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Company Registration No. 09702119 (England and Wales)
The Heale Family Business Limited Unaudited accounts for the year ended 31 July 2023
The Heale Family Business Limited Unaudited accounts Contents
Page
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The Heale Family Business Limited Company Information for the year ended 31 July 2023
Directors
A Heale P Heale
Company Number
09702119 (England and Wales)
Registered Office
Clarlea Warramill Road Godalming GU7 1LU
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The Heale Family Business Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
63,662 
40,093 
Current assets
Debtors
859 
11,241 
Cash at bank and in hand
45,681 
43,853 
46,540 
55,094 
Creditors: amounts falling due within one year
(51,973)
(50,064)
Net current (liabilities)/assets
(5,433)
5,030 
Total assets less current liabilities
58,229 
45,123 
Creditors: amounts falling due after more than one year
(25,173)
(16,954)
Provisions for liabilities
Deferred tax
(12,096)
(7,618)
Net assets
20,960 
20,551 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
20,860 
20,451 
Shareholders' funds
20,960 
20,551 
For the year ending 31 July 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2023 and were signed on its behalf by
A Heale Director Company Registration No. 09702119
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The Heale Family Business Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
The Heale Family Business Limited is a private company, limited by shares, registered in England and Wales, registration number 09702119. The registered office is Clarlea, Warramill Road, Godalming, GU7 1LU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on cost
Motor vehicles
20% on cost
Fixtures & fittings
20% on cost
Computer equipment
33% on cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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The Heale Family Business Limited Notes to the Accounts for the year ended 31 July 2023
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2022
60,518 
19,219 
4,081 
83,818 
Additions
41,417 
- 
400 
41,817 
At 31 July 2023
101,935 
19,219 
4,481 
125,635 
Depreciation
At 1 August 2022
27,723 
12,812 
3,190 
43,725 
Charge for the year
13,783 
3,844 
621 
18,248 
At 31 July 2023
41,506 
16,656 
3,811 
61,973 
Net book value
At 31 July 2023
60,429 
2,563 
670 
63,662 
At 31 July 2022
32,795 
6,407 
891 
40,093 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
4,743 
Accrued income and prepayments
859 
6,498 
859 
11,241 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
4,933 
VAT
11,568 
11,693 
Trade creditors
1,217 
5,717 
Taxes and social security
24,263 
16,480 
Loans from directors
4,925 
121 
Accruals
- 
11,120 
51,973 
50,064 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
25,173 
16,954 
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The Heale Family Business Limited Notes to the Accounts for the year ended 31 July 2023
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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