Heatherside Refurbishment Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 04943818 (England and Wales)

Unaudited Financial Statements

for the Period 1 January 2022 to 31 March 2023

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

1,250

2,500

Tangible assets

5

140,647

118,745

141,897

121,245

CURRENT ASSETS

Stocks

31,750

48,400

Debtors

15,450

9,752

Cash at bank

11,803

39,688

59,003

97,840

CREDITORS

Amounts falling due within one year

148,265

153,763

NET CURRENT LIABILITIES

(89,262

)

(55,923

)

TOTAL ASSETS LESS CURRENT LIABILITIES

52,635

65,322

PROVISIONS FOR LIABILITIES

13,263

14,203

NET ASSETS

39,372

51,119

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

39,272

51,019

SHAREHOLDERS' FUNDS

39,372

51,119

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 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 period ended 31 March 2023 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 5 July 2023 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 period 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 period 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.

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 period was 4 (2021 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2022

and 31 March 2023

25,000

AMORTISATION

At 1 January 2022

22,500

Amortisation for period

1,250

At 31 March 2023

23,750

NET BOOK VALUE

At 31 March 2023

1,250

At 31 December 2021

2,500

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2022

191,382

Additions

101,078

Disposals

(43,057

)

At 31 March 2023

249,403

DEPRECIATION

At 1 January 2022

72,637

Charge for period

46,883

Eliminated on disposal

(10,764

)

At 31 March 2023

108,756

NET BOOK VALUE

At 31 March 2023

140,647

At 31 December 2021

118,745

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2021

value:

£

£

100

Ordinary

£1

100

100

7.	ULTIMATE CONTROLLING PARTY