Company registration number 10112952 (England and Wales)
L J Heffernan Utilities Limited
Unaudited
financial statements
for the year ended 30 April 2023
PAGES FOR FILING WITH REGISTRAR
L J Heffernan Utilities Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
L J Heffernan Utilities Limited
Statement Of Financial Position
as at 30 April 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
636,644
420,617
Current assets
Debtors
5
768,177
560,697
Cash at bank and in hand
265,373
507,501
1,033,550
1,068,198
Creditors: amounts falling due within one year
6
(339,915)
(292,545)
Net current assets
693,635
775,653
Total assets less current liabilities
1,330,279
1,196,270
Creditors: amounts falling due after more than one year
7
(187,382)
(168,406)
Provisions for liabilities
8
(116,578)
(78,986)
Net assets
1,026,319
948,878
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
1,026,318
948,877
Total equity
1,026,319
948,878

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

L J Heffernan Utilities Limited
Statement Of Financial Position (continued)
as at 30 April 2023
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 21 August 2023
L J Heffernan
Director
Company Registration No. 10112952
L J Heffernan Utilities Limited
Notes to the financial statements
for the year ended 30 April 2023
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover is recognised at the fair value of the consideration received for services provided in the normal course of business, and is shown net of VAT. Turnover is recognised on supply of services.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% reducing balance basis
Fixtures and fittings
10% reducing balance basis
Computers
10% reducing balance basis
Motor vehicles
20% reducing balance basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated 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 an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

L J Heffernan Utilities Limited
Notes to the financial statements (continued)
for the year ended 30 April 2023
- 4 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
3
1
4
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 May 2022
127,936
3,562
1,270
525,789
658,557
Additions
31,199
1,498
-
0
301,690
334,387
Disposals
-
0
-
0
-
0
(37,261)
(37,261)
At 30 April 2023
159,135
5,060
1,270
790,218
955,683
Depreciation and impairment
At 1 May 2022
72,836
1,368
292
163,444
237,940
Depreciation charged in the year
14,596
319
98
82,440
97,453
Eliminated in respect of disposals
-
0
-
0
-
0
(16,354)
(16,354)
At 30 April 2023
87,432
1,687
390
229,530
319,039
Carrying amount
At 30 April 2023
71,703
3,373
880
560,688
636,644
At 30 April 2022
55,100
2,194
978
362,345
420,617
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
579,126
376,027
Amounts due from connected company
10,000
-
0
Other debtors
97,666
78,266
Prepayments and accrued income
81,385
106,404
768,177
560,697
L J Heffernan Utilities Limited
Notes to the financial statements (continued)
for the year ended 30 April 2023
- 5 -
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
10,000
10,000
Obligations under finance leases
108,597
63,870
Trade creditors
208,245
156,424
Corporation tax
2,673
59,637
Other taxation and social security
8,550
-
0
Other creditors
-
0
764
Accruals and deferred income
1,850
1,850
339,915
292,545

Obligations under hire purchase contracts are secured on the assets to which the finance relates.

7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
24,167
34,167
Obligations under finance leases
163,215
134,239
187,382
168,406

Obligations under hire purchase contracts are secured on the assets to which the finance relates.

8
Provisions for liabilities
2023
2022
£
£
Deferred tax liabilities
116,578
78,986
9
Parent company

The immediate parent company is Heffernan Enterprise Limited a company registered in England and Wales, whose registered office is Third Floor Suite, Brian Royd Business Centre, Saddleworth Road, Greetland, Halifax HX4 8NF.

10
Company information

L J Heffernan Utilities Limited is a private company limited by shares incorporated in England and Wales. The registered office is Third Floor Suite, Brian Royd Business Centre, Saddleworth Road, Greetland, Halifax, West Yorkshire, HX4 8NF.

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