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REGISTERED NUMBER: 01999298 (England and Wales)













Strategic Report,

Report of the Directors and

Audited Financial Statements

for the Year Ended 30 June 2023

for

Streets Heaver Computer Systems Limited

Streets Heaver Computer Systems Limited (Registered number: 01999298)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Statement of Comprehensive Income 9

Statement of Financial Position 10

Statement of Changes in Equity 11

Statement of Cash Flows 12

Notes to the Statement of Cash Flows 13

Notes to the Financial Statements 14


Streets Heaver Computer Systems Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mr P M Heaver
Mrs L G Heaver
Mr B J Heaver



SECRETARY: Mrs L G Heaver



REGISTERED OFFICE: The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN



REGISTERED NUMBER: 01999298 (England and Wales)



AUDITORS: Nicholsons Audit (Statutory Auditor)
Newland House
The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN



BANKERS: Barclays Bank Plc
Unit 1
City Office Park
Tritton Road
LINCOLN
Lincolnshire
LN6 7QY



SOLICITORS: Burton & Co
Stonebow
LINCOLN
Lincolnshire
LN2 1DA

Streets Heaver Computer Systems Limited (Registered number: 01999298)

Strategic Report
for the Year Ended 30 June 2023

The directors present their strategic report for the year ended 30 June 2023.

REVIEW OF BUSINESS
Our turnover and activity increased by 20.9% during the year and net profit before tax was 2.4% higher.

PRINCIPAL RISKS AND UNCERTAINTIES
The principal risks are the need to constantly innovate to keep abreast of the significant world-wide competition and new entrants using the latest technological advances. In the UK, we have faced increased competition in the recruitment and retention of staff due to a national shortage of skilled staff.

We have met the technological challenge through increased research and development and working with customers who share our enthusiasm for continued improvement in efficiency at the hospitals/clinics that we serve.

FUTURE DEVELOPMENTS
Our focus continues to on the development of our Compucare product which is used in private hospitals/clinics in the UK and overseas as well as the NHS, where it is significantly adopted in the private wings of many of the major Trusts.

The breadth of the product continues to expand both in scope and activity. Our NHS approved data centre is also increasingly seen by customers as an efficient way of providing for their IT requirements. We are moving our hosted solution from our own datacentre to the Microsoft cloud and have a separate team developing our future cloud solution.

GOING CONCERN
The company continues to be cash generative with surpluses being retained in the business to support the company growth.

ON BEHALF OF THE BOARD:





Mr P M Heaver - Director


28 February 2024

Streets Heaver Computer Systems Limited (Registered number: 01999298)

Report of the Directors
for the Year Ended 30 June 2023

The directors present their report with the financial statements of the company for the year ended 30 June 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of developing and selling computer software and related hardware for the health industry.

DIVIDENDS
The total distribution of dividends for the year ended 30 June 2023 will be £ 400,000 .

DIRECTORS
The directors shown below have held office during the whole of the period from 1 July 2022 to the date of this report.

Mr P M Heaver
Mrs L G Heaver
Mr B J Heaver

CHARITABLE DONATIONS AND EXPENDITURE
Donations in the year were made to St Peter & St Pauls Church - £800.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Streets Heaver Computer Systems Limited (Registered number: 01999298)

Report of the Directors
for the Year Ended 30 June 2023


STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:





Mr P M Heaver - Director


28 February 2024

Report of the Independent Auditors to the Members of
Streets Heaver Computer Systems Limited

Opinion
We have audited the financial statements of Streets Heaver Computer Systems Limited (the 'company') for the year ended 30 June 2023 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows and Notes to the Statement of Cash Flows, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 30 June 2023 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Report of the Independent Auditors to the Members of
Streets Heaver Computer Systems Limited


Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Streets Heaver Computer Systems Limited


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities including fraud.

Based on our understanding of the company and its industry we considered that non-compliance with the following laws and regulations might have a material effect on the financial statements: employment regulation, health and safety regulation, anti-money laundering regulation.

To help us identify instances of non-compliance with these laws and regulations and in identifying and assessing the risk of material misstatement in respect to non-compliance, our procedures included, but were not limited to:
- Inquiring of management and where appropriate those charge with governance as to whether the company is in compliance with laws and regulations.
- Inspecting correspondence, if any, with relevant licensing authorities.
- Communicating to our engagement team identified laws and regulations and remaining alert to any instances of non-compliance throughout our audit; and
- Considering the risk of acts by the company which were contrary to applicable laws and regulations, including fraud.

