Home and Energy Surveys Ltd
Registered number: 08900772
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 942 1,177
Current assets
Debtors 4 5,151 3,415
Cash at bank and in hand 2,005 3,873
7,156 7,288
Creditors: amounts falling due within one year 5 (7,248) (8,096)
Net current liabilities (92) (808)
Total assets less current liabilities 850 369
Provisions for liabilities - (224)
Net assets 850 145
Capital and reserves
Called up share capital 100 100
Profit and loss account 750 45
Shareholder's funds 850 145
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr N W Brereton
Director
Approved by the board on 6 November 2023
Home and Energy Surveys Ltd
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 2,556
At 31 March 2023 2,556
Depreciation
At 1 April 2022 1,379
Charge for the year 235
At 31 March 2023 1,614
Net book value
At 31 March 2023 942
At 31 March 2022 1,177
4 Debtors 2023 2022
£ £
Trade debtors 1,380 1,940
Other debtors 3,771 1,475
5,151 3,415
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 400 1,104
Taxation and social security costs 4,936 5,504
Other creditors 1,912 1,488
7,248 8,096
6 Other information
Home and Energy Surveys Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Demar House, 14 Church Road
East Wittering
Chichester
West Sussex
PO20 8PS
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