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HERRIARD RECOVERIES LTD - Company Information

Company Accounts and Tax Online 05715580 Board of Directors 1.10.22 30.9.23 30.9.23 false iso4217:GBP xbrli:pure 05715580 2021-10-01 2022-09-30 05715580 2023-09-30 05715580 2022-10-01 2023-09-30 05715580 2022-09-30 05715580 countries:EnglandWales 2022-10-01 2023-09-30 05715580 curr:PoundSterling 2022-10-01 2023-09-30 05715580 uk-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 05715580 uk-bus:FRS102 2022-10-01 2023-09-30 05715580 uk-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 05715580 uk-bus:FullAccounts 2022-10-01 2023-09-30 05715580 uk-bus:RegisteredOffice 2022-10-01 2023-09-30 05715580 uk-bus:Director1 2022-10-01 2023-09-30 05715580 uk-bus:Director1 2022-10-01 05715580 uk-bus:Director1 2023-09-30 05715580 core:AfterOneYear 2023-09-30 05715580 core:AfterOneYear 2022-09-30 05715580 core:WithinOneYear 2023-09-30 05715580 core:WithinOneYear 2022-09-30 05715580 core:WithinOneYear 2022-10-01 2023-09-30 05715580 core:AfterOneYear 2023-09-30 05715580 core:AfterOneYear 2022-09-30 05715580 core:AfterOneYear 2022-10-01 2023-09-30 05715580 core:ShareCapital 2023-09-30 05715580 core:ShareCapital 2022-09-30 05715580 core:RevaluationReserve 2023-09-30 05715580 core:RevaluationReserve 2022-09-30 05715580 core:RetainedEarningsAccumulatedLosses 2023-09-30 05715580 core:RetainedEarningsAccumulatedLosses 2022-09-30 05715580 core:Associate1 2022-10-01 2023-09-30 05715580 core:Associate1 2022-09-30 05715580 core:Associate1 2023-09-30 05715580 core:Associate1 2022-10-01 2023-09-30 05715580 core:Associate2 2022-10-01 2023-09-30 05715580 core:Associate2 2022-09-30 05715580 core:Associate2 2023-09-30 05715580 core:Associate2 2022-10-01 2023-09-30 05715580 core:Associate3 2022-10-01 2023-09-30 05715580 core:Associate3 2022-09-30 05715580 core:Associate3 2023-09-30 05715580 core:Associate3 2022-10-01 2023-09-30 05715580 core:Associate4 2022-10-01 2023-09-30 05715580 core:Associate4 2022-09-30 05715580 core:Associate4 2023-09-30 05715580 core:Associate4 2022-10-01 2023-09-30 05715580 1 2022-10-01 2023-09-30 05715580 core:LandBuildings 2022-10-01 2023-09-30 05715580 core:LandBuildings 2023-09-30 05715580 core:LandBuildings 2021-10-01 2022-09-30 05715580 core:LandBuildings 2022-09-30 05715580 core:PlantMachinery 2022-10-01 2023-09-30 05715580 core:PlantMachinery 2023-09-30 05715580 core:PlantMachinery 2021-10-01 2022-09-30 05715580 core:PlantMachinery 2022-09-30 05715580 core:FurnitureFittingsToolsEquipment 2022-10-01 2023-09-30 05715580 core:FurnitureFittingsToolsEquipment 2023-09-30 05715580 core:FurnitureFittingsToolsEquipment 2021-10-01 2022-09-30 05715580 core:FurnitureFittingsToolsEquipment 2022-09-30 05715580 core:OfficeEquipment 2022-10-01 2023-09-30 05715580 core:OfficeEquipment 2023-09-30 05715580 core:OfficeEquipment 2021-10-01 2022-09-30 05715580 core:OfficeEquipment 2022-09-30 05715580 core:Vehicles 2022-10-01 2023-09-30 05715580 core:Vehicles 2023-09-30 05715580 core:Vehicles 2021-10-01 2022-09-30 05715580 core:Vehicles 2022-09-30 05715580 core:NetGoodwill 2022-10-01 2023-09-30 05715580 core:NetGoodwill 2023-09-30 05715580 core:NetGoodwill 2021-10-01 2022-09-30 05715580 core:NetGoodwill 2022-09-30 05715580 core:IntangibleAssetsOtherThanGoodwill 2022-10-01 2023-09-30 05715580 core:IntangibleAssetsOtherThanGoodwill 2023-09-30 05715580 core:IntangibleAssetsOtherThanGoodwill 2021-10-01 2022-09-30 05715580 core:IntangibleAssetsOtherThanGoodwill 2022-09-30

Company Registration Number:
05715580 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2023

Period of accounts

Start date: 01 October 2022

End date: 30 September 2023

Contents of the Financial Statements

for the Period Ended 30 September 2023


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

Directors' Report Period Ended 30 September 2023

The directors present their report with the financial statements of the company for the period ended 30 September 2023

Principal Activities

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

Additional information

The Company benefits from very substantial judgement debts and orders against debtors; interest continues to accrue. The Company is following statutory process to collect these debts. Substantial loans have also fallen to be repaid. The Company has presented a payment plan to these creditors which it believes will be accepted.

