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REGISTERED NUMBER: 03640040 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022

FOR

HEAVER TRADING CO LIMITED

HEAVER TRADING CO LIMITED (REGISTERED NUMBER: 03640040)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HEAVER TRADING CO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2022







DIRECTORS: C J Ellis
Mrs K J Kelly
Mrs M Ellis
K L Kirk





SECRETARY: Mrs K J Kelly





REGISTERED OFFICE: Ash Grange
Ash Road
Ash, Sevenoaks
Kent
TN15 7HJ





REGISTERED NUMBER: 03640040 (England and Wales)





ACCOUNTANTS: Sargeant Partnership LLP
Chartered Accountants
5 White Oak Square
London Road
Swanley
Kent
BR8 7AG

HEAVER TRADING CO LIMITED (REGISTERED NUMBER: 03640040)

BALANCE SHEET
31 OCTOBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 224,604 233,064

CURRENT ASSETS
Debtors 5 191 3,305
Cash at bank - 3,317
191 6,622
CREDITORS
Amounts falling due within one year 6 223,170 106,480
NET CURRENT LIABILITIES (222,979 ) (99,858 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,625

133,206

PROVISIONS FOR LIABILITIES - 6,627
NET ASSETS 1,625 126,579

CAPITAL AND RESERVES
Called up share capital 7 9 9
Retained earnings 8 1,616 126,570
SHAREHOLDERS' FUNDS 1,625 126,579

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

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

HEAVER TRADING CO LIMITED (REGISTERED NUMBER: 03640040)

BALANCE SHEET - continued
31 OCTOBER 2022


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 October 2023 and were signed on its behalf by:





Mrs M Ellis - Director


HEAVER TRADING CO LIMITED (REGISTERED NUMBER: 03640040)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

1. STATUTORY INFORMATION

Heaver Trading Co 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 rental income of trading units.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Long leasehold - 4% per annum on cost
Improvements to property - 10% per annum on cost
Plant and machinery - 10% per annum on cost
Motor vehicles - 25% per annum on reducing balance

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 2 (2021 - 2 ) .

HEAVER TRADING CO LIMITED (REGISTERED NUMBER: 03640040)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022

4. TANGIBLE FIXED ASSETS
Improvements
Freehold Long to
property leasehold property
£    £    £   
COST
At 1 November 2021 164,686 45,900 7,500
Additions - - -
At 31 October 2022 164,686 45,900 7,500
DEPRECIATION
At 1 November 2021 - 32,448 3,000
Charge for year - 538 750
At 31 October 2022 - 32,986 3,750
NET BOOK VALUE
At 31 October 2022 164,686 12,914 3,750
At 31 October 2021 164,686 13,452 4,500

Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 November 2021 56,541 63,801 338,428
Additions - 2,733 2,733
At 31 October 2022 56,541 66,534 341,161
DEPRECIATION
At 1 November 2021 32,125 37,791 105,364
Charge for year 3,232 6,673 11,193
At 31 October 2022 35,357 44,464 116,557
NET BOOK VALUE
At 31 October 2022 21,184 22,070 224,604
At 31 October 2021 24,416 26,010 233,064

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 191 3,305

HEAVER TRADING CO LIMITED (REGISTERED NUMBER: 03640040)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 10,876 -
Taxation and social security 623 26,315
Other creditors 211,671 80,165
223,170 106,480

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
6 Ordinary Shares £1 6 6
1 A Ordinary £1 1 1
1 B Ordinary £1 1 1
1 C Ordinary £1 1 1
9 9

8. RESERVES
Retained
earnings
£   

At 1 November 2021 126,570
Deficit for the year (61,954 )
Dividends (63,000 )
At 31 October 2022 1,616

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed C J Ellis £713 (2021: £1,036.)

During the year the company paid dividends of £31,500 to C Ellis and £31,500 to M Ellis.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are the company directors by virtue of their shareholdings.