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
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
Heaps Development Limited
Statement of financial position
as at 30 June 2023
Tangible assets
281,493
281,493
Inventories
338,835
295,597
Cash at bank and in hand
941
9
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)
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
Heaps Development Limited
Notes to the Accounts
for the year ended 30 June 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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
Heaps Development Limited
Notes to the Accounts
for the year ended 30 June 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
2,000
1,807,428
Taxes and social security
-
7,310
Loans from directors
963,694
761,131
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).