Registered number: 05814243 | ||||||||
FOR THE YEAR ENDED 31 DECEMBER 2023 | ||||||||
Prepared By: | ||||||||
Unsworth's Accountancy Services Ltd | ||||||||
Chartered Certified | ||||||||
39 Stockwell Road | ||||||||
East Grinstead | ||||||||
West Sussex | ||||||||
RH19 4BD |
Hearnden Associates Ltd | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 DECEMBER 2023 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
Surrey | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in , registered number 05814243 | ||||||||
ACCOUNTANTS | ||||||||
Unsworth's Accountancy Services Ltd | ||||||||
Chartered Certified | ||||||||
39 Stockwell Road | ||||||||
East Grinstead | ||||||||
West Sussex | ||||||||
RH19 4BD |
Hearnden Associates Ltd | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31 DECEMBER 2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Hearnden Associates Ltd | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 3 | |||||||||
Cash at bank and in hand | ||||||||||
1,805,632 | 1,732,565 | |||||||||
CREDITORS: Amounts falling due within one year | 4 | |||||||||
NET CURRENT ASSETS | 1,550,401 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 6 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 7 | |||||||||
Share premium account | 8 | |||||||||
Profit and loss account | 1,592,412 | 1,554,711 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Hearnden Associates Ltd | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31 DECEMBER 2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Plant and Machinery | 25% | |||||||
Fixtures and Fittings | 25% | |||||||
Equipment | 33% |
1c. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
1d. Leasing Commitments | ||||||||
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis. |
1e. Turnover | ||||||||
Turnover represents the invoiced value of services supplied by the company throughout the period. |
1f. Leases | ||||||||
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term. |
Hearnden Associates Ltd | ||||||||
2. TANGIBLE FIXED ASSETS | ||||||||
Plant and | Fixtures | |||||||
Machinery | and Fittings | Equipment | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 1 January 2023 | 16,874 | 9,365 | 18,944 | 45,183 | ||||
Additions | - | 538 | 3,241 | 3,779 | ||||
Disposals | (13,800) | - | (16,221) | (30,021) | ||||
At 31 December 2023 | 3,074 | 9,903 | 5,964 | 18,941 | ||||
Depreciation | ||||||||
At 1 January 2023 | 6,524 | 7,588 | 17,366 | 31,478 | ||||
Disposals | (3,450) | - | (15,978) | (19,428) | ||||
For the year | - | 1,385 | 1,988 | 3,373 | ||||
At 31 December 2023 | 3,074 | 8,973 | 3,376 | 15,423 | ||||
Net Book Amounts | ||||||||
At 31 December 2023 | 3,518 | |||||||
At 31 December 2022 | 13,705 | |||||||
3. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 40,724 | 38,526 | ||||||
s.455 tax repayable | 2,836 | 2,836 | ||||||
Staff loans | 61,513 | 71,408 | ||||||
Amounts due from group companies | 20 | 20 | ||||||
Prepayments | 9,808 | 12,904 | ||||||
Accrued income | 2,500 | 2,500 | ||||||
Directors current account | 32,120 | 5,760 | ||||||
Directors current account | 2,744 | 2,744 | ||||||
152,265 | 136,698 | |||||||
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
UK corporation tax | 175,263 | 147,945 | ||||||
PAYE control | 16 | 1,916 | ||||||
Salaries and wages control | 64 | - | ||||||
Trade creditors | 31,073 | 29,411 | ||||||
Pension schemes | 1,737 | 1,974 | ||||||
Accruals | 918 | 918 | ||||||
209,071 | 182,164 | |||||||
Hearnden Associates Ltd | ||||||||
5. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 16 | |||||
6. PROVISIONS FOR LIABILITIES | 2023 | 2022 | ||||||
£ | £ | |||||||
Deferred taxation | 837 | 2,565 | ||||||
837 | 2,565 | |||||||
7. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
100 | 100 | |||||||
100 | 100 | |||||||
10 | 10 | |||||||
20 | 20 | |||||||
330 | 330 | |||||||
New shares issued during period: | ||||||||
20 | 20 | 20 | ||||||
8. SHARE PREMIUM ACCOUNT | 2023 | 2022 | ||||
£ | £ | |||||
Share premium account | 6,500 | 6,500 |
9. OTHER FINANCIAL COMMITMENTS | ||||||||
At 31 December 2023 the company was committed to making the following payments under non-cancellable operating leases: | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Operating Leases which expire: | ||||||||
Within one year | - | 2,840 | ||||||
Hearnden Associates Ltd | ||||||||
10. CONTROLLING PARTY | ||||||||
There is no one controlling party as the two directors only own approximately on 50% of the share capital each via direct ownership or via their ownership of Path Property Ltd. | ||||||||
11. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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12. COMPANY SHARE BUY BACK | ||||||||
During the year, the company paid the final instalment re a previous director's shares for the amount of £57,894 (2022: £57,894 was paid). This has been adjusted through the retained profit account. | ||||||||