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Company Registration No. 11730086 (England and Wales)
Heaps Development Limited Unaudited accounts for the year ended 30 June 2023
Heaps Development Limited Unaudited accounts Contents
Page
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Heaps Development Limited Company Information for the year ended 30 June 2023
Directors
Neil McNeil Shirley McNeil
Company Number
11730086 (England and Wales)
Registered Office
Heaps Farm Mottram Old Road Stalybridge SK15 2TE
Accountants
Elevate Accounting Solutions Limited 14 John Bradshaw Court Alexandria Way Congleton CW12 1LB
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Heaps Development Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
281,493 
281,493 
Current assets
Inventories
338,835 
295,597 
Debtors
9,282 
1,689,065 
Cash at bank and in hand
941 
9 
349,058 
1,984,671 
Creditors: amounts falling due within one year
(965,694)
(2,615,869)
Net current liabilities
(616,636)
(631,198)
Net liabilities
(335,143)
(349,705)
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
(335,343)
(349,905)
Shareholders' funds
(335,143)
(349,705)
For the year ending 30 June 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 directors acknowledge their 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 of Directors and authorised for issue on 15 December 2023 and were signed on its behalf by
Neil McNeil Director Company Registration No. 11730086
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Heaps Development Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Heaps Development Limited is a private company, limited by shares, registered in England and Wales, registration number 11730086. The registered office is Heaps Farm, Mottram Old Road, Stalybridge, SK15 2TE.
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. 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:
Land & buildings
No depreciation
Inventories
In respect of work in progress, cost includes a relevant proportion of overheads according to the stage of completion.
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 July 2022
281,493 
At 30 June 2023
281,493 
Depreciation
At 30 June 2023
- 
Net book value
At 30 June 2023
281,493 
At 30 June 2022
281,493 
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Heaps Development Limited Notes to the Accounts for the year ended 30 June 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
9,282 
- 
Trade debtors
- 
1,689,065 
9,282 
1,689,065 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
2,000 
1,807,428 
Taxes and social security
- 
7,310 
Other creditors
- 
40,000 
Loans from directors
963,694 
761,131 
965,694 
2,615,869 
7
Controlling party
Until 30th August 2022, there was no controlling party. From 30th August 2022, Neil & Shirley McNeil were the ultimate controlling party.
8
Average number of employees
During the year the average number of employees was 2 (2022: 1).
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