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Company Registration No. 10091582 (England and Wales)
Heritage Builders Limited Unaudited accounts for the year ended 31 March 2023
Heritage Builders Limited Unaudited accounts Contents
Page
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Heritage Builders Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
1,038 
Current assets
Inventories
- 
600 
Debtors
- 
862 
Cash at bank and in hand
15 
152 
15 
1,614 
Creditors: amounts falling due within one year
(962)
(2,543)
Net current liabilities
(947)
(929)
Net (liabilities)/assets
(947)
109 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(1,047)
9 
Shareholders' funds
(947)
109 
For the year ending 31 March 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 director acknowledges his 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 and authorised for issue on 12 October 2023 and were signed on its behalf by
G.R.Easingwood Director Company Registration No. 10091582
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Heritage Builders Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Heritage Builders Limited is a private company, limited by shares, registered in England and Wales, registration number 10091582. The registered office is Unit 32A, Albion Road, Sileby, Loughborough, Leicestershire, LE12 7RA.
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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:
Motor vehicles
20% per annum on cost
Fixtures & fittings
20% per annum on cost
Computer equipment
33.3% per annum on cost
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.
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.
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.
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Heritage Builders Limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
4,000 
186 
357 
4,543 
Disposals
(4,000)
(186)
(357)
(4,543)
At 31 March 2023
- 
- 
- 
- 
Depreciation
At 1 April 2022
3,000 
148 
357 
3,505 
Charge for the year
800 
38 
- 
838 
On disposals
(3,800)
(186)
(357)
(4,343)
At 31 March 2023
- 
- 
- 
- 
Net book value
At 31 March 2023
- 
- 
- 
- 
At 31 March 2022
1,000 
38 
- 
1,038 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
862 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
- 
205 
Taxes and social security
- 
1,488 
Other creditors
962 
- 
Accruals
- 
850 
962 
2,543 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Loans to directors
The above loan was granted by the company to a director. Interest was charged at 2%
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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