Registered number
08851876
HERITAGE HORTICULTURAL LIMITED
Filleted Accounts
31 January 2024
HERITAGE HORTICULTURAL LIMITED
Registered number: 08851876
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 43,196 65,779
Current assets
Debtors 4 43,541 64,099
Cash at bank and in hand 19,737 6,228
63,278 70,327
Creditors: amounts falling due within one year 5 (240,026) (180,314)
Net current liabilities (176,748) (109,987)
Total assets less current liabilities (133,552) (44,208)
Creditors: amounts falling due after more than one year 6 (30,794) (37,121)
Provisions for liabilities - (4,660)
Net liabilities (164,346) (85,989)
Capital and reserves
Called up share capital 101 101
Profit and loss account (164,447) (86,090)
Shareholder's funds (164,346) (85,989)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Alex Cox
Director
Approved by the board on 30 June 2024
HERITAGE HORTICULTURAL LIMITED
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Motor vehicles over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 12 10
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2023 80,886 56,725 137,611
Additions 417 3,900 4,317
At 31 January 2024 81,303 60,625 141,928
Depreciation
At 1 February 2023 25,610 46,222 71,832
Charge for the year 20,301 6,599 26,900
At 31 January 2024 45,911 52,821 98,732
Net book value
At 31 January 2024 35,392 7,804 43,196
At 31 January 2023 55,276 10,503 65,779
4 Debtors 2024 2023
£ £
Trade debtors 14,624 -
Deferred tax asset 7,482 -
Other debtors 21,435 64,099
43,541 64,099
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,111 5,102
Obligations under finance lease and hire purchase contracts 7,779 13,388
Trade creditors 7,444 1,511
Taxation and social security costs 41,551 30,882
Other creditors 178,141 129,431
240,026 180,314
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 14,270 14,701
Obligations under finance lease and hire purchase contracts 16,524 22,420
30,794 37,121
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Alex Cox
Directors loan account 45,467 - (39,376) 6,091
45,467 - (39,376) 6,091
8 Related party transactions
Heritage Horticultural Ltd owes £163,721 to Heritage Horticultural Gardening Ltd. Mr A Cox is the director and majority shareholder of Heritage Horticultural Gardening Ltd. This has been reported in other creditors.
Heritage Horticultural Ltd owes £11,741 to Heritage Horticultural Lawn Care Ltd. Mr A Cox is the director and 50% shareholder of Heritage Horticultural Lawn Care Ltd. This has been reported in other creditors.
9 Controlling party
The company is controlled by Mr Alex Cox , director and majority shareholder.
10 Other information
HERITAGE HORTICULTURAL LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
6 Harpers Hill
Nayland
Colchester
Essex
CO6 4NT
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