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Registration number: 02534978

Heathrow Plant (Services) Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 July 2023

 

Heathrow Plant (Services) Ltd

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

Heathrow Plant (Services) Ltd

Company Information

Director

Cyril Lewis Maxwell

Registered office

Gutteridge Works
Western Avenue
Hillingdon
Uxbridge
Middlesex
UB10 9AP

Accountants

Ross + Partners
Chartered Certified Accountants
Suite 1B1 Argyle House
Northside
Joel Street
Northwood Hills
HA6 1NW

 

Heathrow Plant (Services) Ltd

(Registration number: 02534978)
Abridged Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

3

391,911

442,385

Current assets

 

Stocks

500

500

Debtors

205,249

197,555

Cash at bank and in hand

 

31,230

23,588

 

236,979

221,643

Creditors: Amounts falling due within one year

(292,662)

(292,724)

Net current liabilities

 

(55,683)

(71,081)

Total assets less current liabilities

 

336,228

371,304

Creditors: Amounts falling due after more than one year

(9,519)

-

Provisions for liabilities

(97,978)

(84,053)

Net assets

 

228,731

287,251

Capital and reserves

 

Called up share capital

100

100

Retained earnings

228,631

287,151

Shareholders' funds

 

228,731

287,251

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 30 August 2024
 

 

Heathrow Plant (Services) Ltd

(Registration number: 02534978)
Abridged Balance Sheet as at 31 July 2023

.........................................
Cyril Lewis Maxwell
Director

   
     
 

Heathrow Plant (Services) Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

 

Heathrow Plant (Services) Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and Buildings Freehold

No depreciation and 10% straight line basis

Plant and machinery

10% straight line basis

Fixture, fittings and equipment

15% reducing balance basis

Motor vehicles

15% straight line basis

Stocks

stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2022 - 4).

 

Heathrow Plant (Services) Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023

3

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
 £

Cost or valuation

At 1 August 2022

52,381

16,476

1,084,890

43,120

Additions

-

-

55,037

-

At 31 July 2023

52,381

16,476

1,139,927

43,120

Depreciation

At 1 August 2022

2,768

12,743

713,221

25,750

Charge for the year

-

560

98,483

6,468

At 31 July 2023

2,768

13,303

811,704

32,218

Carrying amount

At 31 July 2023

49,613

3,173

328,223

10,902

At 31 July 2022

49,613

3,733

371,669

17,370

Total
£

Cost or valuation

At 1 August 2022

1,196,867

Additions

55,037

At 31 July 2023

1,251,904

Depreciation

At 1 August 2022

754,482

Charge for the year

105,511

At 31 July 2023

859,993

Carrying amount

At 31 July 2023

391,911

At 31 July 2022

442,385

Included within the net book value of land and buildings above is £49,613 (2022 - £49,613) in respect of freehold land and buildings.
 

4

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100