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REGISTERED NUMBER: 08580998 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

HAWTHORNE & HEANEY LIMITED

HAWTHORNE & HEANEY LIMITED (REGISTERED NUMBER: 08580998)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HAWTHORNE & HEANEY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: Miss C Barrett





REGISTERED OFFICE: Unit 2.02
High Weald House
Glovers end
Bexhill
East Sussex
TN39 5ES





REGISTERED NUMBER: 08580998 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

HAWTHORNE & HEANEY LIMITED (REGISTERED NUMBER: 08580998)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,853 -
Tangible assets 5 11,439 13,078
15,292 13,078

CURRENT ASSETS
Stocks 6 24,000 26,000
Debtors 7 74,818 91,975
Cash at bank 1,624 46,057
100,442 164,032
CREDITORS
Amounts falling due within one year 8 56,490 48,185
NET CURRENT ASSETS 43,952 115,847
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,244

128,925

CREDITORS
Amounts falling due after more than one
year

9

(118,348

)

(150,906

)

PROVISIONS FOR LIABILITIES 11 (2,174 ) (2,485 )
NET LIABILITIES (61,278 ) (24,466 )

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings (61,378 ) (24,566 )
SHAREHOLDERS' FUNDS (61,278 ) (24,466 )

HAWTHORNE & HEANEY LIMITED (REGISTERED NUMBER: 08580998)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 2023


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 director acknowledges her 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.

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

The financial statements were approved by the director and authorised for issue on 8 April 2024 and were signed by:





Miss C Barrett - Director


HAWTHORNE & HEANEY LIMITED (REGISTERED NUMBER: 08580998)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Hawthorne & Heaney 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

GOING CONCERN
The company's balance sheet shows a net deficit shareholders fund position. However, the director's have received confirmation from the shareholders of their continued financial support for the foreseeable future and for at least twelve months from the date of signature of these accounts.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of three years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Computer equipment - 33% on cost

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


HAWTHORNE & HEANEY LIMITED (REGISTERED NUMBER: 08580998)

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Development
Goodwill costs Totals
£    £    £   
Cost
At 1 July 2022 10,000 - 10,000
Additions - 5,780 5,780
At 30 June 2023 10,000 5,780 15,780
Amortisation
At 1 July 2022 10,000 - 10,000
Amortisation for year - 1,927 1,927
At 30 June 2023 10,000 1,927 11,927
Net book value
At 30 June 2023 - 3,853 3,853
At 30 June 2022 - - -

HAWTHORNE & HEANEY LIMITED (REGISTERED NUMBER: 08580998)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
Cost
At 1 July 2022 36,178 5,166 41,344
Additions 1,083 256 1,339
At 30 June 2023 37,261 5,422 42,683
Depreciation
At 1 July 2022 23,598 4,668 28,266
Charge for year 2,684 294 2,978
At 30 June 2023 26,282 4,962 31,244
Net book value
At 30 June 2023 10,979 460 11,439
At 30 June 2022 12,580 498 13,078

6. STOCKS
2023 2022
£    £   
Stocks 24,000 26,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,039 11,665
Other debtors 67,779 80,310
74,818 91,975

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 26,428 938
Taxation and social security 26,744 44,259
Other creditors 3,318 2,988
56,490 48,185

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 10) 118,348 150,906

HAWTHORNE & HEANEY LIMITED (REGISTERED NUMBER: 08580998)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 118,348 150,906

10. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 118,348 150,906

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 2,174 2,485

Deferred
tax
£   
Balance at 1 July 2022 2,485
Provided during year (311 )
movement during the year
Balance at 30 June 2023 2,174

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100