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REGISTERED NUMBER: 06033222 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

LONDON HEARTS AERIAL SERVICES LTD

LONDON HEARTS AERIAL SERVICES LTD (REGISTERED NUMBER: 06033222)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


LONDON HEARTS AERIAL SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: T Perkins
G Perkins





REGISTERED OFFICE: 120 Ware Road
Hoddesdon
Hertfordshire
EN11 9EU





REGISTERED NUMBER: 06033222 (England and Wales)





ACCOUNTANTS: UCS Accountants
266-268 High Street
Waltham Cross
Hertfordshire
EN8 7EA

LONDON HEARTS AERIAL SERVICES LTD (REGISTERED NUMBER: 06033222)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 116,197 126,637

CURRENT ASSETS
Stocks 5 490 420
Debtors 6 170,756 8,314
Cash at bank and in hand 226,619 179,223
397,865 187,957
CREDITORS
Amounts falling due within one year 7 215,502 110,383
NET CURRENT ASSETS 182,363 77,574
TOTAL ASSETS LESS CURRENT
LIABILITIES

298,560

204,211

CREDITORS
Amounts falling due after more than one
year

8

48,858

49,408
NET ASSETS 249,702 154,803

CAPITAL AND RESERVES
Called up share capital 10 6 6
Retained earnings 11 249,696 154,797
SHAREHOLDERS' FUNDS 249,702 154,803

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

LONDON HEARTS AERIAL SERVICES LTD (REGISTERED NUMBER: 06033222)

BALANCE SHEET - continued
31 DECEMBER 2023


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 30 August 2024 and were signed on its behalf by:





T Perkins - Director


LONDON HEARTS AERIAL SERVICES LTD (REGISTERED NUMBER: 06033222)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

London Hearts Aerial Services Ltd 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.

SIGNIFICANT JUDGEMENTS AND ESTIMATES
Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these judgement and estimates have been made include:

a - Critical judgements in applying accounting policies
There are no critical judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

b - Key accounting estimates and assumptions
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. There are no key estimates and assumptions that have significant potential impact upon the carrying values of assets and liabilities.

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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% 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.

LONDON HEARTS AERIAL SERVICES LTD (REGISTERED NUMBER: 06033222)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

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 (other than those wholly repayable or receivable within one year), including loans and other debtors and creditors, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade creditors or debtors, are measured, initially and subsequently, at the undiscounted amount of the cash and other consideration, expected to be paid or received.

However if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised are assessed at the end of each reporting
period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

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.

CASH AND CASH EQUIVALENTS
Cash and cash equivalents include cash in hand and at bank. Bank overdrafts are shown within borrowings in current liabilities.

LONDON HEARTS AERIAL SERVICES LTD (REGISTERED NUMBER: 06033222)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 113,664 27,690 97,307 11,001 249,662
Additions - - 39,832 335 40,167
Disposals - - (38,816 ) - (38,816 )
At 31 December 2023 113,664 27,690 98,323 11,336 251,013
DEPRECIATION
At 1 January 2023 42,017 21,868 49,295 9,845 123,025
Charge for year 14,329 1,164 9,835 437 25,765
Eliminated on disposal - - (13,974 ) - (13,974 )
At 31 December 2023 56,346 23,032 45,156 10,282 134,816
NET BOOK VALUE
At 31 December 2023 57,318 4,658 53,167 1,054 116,197
At 31 December 2022 71,647 5,822 48,012 1,156 126,637

5. STOCKS
31.12.23 31.12.22
£    £   
Closing stock and WIP 490 420

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 56,212 3,500
Other debtors 27,517 2,700
Directors' current accounts 73,531 -
VAT 13,496 2,114
170,756 8,314

LONDON HEARTS AERIAL SERVICES LTD (REGISTERED NUMBER: 06033222)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts (see note 9) 9,885 9,849
Hire purchase contracts 12,618 10,355
Trade creditors 35,344 8,406
Tax 146,536 69,285
Social security and other taxes 5,681 6,888
Pension liabilities 38 235
Accrued expenses 5,400 5,365
215,502 110,383

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans (see note 9) 14,039 24,318
Hire purchase contracts 34,819 25,090
48,858 49,408

9. LOANS

An analysis of the maturity of loans is given below:

31.12.23 31.12.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 9,885 9,849

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,122 9,885

Amounts falling due between two and five years:
Bank loans - 2-5 years 3,917 14,433

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
2 Ordinary A £1 2 2
4 Ordinary B £1 4 4
6 6

LONDON HEARTS AERIAL SERVICES LTD (REGISTERED NUMBER: 06033222)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


11. RESERVES
Retained
earnings
£   

At 1 January 2023 154,797
Profit for the year 394,899
Dividends (300,000 )
At 31 December 2023 249,696

12. ULTIMATE CONTROLLING PARTY

The company was under the control of T Perkins and G Perkins throughout the current year, by virtue of ownership of the issued Ordinary A share capital.