Company Registration No. 9860586 (England and Wales)
HERITAGE DECORATING AND MAINTENANCE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024
PAGES FOR FILING WITH REGISTRAR
HERITAGE DECORATING AND MAINTENANCE LIMITED
COMPANY INFORMATION
Director
P Miell
Company number
9860586
Registered office
2 Glenwood Close
Stevenage
Herts
SG2 9QT
HERITAGE DECORATING AND MAINTENANCE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2
HERITAGE DECORATING AND MAINTENANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024
1
Accounting policies
Company information

Heritage Decorating and Maintenance Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2 Glenwood Close, Stevenage, Herts, SG2 9QT.

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 the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

HERITAGE DECORATING AND MAINTENANCE LIMITED
BALANCE SHEET
AS AT
31 MAY 2024
31 May 2024
- 1 -
2024
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
2
-
0
3,583
Current assets
Stock and work in progress
-
970
Debtors
3
14,928
26,457
Cash at bank and in hand
21,923
22,014
36,851
49,441
Creditors: amounts falling due within one year
4
(38,412)
(22,407)
Net current (liabilities)/assets
(1,561)
27,034
Total assets less current liabilities
(1,561)
30,617
Capital and reserves
Called up share capital
5
1
1
Profit and loss reserves
(1,562)
30,616
Total equity
(1,561)
30,617

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

For the financial period ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Director's responsibilities:

 

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

The financial statements were approved and signed by the director and authorised for issue on 22 August 2024
P Miell
Director
Company Registration No. 9860586
HERITAGE DECORATING AND MAINTENANCE LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024
31 May 2024
- 2 -
2
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022
9,557
Disposals
(9,557)
At 31 May 2024
-
0
Depreciation and impairment
At 1 December 2022
4,780
Eliminated in respect of disposals
(4,780)
At 31 May 2024
-
0
Carrying amount
At 31 May 2024
-
0
At 30 November 2022
3,583
3
Debtors
2024
2022
Amounts falling due within one year:
£
£
Trade debtors
14,928
26,457
4
Creditors: amounts falling due within one year
2024
2022
£
£
Trade creditors
-
0
349
Corporation tax
-
0
1,404
Other taxation and social security
7,352
15,545
Other creditors
31,060
5,109
38,412
22,407
5
Called up share capital
2024
2022
£
£
Ordinary share capital
Authorised
100 Ordinary of £1 each
100
100
Issued and fully paid
1 Ordinary of £1 each
1
1
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