Heritage Maintenance (Shropshire) Limite - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10537163 (England and Wales)

Unaudited Financial Statements

for the period

22 December 2016 to 28 February 2018

for

Heritage Maintenance (Shropshire)

Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

C J Young

A D Randall

P J Hotchkiss

REGISTERED OFFICE:

51 Racecourse Cresent

Monmoor

Shrewsbury

Shropshire

SY2 5BW

REGISTERED NUMBER:

10537163 (England and Wales)

ACCOUNTANTS:

Caerwyn Jones

Chartered Accountants

Emstrey House

Shrewsbury Business Park

Shrewsbury

Shropshire

SY2 6LG

BANKERS:

National Westminster Bank Plc

8 Mardol Head

Shrewsbury

Shropshire

SY1 1HE

FIXED ASSETS

Property, plant and equipment

4

2,991

CURRENT ASSETS

Debtors

5

177

Cash at bank

9,130

9,307

CREDITORS

Amounts falling due within one year

6

14,782

NET CURRENT LIABILITIES

(5,475

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,484

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(2,584

)

(2,484

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2018 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 12 September 2018 and were signed on its behalf by:

C J Young - Director

1.	STATUTORY INFORMATION

Heritage Maintenance (Shropshire) 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.

Turnover

Revenue 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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance and 10% on reducing balance

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the statement of financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

Additions

1,709

1,685

3,394

At 28 February 2018

1,709

1,685

3,394

DEPRECIATION

Charge for period

272

131

403

At 28 February 2018

272

131

403

NET BOOK VALUE

At 28 February 2018

1,437

1,554

2,991

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

177

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed to group undertakings

4,917

Other creditors

9,865

14,782

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in creditors falling due within one year are amounts totalling £9,615 due to the directors of

the company, these amounts are repayable on demand. During the year no interest was paid on the

balance.

8.	RELATED PARTY DISCLOSURES

During the year rent of £4,200 was paid to Heritage Properties (Shrewsbury) Ltd, a company in

which A D Randall is also a director.

During the year rent of £14,400 was paid to Heritage Glass (Shrewsbury) Ltd, a company which holds

100% of the company's shares. A D Randall and P J Hotchkiss are also directors in Heritage Glass

(Shrewsbury) Ltd.

At the balance sheet date, a total of £4,917 was due to Heritage Glass (Shrewsbury) Ltd.