Company registration number 01512978 (England and Wales)
HEATH AND HAWKES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 3 SEPTEMBER 2023
PAGES FOR FILING WITH REGISTRAR
HEATH AND HAWKES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
HEATH AND HAWKES LIMITED
BALANCE SHEET
AS AT
3 SEPTEMBER 2023
03 September 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
237,507
255,069
Investment property
4
260,000
260,000
497,507
515,069
Current assets
Debtors
5
62,239
46,585
Cash at bank and in hand
9,285
9,331
71,524
55,916
Creditors: amounts falling due within one year
6
(81,783)
(68,868)
Net current liabilities
(10,259)
(12,952)
Total assets less current liabilities
487,248
502,117
Creditors: amounts falling due after more than one year
7
(4,373)
(6,786)
Provisions for liabilities
(20,087)
(22,152)
Net assets
462,788
473,179
Capital and reserves
Called up share capital
8
175,400
175,400
Revaluation reserve
9
155,452
155,452
Capital redemption reserve
13,600
13,600
Profit and loss reserves
118,336
128,727
Total equity
462,788
473,179

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 3 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

HEATH AND HAWKES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
3 SEPTEMBER 2023
03 September 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 18 April 2024 and are signed on its behalf by:
Mr A N Hawkes
Director
Company Registration No. 01512978
HEATH AND HAWKES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 3 SEPTEMBER 2023
- 3 -
1
Accounting policies
Company information

Heath and Hawkes Limited is a private company limited by shares incorporated in England and Wales. The registered office is Blackbridge Farm, Cranford Road, Burton Latimer, Kettering, Northamptonshire, United Kingdom, NN15 5JJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

However, there remains uncertainty about the company's exposure to environmental clean-up costs as set out in note 10 to the accounts, but on the basis that the position cannot be determined nor the costs quantified at the current time, the directors continue to adopt the going concern concept for the preparation of these accounts.

1.3
Turnover

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

1.4
Tangible fixed assets

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

Freehold buildings
10% on reducing balance
Plant and machinery
at variable rates on reducing balance
Office equipment
10% on reducing balance
Motor vehicles
at variable rates on reducing balance

No depreciation has been charged on the freehold land.

1.5
Investment properties

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.6
Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

HEATH AND HAWKES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 3 SEPTEMBER 2023
1
Accounting policies
(Continued)
- 4 -
Current tax

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.

1.7
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.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
5
4
3
Tangible fixed assets
Freehold buildings
Plant and machinery
Office equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 4 September 2022 and 3 September 2023
417,367
860,223
17,795
369,873
1,665,258
Depreciation and impairment
At 4 September 2022
297,025
782,404
15,582
315,178
1,410,189
Depreciation charged in the year
4,090
7,782
221
5,469
17,562
At 3 September 2023
301,115
790,186
15,803
320,647
1,427,751
Carrying amount
At 3 September 2023
116,252
70,037
1,992
49,226
237,507
At 3 September 2022
120,342
77,819
2,213
54,695
255,069
HEATH AND HAWKES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 3 SEPTEMBER 2023
- 5 -
4
Investment property
2023
£
Fair value
At 4 September 2022 and 3 September 2023
260,000
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
57,832
40,774
Other debtors
-
0
1,419
Prepayments and accrued income
4,407
4,392
62,239
46,585
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
2,413
2,354
Trade creditors
6,233
1,209
Taxation and social security
1,723
920
Other creditors
58,878
50,502
Accruals and deferred income
12,536
13,883
81,783
68,868

Included within other creditors is loans from directors totalling £5,000. These loans are repayable on demand, interest free and open ended until repayment is requested.

7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
4,373
6,786
HEATH AND HAWKES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 3 SEPTEMBER 2023
- 6 -
8
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
175,400
175,400
175,400
175,400
9
Revaluation reserve
2023
2022
£
£
At the beginning and end of the year
155,452
155,452

The non-distributable revaluation reserve arises on the restatement of investment property at fair value.

10
Contingent Liabilities

Following a substantial and prolonged fire at the premises it is possible that if the tenant defaults, the company may be liable for the costs of clearing the waste on site. The value of such an operation is not readily quantifiable as the tonnage of waste is currently unknown and new tenancy arrangements have now been agreed.

2023-09-032022-09-04false18 April 2024CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMr A N HawkesMr P S HawkesMr A N Hawkesfalse015129782022-09-042023-09-03015129782023-09-03015129782022-09-0301512978core:LandBuildingscore:OwnedOrFreeholdAssets2023-09-0301512978core:PlantMachinery2023-09-0301512978core:ComputerEquipment2023-09-0301512978core:MotorVehicles2023-09-0301512978core:LandBuildingscore:OwnedOrFreeholdAssets2022-09-0301512978core:PlantMachinery2022-09-0301512978core:ComputerEquipment2022-09-0301512978core:MotorVehicles2022-09-0301512978core:CurrentFinancialInstrumentscore:WithinOneYear2023-09-0301512978core:CurrentFinancialInstrumentscore:WithinOneYear2022-09-0301512978core:Non-currentFinancialInstrumentscore:AfterOneYear2023-09-0301512978core:Non-currentFinancialInstrumentscore:AfterOneYear2022-09-0301512978core:CurrentFinancialInstruments2023-09-0301512978core:CurrentFinancialInstruments2022-09-0301512978core:ShareCapital2023-09-0301512978core:ShareCapital2022-09-0301512978core:RevaluationReserve2023-09-0301512978core:RevaluationReserve2022-09-0301512978core:CapitalRedemptionReserve2023-09-0301512978core:CapitalRedemptionReserve2022-09-0301512978core:RetainedEarningsAccumulatedLosses2023-09-0301512978core:RetainedEarningsAccumulatedLosses2022-09-0301512978bus:CompanySecretaryDirector12022-09-042023-09-0301512978core:LandBuildingscore:OwnedOrFreeholdAssets2022-09-042023-09-0301512978core:PlantMachinery2022-09-042023-09-0301512978core:ComputerEquipment2022-09-042023-09-0301512978core:MotorVehicles2022-09-042023-09-03015129782021-09-042022-09-0301512978core:LandBuildingscore:OwnedOrFreeholdAssets2022-09-0301512978core:PlantMachinery2022-09-0301512978core:ComputerEquipment2022-09-0301512978core:MotorVehicles2022-09-03015129782022-09-0301512978core:Non-currentFinancialInstruments2023-09-0301512978core:Non-currentFinancialInstruments2022-09-0301512978bus:PrivateLimitedCompanyLtd2022-09-042023-09-0301512978bus:SmallCompaniesRegimeForAccounts2022-09-042023-09-0301512978bus:FRS1022022-09-042023-09-0301512978bus:AuditExemptWithAccountantsReport2022-09-042023-09-0301512978bus:Director12022-09-042023-09-0301512978bus:Director22022-09-042023-09-0301512978bus:CompanySecretary12022-09-042023-09-0301512978bus:FullAccounts2022-09-042023-09-03xbrli:purexbrli:sharesiso4217:GBP