IRIS Accounts Production v24.2.0.383 04170048 director 1.5.23 30.4.24 30.4.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh041700482023-04-30041700482024-04-30041700482023-05-012024-04-30041700482022-04-30041700482022-05-012023-04-30041700482023-04-3004170048ns15:EnglandWales2023-05-012024-04-3004170048ns14:PoundSterling2023-05-012024-04-3004170048ns10:Director12023-05-012024-04-3004170048ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3004170048ns10:SmallEntities2023-05-012024-04-3004170048ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3004170048ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3004170048ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3004170048ns10:FullAccounts2023-05-012024-04-3004170048ns10:OrdinaryShareClass12023-05-012024-04-3004170048ns10:CompanySecretary12023-05-012024-04-3004170048ns10:RegisteredOffice2023-05-012024-04-3004170048ns5:CurrentFinancialInstruments2024-04-3004170048ns5:CurrentFinancialInstruments2023-04-3004170048ns5:Non-currentFinancialInstruments2024-04-3004170048ns5:Non-currentFinancialInstruments2023-04-3004170048ns5:ShareCapital2024-04-3004170048ns5:ShareCapital2023-04-3004170048ns5:RetainedEarningsAccumulatedLosses2024-04-3004170048ns5:RetainedEarningsAccumulatedLosses2023-04-3004170048ns5:MotorVehicles2023-05-012024-04-3004170048ns5:ComputerEquipment2023-05-012024-04-3004170048ns5:MotorVehicles2023-04-3004170048ns5:ComputerEquipment2023-04-3004170048ns5:MotorVehicles2024-04-3004170048ns5:ComputerEquipment2024-04-3004170048ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-04-3004170048ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-05-012024-04-3004170048ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-04-3004170048ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-04-3004170048ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3004170048ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3004170048ns5:HirePurchaseContractsns5:WithinOneYear2024-04-3004170048ns5:HirePurchaseContractsns5:WithinOneYear2023-04-3004170048ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-04-3004170048ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-04-3004170048ns5:HirePurchaseContracts2024-04-3004170048ns5:HirePurchaseContracts2023-04-3004170048ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3004170048ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3004170048ns5:WithinOneYear2024-04-3004170048ns5:WithinOneYear2023-04-3004170048ns5:BetweenOneFiveYears2024-04-3004170048ns5:BetweenOneFiveYears2023-04-3004170048ns5:AllPeriods2024-04-3004170048ns5:AllPeriods2023-04-3004170048ns5:Secured2024-04-3004170048ns5:Secured2023-04-3004170048ns10:OrdinaryShareClass12024-04-30
REGISTERED NUMBER: 04170048 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Heathrow Couriers (UK) Limited

Heathrow Couriers (UK) Limited (Registered number: 04170048)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Heathrow Couriers (UK) Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: M Heybourn





SECRETARY: Mrs D Heybourn





REGISTERED OFFICE: 4 Riverview
Walnut Tree Close
Guildford
Surrey
GU1 4UX





REGISTERED NUMBER: 04170048 (England and Wales)





ACCOUNTANTS: Bristow Burrell
4 Riverview
Walnut Tree Close
Guildford
Surrey
GU1 4UX

Heathrow Couriers (UK) Limited (Registered number: 04170048)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 140,912 61,617

CURRENT ASSETS
Debtors 5 203,260 213,195
Cash at bank 24,013 80,432
227,273 293,627
CREDITORS
Amounts falling due within one
year

6

164,774

177,555
NET CURRENT ASSETS 62,499 116,072
TOTAL ASSETS LESS CURRENT
LIABILITIES

203,411

177,689

CREDITORS
Amounts falling due after more
than one year

7

(116,965

)

(61,095

)

PROVISIONS FOR LIABILITIES (8,246 ) (10,812 )
NET ASSETS 78,200 105,782

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 78,100 105,682
SHAREHOLDERS' FUNDS 78,200 105,782

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Comprehensive Income has not been delivered.

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





M Heybourn - Director


Heathrow Couriers (UK) Limited (Registered number: 04170048)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Heathrow Couriers (UK) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Motor vehicles - 25% on reducing balance, 20% on cost and 20% on reducing balance
Computer equipment - 33% on cost

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Heathrow Couriers (UK) Limited (Registered number: 04170048)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 82,107 1,433 83,540
Additions 114,922 - 114,922
At 30 April 2024 197,029 1,433 198,462
DEPRECIATION
At 1 May 2023 21,630 292 21,922
Charge for year 35,155 473 35,628
At 30 April 2024 56,785 765 57,550
NET BOOK VALUE
At 30 April 2024 140,244 668 140,912
At 30 April 2023 60,477 1,141 61,618

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2023 82,107
Additions 114,922
Transfer to ownership (16,200 )
At 30 April 2024 180,829
DEPRECIATION
At 1 May 2023 21,630
Charge for year 31,105
Transfer to ownership (4,388 )
At 30 April 2024 48,347
NET BOOK VALUE
At 30 April 2024 132,482
At 30 April 2023 60,477

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 196,260 207,798
Other debtors 7,000 5,397
203,260 213,195

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 8,063 7,865
Hire purchase contracts (see note 8)
34,218

24,063
Trade creditors 102,117 87,085
Taxation and social security 15,841 49,359
Other creditors 4,535 9,183
164,774 177,555

Heathrow Couriers (UK) Limited (Registered number: 04170048)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 12,509 20,590
Hire purchase contracts (see note 8)
104,456

40,505
116,965 61,095

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.4.24 30.4.23
£    £   
Gross obligations repayable:
Within one year 50,121 27,678
Between one and five years 120,318 48,890
170,439 76,568

Finance charges repayable:
Within one year 15,903 3,615
Between one and five years 15,862 8,385
31,765 12,000

Net obligations repayable:
Within one year 34,218 24,063
Between one and five years 104,456 40,505
138,674 64,568

Non-cancellable operating leases
30.4.24 30.4.23
£    £   
Within one year 7,402 14,019
Between one and five years 13,560 20,961
20,962 34,980

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 20,572 28,455

The National Westminster Bank PLC holds a fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, uncalled capital, buildings, fixtures, fixed plant & machinery.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary 1 100 100

11. ULTIMATE CONTROLLING PARTY

The controlling party is M Heybourn.