We also considered those laws wand regulations which have a direct effect on the preparation of the financial statements such as tax legislation, the Companies Act 2006 and the reporting framework (FRS102).

Further to this, we evaluated the Directors' and managements incentives and opportunities for fraudulent manipulation of the financial statements including the risk of management override of controls and determined the principal risks were related to posting manual journal entries to manipulate financial performance, management bias through judgements and assumptions in significant accounting estimates, in particular in relation to property valuations and significant one off or unusual transactions.

Our audit procedures in relation to fraud included but were not limited to:
- Making enquiries of the directors and management on whether they had knowledge of any actual, suspected or alleged fraud;
- Gaining an understanding of internal controls established to mitigate risks related to fraud;
- Discussing amongst the engagement team the risks of fraud; and
- Addressing the risks of fraud through management override of controls by performing journal entry testing.


Report of the Independent Auditors to the Members of
Streets Heaver Computer Systems Limited

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Steven Robinson ACA (Senior Statutory Auditor)
for and on behalf of Nicholsons Audit (Statutory Auditor)
Newland House
The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN

15 March 2024

Streets Heaver Computer Systems Limited (Registered number: 01999298)

Statement of Comprehensive
Income
for the Year Ended 30 June 2023

2023 2022
Notes £    £   

TURNOVER 3 5,348,103 4,423,305

Cost of sales 648,581 354,784
GROSS PROFIT 4,699,522 4,068,521

Administrative expenses 3,637,395 3,033,289
1,062,127 1,035,232

Other operating income 58,276 7,716
OPERATING PROFIT 5 1,120,403 1,042,948

Interest receivable and similar
income

13,394

918
PROFIT BEFORE TAXATION 1,133,797 1,043,866

Tax on profit 6 159,776 68,261
PROFIT FOR THE FINANCIAL YEAR 974,021 975,605

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

974,021

975,605

Streets Heaver Computer Systems Limited (Registered number: 01999298)

Statement of Financial Position
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 1,093,825 741,854
Investments 9 1,010 1,010
1,094,835 742,864

CURRENT ASSETS
Debtors 10 922,792 836,320
Investments 11 590,200 596,389
Cash at bank and in hand 2,773,278 4,983,866
4,286,270 6,416,575
CREDITORS
Amounts falling due within one year 12 1,128,113 3,577,775
NET CURRENT ASSETS 3,158,157 2,838,800
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,252,992

3,581,664

PROVISIONS FOR LIABILITIES 13 141,756 44,449
NET ASSETS 4,111,236 3,537,215

CAPITAL AND RESERVES
Called up share capital 14 52,770 52,770
Retained earnings 4,058,466 3,484,445
SHAREHOLDERS' FUNDS 4,111,236 3,537,215

The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2024 and were signed on its behalf by:





Mr P M Heaver - Director


Streets Heaver Computer Systems Limited (Registered number: 01999298)

Statement of Changes in Equity
for the Year Ended 30 June 2023

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 July 2021 52,770 4,671,690 4,724,460

Changes in equity
Dividends - (2,162,850 ) (2,162,850 )
Total comprehensive income - 975,605 975,605
Balance at 30 June 2022 52,770 3,484,445 3,537,215

Changes in equity
Dividends - (400,000 ) (400,000 )
Total comprehensive income - 974,021 974,021
Balance at 30 June 2023 52,770 4,058,466 4,111,236

Streets Heaver Computer Systems Limited (Registered number: 01999298)

Statement of Cash Flows
for the Year Ended 30 June 2023

2023 2022
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 708,976 1,948,617
Tax paid (56,126 ) (93,092 )
Net cash from operating activities 652,850 1,855,525

Cash flows from investing activities
Purchase of tangible fixed assets (478,233 ) (105,788 )
Sale of tangible fixed assets 1,617 1
Increase in Investments 6,189 (5,013 )
Interest received 13,394 918
Net cash from investing activities (457,033 ) (109,882 )

Cash flows from financing activities
Amount withdrawn by directors (6,405 ) (20,520 )
Equity dividends paid (2,400,000 ) (162,850 )
Net cash from financing activities (2,406,405 ) (183,370 )

