Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.2023-04-01falseNo description of principal activity4239truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02447169 2023-04-01 2024-03-31 02447169 2022-04-01 2023-03-31 02447169 2024-03-31 02447169 2023-03-31 02447169 c:CompanySecretary1 2023-04-01 2024-03-31 02447169 c:Director1 2023-04-01 2024-03-31 02447169 c:Director3 2023-04-01 2024-03-31 02447169 c:RegisteredOffice 2023-04-01 2024-03-31 02447169 d:PlantMachinery 2023-04-01 2024-03-31 02447169 d:PlantMachinery 2024-03-31 02447169 d:PlantMachinery 2023-03-31 02447169 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02447169 d:MotorVehicles 2023-04-01 2024-03-31 02447169 d:MotorVehicles 2024-03-31 02447169 d:MotorVehicles 2023-03-31 02447169 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02447169 d:OfficeEquipment 2023-04-01 2024-03-31 02447169 d:OfficeEquipment 2024-03-31 02447169 d:OfficeEquipment 2023-03-31 02447169 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02447169 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02447169 d:CurrentFinancialInstruments 2024-03-31 02447169 d:CurrentFinancialInstruments 2023-03-31 02447169 d:Non-currentFinancialInstruments 2024-03-31 02447169 d:Non-currentFinancialInstruments 2023-03-31 02447169 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 02447169 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 02447169 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 02447169 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 02447169 d:ShareCapital 2024-03-31 02447169 d:ShareCapital 2023-03-31 02447169 d:RetainedEarningsAccumulatedLosses 2024-03-31 02447169 d:RetainedEarningsAccumulatedLosses 2023-03-31 02447169 c:OrdinaryShareClass1 2023-04-01 2024-03-31 02447169 c:OrdinaryShareClass1 2024-03-31 02447169 c:FRS102 2023-04-01 2024-03-31 02447169 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 02447169 c:FullAccounts 2023-04-01 2024-03-31 02447169 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02447169 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-04-01 2024-03-31 02447169 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-03-31 02447169 2 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 02447169









HERITAGE CONTRACT SERVICES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
HERITAGE CONTRACT SERVICES LIMITED
 
 
COMPANY INFORMATION


Directors
R.J. Bond 
J. Ferrier 




Company secretary
J. Ferrier



Registered number
02447169



Registered office
Suite 211
Kirkham House

5 Whiffler Road

Norwich

Norfolk

NR3 2AG




Accountants
MA Partners LLP
Chartered Accountants

7 The Close

Norwich

Norfolk

NR1 4DJ





 
HERITAGE CONTRACT SERVICES LIMITED
 

CONTENTS



Page
Accountants' report
 
 
1
Balance sheet
 
 
2 - 3
Notes to the financial statements
 
 
4 - 9


 
HERITAGE CONTRACT SERVICES LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF HERITAGE CONTRACT SERVICES LIMITED
FOR THE YEAR ENDED 31 MARCH 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Heritage Contract Services Limited for the year ended 31 March 2024 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Heritage Contract Services Limited in accordance with the terms of our engagement letter dated 25 February 2020Our work has been undertaken solely to prepare for your approval the financial statements of Heritage Contract Services Limited and state those matters that we have agreed to state to the director of Heritage Contract Services Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Heritage Contract Services Limited and its director for our work or for this report. 

It is your duty to ensure that Heritage Contract Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Heritage Contract Services Limited. You consider that Heritage Contract Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Heritage Contract Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ

23 August 2024
Page 1

 
HERITAGE CONTRACT SERVICES LIMITED
REGISTERED NUMBER: 02447169

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,432
4,027

  
2,432
4,027

Current assets
  

Stocks
  
41,644
64,030

Debtors: amounts falling due within one year
 5 
34,129
28,174

  
75,773
92,204

Creditors: amounts falling due within one year
 6 
(62,167)
(71,363)

Net current assets
  
 
 
13,606
 
 
20,841

Total assets less current liabilities
  
16,038
24,868

Creditors: amounts falling due after more than one year
 7 
-
(5,221)

Provisions for liabilities
  

Deferred tax
  
(273)
(502)

  
 
 
(273)
 
 
(502)

Net assets
  
15,765
19,145


Capital and reserves
  

Called up share capital 
  
15,000
15,000

Profit and loss account
  
765
4,145

  
15,765
19,145


Page 2

 
HERITAGE CONTRACT SERVICES LIMITED
REGISTERED NUMBER: 02447169
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 August 2024.






R.J. Bond
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
HERITAGE CONTRACT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The Company is a private company limited by shares. It is both incorporated and domiciled in England and Wales. The address of its registered office is 15 Fieldhouse Gardens, Diss, Norfolk, IP22 4PH.
The Company's principal activity is that of office and industrial cleaning and the Company's principal place of business is Norfolk

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have considered a period of twelve months from the date of approval of the financial statements. They consider that projected income together with current cash reserves will be more than adequate for the company's needs. As such they believe that the financial statements should be prepared on the going concern basis.

 
2.3

Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts. 

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
HERITAGE CONTRACT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant & machinery
-
25% straight-line
Motor vehicles
-
25% straight-line
Office equipment
-
25%-33% straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
HERITAGE CONTRACT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. 

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.


3.


Employees

The average monthly number of employees, including directors, during the year was 42 (2023 - 39).

Page 6

 
HERITAGE CONTRACT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Plant & machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2023
4,752
9,120
6,391
20,263


Additions
120
-
-
120


Disposals
(1,258)
-
(2,164)
(3,422)



At 31 March 2024

3,614
9,120
4,227
16,961



Depreciation


At 1 April 2023
4,220
5,889
6,127
16,236


Charge for the year on owned assets
242
1,337
126
1,705


Disposals
(1,253)
-
(2,159)
(3,412)



At 31 March 2024

3,209
7,226
4,094
14,529



Net book value



At 31 March 2024
405
1,894
133
2,432



At 31 March 2023
532
3,231
264
4,027

Page 7

 
HERITAGE CONTRACT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
23,875
14,836

Other debtors
10,254
9,783

Prepayments and accrued income
-
3,555

34,129
28,174



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
4,073
3,973

Other loans
5,223
4,073

Trade creditors
18,583
25,158

Other taxation and social security
26,765
26,260

Other creditors
38
-

Accruals and deferred income
7,485
11,899

62,167
71,363



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
-
5,221

-
5,221



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



15,000 Ordinary shares of £1.00 each
15,000
15,000


Page 8

 
HERITAGE CONTRACT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Related party transactions

As at 31 March 2024, the balance due from the Company to one of the directors was £38 (2023: £nil). 

 
Page 9