements

for the Period Ended 30 September 2022


Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

Directors' Report Period Ended 30 September 2022

The directors present their report with the financial statements of the company for the period ended 30 September 2022

Principal Activities

The principle activity of the Company during the period was the sale of management services to businesses.

Directors

The directors shown below have held office during the whole of the period from 01 October 2021 to 30 September 2022
Nicolas W Smale

This report was approved by the board of directors on 16 June 2023
And Signed On Behalf Of The Board By:

Name: Nicolas W Smale
Status: Director

Balance sheet

As at 30 September 2022

	Notes	2022 £	2021 £
Fixed assets
Tangible assets:	4	607,500	607,500
Total fixed assets:		607,500	607,500
Current assets
Stocks:		0	0
Debtors:	5	779,011	968,771
Cash at bank and in hand:		144,960	15,822
Total current assets:		923,971	984,593
Creditors: amounts falling due within one year:	6	( 555,622 )	( 560,241 )
Net current assets (liabilities):		368,349	424,352
Total assets less current liabilities:		975,849	1,031,852
Creditors: amounts falling due after more than one year:	7	( 741,126 )	( 750,000 )
Provision for liabilities:		( 0 )	( 0 )
Accruals and deferred income:		( 0 )	( 0 )
Total net assets (liabilities):		234,723	281,852

The notes form part of these financial statements

Balance sheet continued

As at 30 September 2022

	2022 £	2021 £
Capital and reserves
Called up share capital:	256,384	256,384
Profit and loss account:	( 21,661 )	25,468
Shareholders funds:	234,723	281,852

For the year ending 30 September 2022 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 16 June 2023
And Signed On Behalf Of The Board By:

Name: Nicolas W Smale
Status: Director

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 30 September 2022

1. Accounting policies

Basis of measurement and preparation

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover derives from the provision of management services. The costs incurred on behalf of customers are netted off against income received. The turnover in the accounts represents fees charged for these services and is recognised by reference to the stage of completion of the transaction at the balance sheet date. Turnover is recognised exclusive of VAT.

Tangible fixed assets depreciation policy

Depreciation is charged on assets in use by the company. No depreciation is charged in the current year. The charge is estimated to spread the cost over the useful life of the asset.

Notes to the Financial Statements

for the Period Ended 30 September 2022

2. Employees

	2022	2021
Average number of employees during the period	0	0

Notes to the Financial Statements

for the Period Ended 30 September 2022

3. Off balance sheet disclosure

No

Notes to the Financial Statements

for the Period Ended 30 September 2022

4. Tangible assets

	Plant & machinery	Total
Cost	£	£
At 01 October 2021	607,500	607,500
Additions	0	0
Disposals	( 0 )	( 0 )
Revaluations	0	0
Transfers	0	0
At 30 September 2022	607,500	607,500
Depreciation
At 01 October 2021	0	0
Charge for year	0	0
On disposals	( 0 )	( 0 )
Other adjustments	0	0
At 30 September 2022	0	0
Net book value
At 30 September 2022	607,500	607,500
At 30 September 2021	607,500	607,500

The company is investing in developing software and data systems.

Notes to the Financial Statements

for the Period Ended 30 September 2022

5. Debtors

	2022 £	2021 £
Other debtors	779,011	968,771
Total	779,011	968,771

Notes to the Financial Statements

for the Period Ended 30 September 2022

6.Creditors: amounts falling due within one year note

	2022 £	2021 £
Accruals and deferred income	568	568
Other creditors	555,054	559,673
Total	555,622	560,241

Notes to the Financial Statements

for the Period Ended 30 September 2022

7.Creditors: amounts falling due after more than one year

	2022 £	2021 £
Other creditors	741,126	750,000
Total	741,126	750,000

Notes to the Financial Statements

for the Period Ended 30 September 2022

8.1.Related party disclosures

Name of related party:	Updraft Ltd
Description of relationship:
Mr Smale is the majority owner of the company and the sole owner of Updraft Ltd.
Description of the transaction:
Historic intercompany balance.
Balance at 01 October 2021	377,887
Balance at 30 September 2022	378,725

Name of related party:	Phoenicks Ltd
Description of relationship:
Phoenicks Ltd is majority owned by Mr Smale.
Description of the transaction:
Historic intercompany balance.
Balance at 01 October 2021	296,515
Balance at 30 September 2022	292,009

Notes to the Financial Statements

for the Period Ended 30 September 2022

8.2.Related party disclosures

Name of related party:	Watershore Ltd and Hazel Bowles
Description of relationship:
Watershore is wholly owned by Hazel Bowles and has acquired 40% of the share capital of the company.
Description of the transaction:
Historic loans made to the company
Balance at 01 October 2021	47,000
Balance at 30 September 2022	47,000

Name of related party:	Jon Bowles
Description of relationship:
Jon Bowles is the husband of Hazel Bowles and also a 40% shareholder of Phoenicks Ltd a related party.
Description of the transaction:
Historic loans made by the company to Jon Bowles and his interests. Since the balance sheet date, legal proceedings against Jon Bowles have been concluded and the company has been awarded a sum in excess of £350,000 plus interests and charges.
Balance at 01 October 2021	128,000
Balance at 30 September 2022	128,000

Director:		Nicolas W Smale


Registered office:		Pepperbox Herriard Basingstoke Hampshire RG25 2PQ


Company Registration Number:		05715580 (England and Wales)

Accounts Submission