Surf AccountsProduction v1.0.0 v1.0.0 2022-04-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is that of the provision of a bookkeeping service and consultancy. 10 November 2023 2 2 04622612 2023-03-31 04622612 2022-03-31 04622612 2021-03-31 04622612 2022-04-01 2023-03-31 04622612 2021-04-01 2022-03-31 04622612 uk-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04622612 uk-curr:PoundSterling 2022-04-01 2023-03-31 04622612 uk-bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 04622612 uk-bus:AbridgedAccounts 2022-04-01 2023-03-31 04622612 uk-core:ShareCapital 2023-03-31 04622612 uk-core:ShareCapital 2022-03-31 04622612 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 04622612 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 04622612 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-03-31 04622612 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-03-31 04622612 uk-bus:FRS102 2022-04-01 2023-03-31 04622612 uk-core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 04622612 2022-04-01 2023-03-31 04622612 uk-bus:Director1 2022-04-01 2023-03-31 04622612 uk-bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
Heritage B S S Limited
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 March 2023



Heritage B S S Limited
Company Registration Number: 04622612
ABRIDGED BALANCE SHEET
as at 31 March 2023

2023 2022
Notes £ £
 
Fixed Assets
Tangible assets 4 2,978 3,504
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Current Assets
Debtors 1,406 816
Cash and cash equivalents - 6,078
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1,406 6,894
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Creditors: amounts falling due within one year (6,778) (8,919)
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Net Current Liabilities (5,372) (2,025)
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Total Assets less Current Liabilities (2,394) 1,479
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Capital and Reserves
Called up share capital 8 8
Retained earnings (2,402) 1,471
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Shareholders' (Deficit)/Funds (2,394) 1,479
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The financial statements have been prepared 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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 10 November 2023 and signed on its behalf by
           
           
________________________________          
Mr D J Heritage          
Director          
           



Heritage B S S Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 March 2023

   
1. General Information
 
Heritage B S S Limited is a company limited by shares incorporated in the United Kingdom.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 March 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover represents the total invoice value of sales made during the year.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 15% reducing balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Share capital of the company
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
 
Preference share capital
The dividend rights of the preference shares are non-cumulative and payment is at the discretion of the company. The preference shares carry voting rights at meetings. Based on their characteristics the preference shares are considered to be presented as equity and not liabilities. There is no option to redeem the preference shares.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 2, (2022 - 2).
 
  2023 2022
  Number Number
 
Directors 2 2
  ═════════ ═════════
       
4. Tangible assets
  Fixtures, Total
  fittings and  
  equipment  
  £ £
Cost
At 1 April 2022 15,717 15,717
  ───────── ─────────
 
At 31 March 2023 15,717 15,717
  ───────── ─────────
Depreciation
At 1 April 2022 12,213 12,213
Charge for the financial year 526 526
  ───────── ─────────
At 31 March 2023 12,739 12,739
  ───────── ─────────
Net book value
At 31 March 2023 2,978 2,978
  ═════════ ═════════
At 31 March 2022 3,504 3,504
  ═════════ ═════════