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REGISTERED NUMBER: 02366493 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2024

FOR

HEATH AND SINCLAIR LIMITED

HEATH AND SINCLAIR LIMITED (REGISTERED NUMBER: 02366493)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

HEATH AND SINCLAIR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2024







DIRECTORS: Mrs A M Everett
Mrs D Mitchell





SECRETARY: Mrs D Mitchell





REGISTERED OFFICE: 148 Commercial Road
Totton
Southampton
SO40 3AA





REGISTERED NUMBER: 02366493 (England and Wales)





ACCOUNTANTS: R A Vowles & Co
Chartered Accountants
148 Commercial Road
Totton
Southampton
Hampshire
S040 3AA

HEATH AND SINCLAIR LIMITED (REGISTERED NUMBER: 02366493)

BALANCE SHEET
28 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,916 5,400

CURRENT ASSETS
Stocks 5 2,100 1,820
Debtors 6 1,787 3,448
Cash at bank and in hand 10,121 8,489
14,008 13,757
CREDITORS
Amounts falling due within one year 7 18,472 14,995
NET CURRENT LIABILITIES (4,464 ) (1,238 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

452

4,162

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 352 4,062
SHAREHOLDERS' FUNDS 452 4,162

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 June 2024 and were signed on its behalf by:





Mrs A M Everett - Director


HEATH AND SINCLAIR LIMITED (REGISTERED NUMBER: 02366493)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

1. STATUTORY INFORMATION

Heath and Sinclair 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.

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 represents sales of services, excluding value added tax.

Turnover is recognised when the service is completed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to Leasehold premises - 10% on cost
Fixtures, fittings & equipment - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

HEATH AND SINCLAIR LIMITED (REGISTERED NUMBER: 02366493)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Improvements
to Fixtures,
Leasehold fittings Computer
premises & equipment equipment Totals
£    £    £    £   
COST
At 1 March 2023 11,705 21,477 709 33,891
Additions - 1,320 - 1,320
Disposals - (2,283 ) - (2,283 )
At 28 February 2024 11,705 20,514 709 32,928
DEPRECIATION
At 1 March 2023 8,193 19,716 582 28,491
Charge for year 1,171 539 32 1,742
Eliminated on disposal - (2,221 ) - (2,221 )
At 28 February 2024 9,364 18,034 614 28,012
NET BOOK VALUE
At 28 February 2024 2,341 2,480 95 4,916
At 28 February 2023 3,512 1,761 127 5,400

5. STOCKS
2024 2023
£    £   
Stocks 2,100 1,820

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments and accrued income 1,787 3,448

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 735 1,344
Social security and other taxes 1,346 756
VAT 7,505 5,028
Other creditors 8,611 7,592
Directors' current accounts 275 275
18,472 14,995

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary shares £1 100 100

HEATH AND SINCLAIR LIMITED (REGISTERED NUMBER: 02366493)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024

9. RESERVES
Retained
earnings
£   

At 1 March 2023 4,062
Deficit for the year (3,710 )
At 28 February 2024 352

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
HEATH AND SINCLAIR LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Heath and Sinclair Limited for the year ended 28 February 2024 which comprise the Income Statement, 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Heath and Sinclair Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Heath and Sinclair Limited and state those matters that we have agreed to state to the Board of Directors of Heath and Sinclair Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Heath and Sinclair Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Heath and Sinclair 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 Heath and Sinclair Limited. You consider that Heath and Sinclair Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Heath and Sinclair 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.






R A Vowles & Co
Chartered Accountants
148 Commercial Road
Totton
Southampton
Hampshire
S040 3AA


10 June 2024