HEARTSMITHS LTD

Company Registration Number:
09650525 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

HEARTSMITHS LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

HEARTSMITHS LTD

Balance sheet

As at 31 December 2023


Notes

2023

15 months to 31 December 2022


£

£
Fixed assets
Tangible assets: 3 474,494 286,619
Investments: 4 457,326 450,000
Total fixed assets: 931,820 736,619
Current assets
Stocks: 938,470 840,556
Debtors: 5 197,805 614,090
Cash at bank and in hand: 1,748,247 939,894
Total current assets: 2,884,522 2,394,540
Creditors: amounts falling due within one year: 6 (1,636,845) (1,865,453)
Net current assets (liabilities): 1,247,677 529,087
Total assets less current liabilities: 2,179,497 1,265,706
Creditors: amounts falling due after more than one year: 7 (320,941) (373,745)
Total net assets (liabilities): 1,858,556 891,961
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,858,456 891,861
Shareholders funds: 1,858,556 891,961

The notes form part of these financial statements

HEARTSMITHS LTD

Balance sheet statements

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 11 September 2024
and signed on behalf of the board by:

Name: MR MAHESH CHUGANI
Status: Director

The notes form part of these financial statements

HEARTSMITHS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

HEARTSMITHS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 15 months to 31 December 2022
Average number of employees during the period 32 22

HEARTSMITHS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 494,620
Additions 249,033
At 31 December 2023 743,653
Depreciation
At 01 January 2023 208,001
Charge for year 61,158
At 31 December 2023 269,159
Net book value
At 31 December 2023 474,494
At 31 December 2022 286,619

HEARTSMITHS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Fixed investments

THE COMPANY ACQUIRED FULL INTEREST IN A LEASE IN JRD VENTURES 1 LLP, A PROPERTY BUSINESS IN THE YEAR ENDED 30 SEPTEMBER 2020

HEARTSMITHS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Debtors

2023 15 months to 31 December 2022
££
Debtors due after more than one year: 0 0

HEARTSMITHS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due within one year note

TRADE CREDITORS - £716,101 BANK LOANS - £91,294 CORPORATION TAX - £294,260 OTHER TAXES AND SOCIAL SECURITY - £465,502 OTHER CREDITORS - £69,688

HEARTSMITHS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Creditors: amounts falling due after more than one year note

BANK LOANS - £120,941 OTHER CREDITORS - £200,000