IRIS Accounts Production v22.2.0.402 SC559887 Board of Directors 1.4.21 31.3.22 31.3.22 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC5598872021-03-31SC5598872022-03-31SC5598872021-04-012022-03-31SC5598872020-03-31SC5598872020-04-012021-03-31SC5598872021-03-31SC559887ns16:Scotland2021-04-012022-03-31SC559887ns15:PoundSterling2021-04-012022-03-31SC559887ns11:Director12021-04-012022-03-31SC559887ns11:PrivateLimitedCompanyLtd2021-04-012022-03-31SC559887ns11:SmallEntities2021-04-012022-03-31SC559887ns11:AuditExempt-NoAccountantsReport2021-04-012022-03-31SC559887ns11:SmallCompaniesRegimeForDirectorsReport2021-04-012022-03-31SC559887ns11:SmallCompaniesRegimeForAccounts2021-04-012022-03-31SC559887ns11:FullAccounts2021-04-012022-03-31SC559887ns11:Director22021-04-012022-03-31SC559887ns11:Director32021-04-012022-03-31SC559887ns11:Director42021-04-012022-03-31SC559887ns11:RegisteredOffice2021-04-012022-03-31SC559887ns6:CurrentFinancialInstruments2022-03-31SC559887ns6:CurrentFinancialInstruments2021-03-31SC559887ns6:ShareCapital2022-03-31SC559887ns6:ShareCapital2021-03-31SC559887ns6:RetainedEarningsAccumulatedLosses2022-03-31SC559887ns6:RetainedEarningsAccumulatedLosses2021-03-31SC559887ns6:PlantMachinery2021-04-012022-03-31SC559887ns6:PlantMachinery2022-03-31SC559887ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-31SC559887ns6:WithinOneYearns6:CurrentFinancialInstruments2021-03-31
REGISTERED NUMBER: SC559887 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2022

for

Heavy Minerals Research Consultants
Limited

Heavy Minerals Research Consultants
Limited (Registered number: SC559887)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Heavy Minerals Research Consultants
Limited

Company Information
for the Year Ended 31 March 2022







DIRECTORS: L R Clarke
I P Greig
Dr P J Mcgill
J Morgan





REGISTERED OFFICE: 7 Ythan Terrace
Ellon
Aberdeenshire
AB41 9LJ





REGISTERED NUMBER: SC559887 (Scotland)





ACCOUNTANTS: J M Taylor
7 Ythan Terrace
Ellon
Aberdeenshire
AB41 9LJ

Heavy Minerals Research Consultants
Limited (Registered number: SC559887)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,067 -

CURRENT ASSETS
Stocks 164,078 51,550
Debtors 5 346 42,950
Cash at bank 89,786 14,664
254,210 109,164
CREDITORS
Amounts falling due within one year 6 180,554 90,978
NET CURRENT ASSETS 73,656 18,186
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,723

18,186

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 76,719 18,182
SHAREHOLDERS' FUNDS 76,723 18,186

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 August 2022 and were signed on its behalf by:




J Morgan - Director


Heavy Minerals Research Consultants
Limited (Registered number: SC559887)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Heavy Minerals Research Consultants Limited is a private company, limited by shares , registered in Scotland. 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 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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - NIL ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 4,089
At 31 March 2022 4,089
DEPRECIATION
Charge for year 1,022
At 31 March 2022 1,022
NET BOOK VALUE
At 31 March 2022 3,067

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors - 42,600
Other debtors 346 350
346 42,950

Heavy Minerals Research Consultants
Limited (Registered number: SC559887)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade creditors 70,861 43,268
Taxation and social security 19,263 5,463
Other creditors 90,430 42,247
180,554 90,978