(Decrease)/increase in cash and cash equivalents (2,210,588 ) 1,562,273
Cash and cash equivalents at
beginning of year

2

4,983,866

3,421,593

Cash and cash equivalents at end
of year

2

2,773,278

4,983,866

Streets Heaver Computer Systems Limited (Registered number: 01999298)

Notes to the Statement of Cash Flows
for the Year Ended 30 June 2023

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS
2023 2022
£    £   
Profit before taxation 1,133,797 1,043,866
Depreciation charges 126,087 94,030
Profit on disposal of fixed assets (1,442 ) -
Finance income (13,394 ) (918 )
1,245,048 1,136,978
Increase in trade and other debtors (86,472 ) (92,001 )
(Decrease)/increase in trade and other creditors (449,600 ) 903,640
Cash generated from operations 708,976 1,948,617

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 30 June 2023
30.6.23 1.7.22
£    £   
Cash and cash equivalents 2,773,278 4,983,866
Year ended 30 June 2022
30.6.22 1.7.21
£    £   
Cash and cash equivalents 4,983,866 3,421,593


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.7.22 Cash flow At 30.6.23
£    £    £   
Net cash
Cash at bank and in hand 4,983,866 (2,210,588 ) 2,773,278
4,983,866 (2,210,588 ) 2,773,278

Liquid resources
Current asset investments 596,389 (6,189 ) 590,200
596,389 (6,189 ) 590,200
Total 5,580,255 (2,216,777 ) 3,363,478

Streets Heaver Computer Systems Limited (Registered number: 01999298)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Streets Heaver Computer Systems 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.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of goods and services, excluding the value added tax.

Income is deferred at the year end to recognise only the elements of income relating to the current financial year, in respect of maintenance contracts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 2% on cost
Land - not depreciated.
Plant and machinery - 15% on cost and monthly over a 12 month period
Fixtures and fittings - 15% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost
Data centre included in computer equipment - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 statement of financial position date.


Streets Heaver Computer Systems Limited (Registered number: 01999298)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Current asset investments
The Current Asset Investments are included within the accounts at the market value.

Fixed asset investments
Fixed asset investments are stated at cost less provisions for permanent diminution.

Financial instruments
Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

Streets Heaver Computer Systems Limited (Registered number: 01999298)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

3. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by geographical market is given below:

2023 2022
£    £   
United Kingdom 5,112,857 4,244,044
Europe 235,246 179,261
5,348,103 4,423,305

4. EMPLOYEES AND DIRECTORS
2023 2022
£    £   
Wages and salaries 2,638,654 2,245,685
Social security costs 274,672 222,395
Other pension costs 120,872 107,095
3,034,198 2,575,175

The average number of employees during the year was as follows:
2023 2022

Admin 4 4
Support 17 16
Data centre 3 2
Projects 19 20
Development 27 24
Sales marketing 5 6
Central administration 2 2
Training 2 2
79 76

The number of directors to whom retirement benefits were accruing was as follows;

Defined contribution schemes 2023 - 2 (2022 - 2).

Streets Heaver Computer Systems Limited (Registered number: 01999298)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2023 2022
£    £   
Other operating leases 12,996 12,996
Depreciation - owned assets 126,087 94,030
Profit on disposal of fixed assets (1,442 ) -
Foreign exchange differences (1,963 ) (2,987 )
Audit fees 6,500 5,500

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2023 2022
£    £   
Current tax:
UK corporation tax 62,470 65,798

Deferred tax 97,306 2,463
Tax on profit 159,776 68,261

UK corporation tax has been charged at 19% (2022 - 19%).

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2023 2022
£    £   
Profit before tax 1,133,797 1,043,866
Profit multiplied by the standard rate of corporation tax in the
UK of 19% (2022 - 19%)

215,421

198,335

Effects of:
Expenses not deductible for tax purposes 213 141
Income not taxable for tax purposes (274 ) -
Capital allowances in excess of depreciation (66,805 ) (7,091 )
Adjustments to tax charge in respect of previous periods (9,673 ) -
Deferred tax 97,306 2,463
Research & development (74,252 ) (109,123 )
Group Relief (7,426 ) (16,464 )
Change in Corporation Tax rate 5,266 -
Total tax charge 159,776 68,261

