Herts Heritage Building And Roofing Limi - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 03318699 (England and Wales)

HERTS HERITAGE BUILDING AND ROOFING

LIMITED

Unaudited Financial Statements

For The Year Ended 31 March 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Buglioni

P Buglioni

Ms D E Buglioni

SECRETARY:

R Buglioni

REGISTERED OFFICE:

9 Grosvenor Way

London

E5 9ND

REGISTERED NUMBER:

03318699 (England and Wales)

FIXED ASSETS

Tangible assets

4

39,747

39,388

CURRENT ASSETS

Stocks

215,691

283,152

Debtors

5

2,322,235

2,254,911

Cash at bank

1,075,011

718,415

3,612,937

3,256,478

CREDITORS

Amounts falling due within one year

6

723,825

815,822

NET CURRENT ASSETS

2,889,112

2,440,656

TOTAL ASSETS LESS CURRENT LIABILITIES

2,928,859

2,480,044

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

2,928,759

2,479,944

SHAREHOLDERS' FUNDS

2,928,859

2,480,044

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 26 September 2017 and were signed on its behalf by:

R Buglioni - Director

P Buglioni - Director

1.	STATUTORY INFORMATION

Herts Heritage Building And Roofing 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

In the opinion of the directors, it remains appropriate to continue to adopt the going concern basis of accounting.

Significant judgements and estimates

The preparation of financial statements requires management to make judgements, estimates and assumptions

about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates

and underlying assumptions are based on historical experience and other factors that are considered to be

relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates

are recognised in the period in which the estimate is revised if the revision affects only that period, or in the

period of the revision and future periods if the revision affects both current and future periods.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation.

Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual

value, over their expected useful lives on the following basis:

Plant

25% on the reducing balance

Office Equipment

25% on the reducing balance

Stock and work in progress

Stock and Work in Progress is valued at the lower of cost and net realisable value after making due allowance for

obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and

variable overheads.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 April 2016

7,116

95,237

102,353

Additions

-

10,887

10,887

At 31 March 2017

7,116

106,124

113,240

DEPRECIATION

At 1 April 2016

6,998

55,967

62,965

Charge for year

30

10,498

10,528

At 31 March 2017

7,028

66,465

73,493

NET BOOK VALUE

At 31 March 2017

88

39,659

39,747

At 31 March 2016

118

39,270

39,388

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

1,051,000

1,051,349

Amounts owed by group undertakings

1,239,218

990,030

Other debtors

32,017

213,532

2,322,235

2,254,911

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

531,226

563,870

Taxation and social security

185,922

247,952

Other creditors

6,677

4,000

723,825

815,822

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary

1.000

100

100

8.	FIRST YEAR ADOPTION

This is the first year that Herts Heritage Building And Roofing Limited has prepared its results under FRS 102.

The last financial statements prepared under previous UK GAAP were for the year ended 31 March 2017. The

date of transition to FRS 102 was 1 April 2016.

No transition differences have been identified on transition from previous UK GAAP to FRS 102. As such, no

transition tables are presented showing the differences between the financial statements as presented under

previous GAAP and as presented under FRS 102.