Directors

The directors shown below have held office during the whole of the period from 01 October 2022 to 30 September 2023
Nicolas W Smale

This report was approved by the board of directors on 20 June 2024
And Signed On Behalf Of The Board By:

Name: Nicolas W Smale
Status: Director

Balance sheet

As at 30 September 2023

	Notes	2023 £	2022 £
Fixed assets
Tangible assets:	4	607,500	607,500
Total fixed assets:		607,500	607,500
Current assets
Debtors:	5	802,034	779,011
Cash at bank and in hand:		56,713	144,960
Total current assets:		858,747	923,971
Creditors: amounts falling due within one year:	6	( 576,202 )	( 555,622 )
Net current assets (liabilities):		282,545	368,349
Total assets less current liabilities:		890,045	975,849
Creditors: amounts falling due after more than one year:	7	( 730,478 )	( 741,126 )
Total net assets (liabilities):		159,567	234,723

The notes form part of these financial statements

Balance sheet continued

As at 30 September 2023

	2023 £	2022 £
Capital and reserves
Called up share capital:	256,384	256,384
Profit and loss account:	( 96,817 )	( 21,661 )
Shareholders funds:	159,567	234,723

For the year ending 30 September 2023 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 20 June 2024
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 2023

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.

Tangible fixed assets depreciation policy

Depreciation is charged on assets used 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 2023

2. Employees

	2023	2022
Average number of employees during the period	0	0

Notes to the Financial Statements

for the Period Ended 30 September 2023

3. Off balance sheet disclosure

No

Notes to the Financial Statements

for the Period Ended 30 September 2023

4. Tangible assets

	Plant & machinery	Total
Cost	£	£
At 01 October 2022	607,500	607,500
Additions	0	0
Disposals	( 0 )	( 0 )
Revaluations	0	0
Transfers	0	0
At 30 September 2023	607,500	607,500
Depreciation
At 01 October 2022	0	0
Charge for year	0	0
On disposals	( 0 )	( 0 )
Other adjustments	0	0
At 30 September 2023	0	0
Net book value
At 30 September 2023	607,500	607,500
At 30 September 2022	607,500	607,500

Notes to the Financial Statements

for the Period Ended 30 September 2023

5. Debtors

	2023 £	2022 £
Trade debtors	0	0
Prepayments and accrued income	0	0
Other debtors	802,034	779,011
Total	802,034	779,011

Notes to the Financial Statements

for the Period Ended 30 September 2023

6.Creditors: amounts falling due within one year note

	2023 £	2022 £
Accruals and deferred income		568
Other creditors	576,202	555,054
Total	576,202	555,622

Notes to the Financial Statements

for the Period Ended 30 September 2023

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

	2023 £	2022 £
Bank loans and overdrafts	730,478	741,126
Total	730,478	741,126

Notes to the Financial Statements

for the Period Ended 30 September 2023

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 2022	378,725
Balance at 30 September 2023	379,629

Name of related party:	Phoenicks Ltd
Description of relationship:
Both the Company and Phoenicks Ltd are majority owned by Mr Smale
Description of the transaction:
Historic intercompany balance
Balance at 01 October 2022	292,009
Balance at 30 September 2023	290,400

Notes to the Financial Statements

for the Period Ended 30 September 2023

8.2.Related party disclosures

Name of related party:	Watershore Ltd and Hazel Bowles
Description of relationship:
Watershore is a 40% shareholder of the Company. It is wholly owned by Hazel Bowles.
Description of the transaction:
Historic loans made to the Company
Balance at 01 October 2022	47,000
Balance at 30 September 2023	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, a related party.
Description of the transaction:
Historic loans made by the Company to Jon Bowles and his interests.
Balance at 01 October 2022	128,000
Balance at 30 September 2023	128,000

Director:		Nicolas W Smale


Registered office:		Pepperbox Herriard Basingstoke Hampshire RG25 2PQ


Company Registration Number:		05715580 (England and Wales)

Accounts Submission