Streets Heaver Computer Systems Limited (Registered number: 01999298)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. DIVIDENDS
2023 2022
£    £   
Ordinary A shares of £1 each
Interim 400,000 2,162,850

8. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 July 2022 629,352 99,496 156,137
Additions - - 57,657
Disposals - (3,643 ) (51,002 )
At 30 June 2023 629,352 95,853 162,792
DEPRECIATION
At 1 July 2022 108,685 72,056 115,226
Charge for year 10,586 8,807 8,231
Eliminated on disposal - (15,522 ) (38,947 )
At 30 June 2023 119,271 65,341 84,510
NET BOOK VALUE
At 30 June 2023 510,081 30,512 78,282
At 30 June 2022 520,667 27,440 40,911

Streets Heaver Computer Systems Limited (Registered number: 01999298)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2022 31,636 564,185 1,480,806
Additions 259,448 161,128 478,233
Disposals - (292,223 ) (346,868 )
At 30 June 2023 291,084 433,090 1,612,171
DEPRECIATION
At 1 July 2022 8,066 434,919 738,952
Charge for year 19,744 78,719 126,087
Eliminated on disposal - (292,224 ) (346,693 )
At 30 June 2023 27,810 221,414 518,346
NET BOOK VALUE
At 30 June 2023 263,274 211,676 1,093,825
At 30 June 2022 23,570 129,266 741,854


9. FIXED ASSET INVESTMENTS
Shares in
profile Q
£   
COST
At 1 July 2022
and 30 June 2023 42,780
PROVISIONS
At 1 July 2022
and 30 June 2023 41,770
NET BOOK VALUE
At 30 June 2023 1,010
At 30 June 2022 1,010

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Profile Q Limited
Registered office:
Nature of business: Dormant company
%
Class of shares: holding
Ordinary 100.00

Streets Heaver Computer Systems Limited (Registered number: 01999298)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 790,976 745,040
Bad debt provision (21,500 ) (14,468 )
Other debtors 15,490 16,928
Prepayments and accrued income 137,826 88,820
922,792 836,320

11. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Listed investments 590,200 596,389
Market value of listed investments at 30 June 2023 - £ 590,200 (2022 - £ 596,389 ).

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 90,731 92,086
Other creditors 62 -
Tax 72,142 65,798
Social security and other taxes 73,757 71,358
Pension control 16,887 15,002
VAT 167,663 229,068
Amounts due to group
undertakings - 2,000,000
Amounts owed to Profile Q 1,000 1,000
Directors' current accounts 407 6,812
Accruals and deferred income 705,464 1,096,651
1,128,113 3,577,775

13. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Deferred tax b/fwd 44,449 41,986
Accelerated capital allowances 83,270 2,463
Tax rate adjustment 14,037 -
141,756 44,449

Streets Heaver Computer Systems Limited (Registered number: 01999298)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

13. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 July 2022 44,449
Deferred tax charge 83,270
Change of tax rate 14,037
Balance at 30 June 2023 141,756

14. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
40,270 Ordinary A £1 40,270 40,270
5,000 Ordinary B £1 5,000 5,000
45,270 45,270

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
2,500 Ordinary C £1 2,500 2,500
2,500 Ordinary D £1 2,500 2,500
2,500 Ordinary E £1 2,500 2,500
7,500 7,500

Ordinary shares A - E are ranked in pari passu in all respects.

15. ULTIMATE PARENT COMPANY

Heaver Group Holdings is regarded by the directors as being the company's ultimate parent company.

Mr P M Heaver is the ultimate controlling party. Consolidated accounts can be obtained from the address below;

The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN

Streets Heaver Computer Systems Limited (Registered number: 01999298)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

16. RELATED PARTY DISCLOSURES

As at 30 June 2023 included within creditors is a balance of £407 (2022: £6,812) owed to Mr P M Heaver. This is an unsecured loan and no interest has been charged.

During the year total dividends were paid of £400,000 (2022: £162,850).

Mr P M Heaver owns a London property and charges the company a rent of £1,083 a month for the use of it for when staff members are working at a London area client's premises. The property was available for the entire year and is rented under an assured leasehold tenancy agreement. The amount paid in rent during the year was £12,996 (2022: £12,996).

Included in other debtors is an amount of £15,490 (2022: £16,990) which relates to the Coleby Pub Investments Limited, Mr P M Heaver is a Director of this company. This is an unsecured loan and no interest has been charged.