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REGISTERED NUMBER: 01113659 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

HEATH & ARNOLD LIMITED

HEATH & ARNOLD LIMITED (REGISTERED NUMBER: 01113659)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HEATH & ARNOLD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: D Wills-Heath
B Wills-Heath





SECRETARY: D Wills-Heath





REGISTERED OFFICE: St Day Road
Redruth
Cornwall
TR15 2EH





REGISTERED NUMBER: 01113659 (England and Wales)





ACCOUNTANT: Catherine Bennett Ltd
Chartered Accountant
Wheal Harmony House
Solomon Road
Redruth
Cornwall
TR15 1FD

HEATH & ARNOLD LIMITED (REGISTERED NUMBER: 01113659)

BALANCE SHEET
31 MARCH 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,495 45,477

CURRENT ASSETS
Debtors 5 664,853 407,697
Cash at bank and in hand 46,165 39,632
711,018 447,329
CREDITORS
Amounts falling due within one year 6 517,559 290,511
NET CURRENT ASSETS 193,459 156,818
TOTAL ASSETS LESS CURRENT
LIABILITIES

231,954

202,295

PROVISIONS FOR LIABILITIES 6,600 81
NET ASSETS 225,354 202,214

CAPITAL AND RESERVES
Called up share capital 10 10
Other reserves 10 10
Retained earnings 225,334 202,194
SHAREHOLDERS' FUNDS 225,354 202,214

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

HEATH & ARNOLD LIMITED (REGISTERED NUMBER: 01113659)

BALANCE SHEET - continued
31 MARCH 2023


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 3 November 2023 and were signed on its behalf by:





D Wills-Heath - Director


HEATH & ARNOLD LIMITED (REGISTERED NUMBER: 01113659)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Heath & Arnold 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - not provided
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 50% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

HEATH & ARNOLD LIMITED (REGISTERED NUMBER: 01113659)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 23 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 April 2022 282 31,606 14,242
Additions - 762 -
At 31 March 2023 282 32,368 14,242
DEPRECIATION
At 1 April 2022 282 25,455 13,824
Charge for year - 1,383 83
At 31 March 2023 282 26,838 13,907
NET BOOK VALUE
At 31 March 2023 - 5,530 335
At 31 March 2022 - 6,151 418

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 95,360 14,792 156,282
Additions 2,000 - 2,762
At 31 March 2023 97,360 14,792 159,044
DEPRECIATION
At 1 April 2022 56,781 14,463 110,805
Charge for year 8,116 162 9,744
At 31 March 2023 64,897 14,625 120,549
NET BOOK VALUE
At 31 March 2023 32,463 167 38,495
At 31 March 2022 38,579 329 45,477

HEATH & ARNOLD LIMITED (REGISTERED NUMBER: 01113659)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade debtors 574,068 327,392
Amounts owed by group undertakings 12,448 11,464
Other debtors 27,294 27,250
Tax 10,244 10,091
VAT 27,486 18,707
Prepayments 13,313 12,793
664,853 407,697

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade creditors 497,469 268,956
Tax 34 -
Social security and other taxes 15,880 15,763
Other creditors - 561
Directors' current accounts 1,911 3,076
Accruals and deferred income 2,265 2,155
517,559 290,511

7. ULTIMATE CONTROLLING PARTY

Heath & Arnold Limited is a wholly owned subsidiary of Heath & Arnold Holdings Ltd whose registered office is St Day Road, Redruth, Cornwall, TR15 2EH. This is also Heath & Arnold Holdings Ltd's principal place of business.