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REGISTERED NUMBER: 10813261 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

HEARTLANDS FACILITIES MANAGEMENT LTD

HEARTLANDS FACILITIES MANAGEMENT LTD (REGISTERED NUMBER: 10813261)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


HEARTLANDS FACILITIES MANAGEMENT LTD

COMPANY INFORMATION
for the Year Ended 30 June 2023







DIRECTORS: O D W H Wakefield
Mrs G Wakefield





REGISTERED OFFICE: The Squires
5 Walsall Street
Wednesbury
West Midlands
WS10 9BZ





REGISTERED NUMBER: 10813261 (England and Wales)





ACCOUNTANTS: Wright & Co Partnership Limited
Chartered Accountants
5 Walsall Street
Wednesbury
West Midlands
WS10 9BZ

HEARTLANDS FACILITIES MANAGEMENT LTD (REGISTERED NUMBER: 10813261)

ABRIDGED BALANCE SHEET
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 240,325 314,521

CURRENT ASSETS
Debtors 309,790 176,941
Cash at bank 182,875 260,186
492,665 437,127
CREDITORS
Amounts falling due within one year 335,265 360,799
NET CURRENT ASSETS 157,400 76,328
TOTAL ASSETS LESS CURRENT
LIABILITIES

397,725

390,849

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 397,723 390,847
397,725 390,849

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 February 2024 and were signed on its behalf by:





O D W H Wakefield - Director


HEARTLANDS FACILITIES MANAGEMENT LTD (REGISTERED NUMBER: 10813261)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Heartlands Facilities Management Ltd 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" 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

HEARTLANDS FACILITIES MANAGEMENT LTD (REGISTERED NUMBER: 10813261)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022 549,494
Additions 213,773
Disposals (345,645 )
At 30 June 2023 417,622
DEPRECIATION
At 1 July 2022 234,973
Charge for year 81,649
Eliminated on disposal (139,325 )
At 30 June 2023 177,297
NET BOOK VALUE
At 30 June 2023 240,325
At 30 June 2022 314,521

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 July 2022 148,067
Additions 101,718
Disposals (88,472 )
At 30 June 2023 161,313
DEPRECIATION
At 1 July 2022 (784 )
Charge for year 36,603
Eliminated on disposal (27,366 )
Reclassification/transfer 43,833
At 30 June 2023 52,286
NET BOOK VALUE
At 30 June 2023 109,027
At 30 June 2022 148,851