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REGISTERED NUMBER: SC559887 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Heavy Minerals Research Consultants
Limited

Heavy Minerals Research Consultants
Limited (Registered number: SC559887)






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


Heavy Minerals Research Consultants
Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: L R Clarke
I P Greig
Dr P J Mcgill
J Morgan





REGISTERED OFFICE: 7 Ythan Terrace
Ellon
Aberdeenshire
AB41 9LJ





REGISTERED NUMBER: SC559887 (Scotland)





ACCOUNTANTS: J M Taylor
7 Ythan Terrace
Ellon
Aberdeenshire
AB41 9LJ

Heavy Minerals Research Consultants
Limited (Registered number: SC559887)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,300 3,067

CURRENT ASSETS
Stocks - 164,078
Debtors 5 193,059 346
Cash at bank 74,703 89,786
267,762 254,210
CREDITORS
Amounts falling due within one year 6 159,632 180,554
NET CURRENT ASSETS 108,130 73,656
TOTAL ASSETS LESS CURRENT
LIABILITIES

110,430

76,723

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 110,426 76,719
SHAREHOLDERS' FUNDS 110,430 76,723

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.

Heavy Minerals Research Consultants
Limited (Registered number: SC559887)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2023 and were signed on its behalf by:





I P Greig - Director


Heavy Minerals Research Consultants
Limited (Registered number: SC559887)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Heavy Minerals Research Consultants Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 4,089
DEPRECIATION
At 1 April 2022 1,022
Charge for year 767
At 31 March 2023 1,789
NET BOOK VALUE
At 31 March 2023 2,300
At 31 March 2022 3,067

Heavy Minerals Research Consultants
Limited (Registered number: SC559887)

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 192,713 -
Other debtors 346 346
193,059 346

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 88,591 70,861
Taxation and social security 38,137 19,263
Other creditors 32,904 90,430
159,632 180,554