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REGISTERED NUMBER: 09404266 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

NEW HEATH AUTOS LIMITED

NEW HEATH AUTOS LIMITED (REGISTERED NUMBER: 09404266)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NEW HEATH AUTOS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: R Hansford
M R Hansford





REGISTERED OFFICE: 115c Milton Road
Cambridge
CB4 1XE





REGISTERED NUMBER: 09404266 (England and Wales)





ACCOUNTANTS: Prentis & Co LLP
Chartered Accountants
115c Milton Road
Cambridge
CB4 1XE

NEW HEATH AUTOS LIMITED (REGISTERED NUMBER: 09404266)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,000 6,000
Tangible assets 5 46,838 40,661
49,838 46,661

CURRENT ASSETS
Stock and work in progress 30,000 30,000
Debtors 6 11,767 10,178
Cash at bank and in hand 71,375 94,462
113,142 134,640
CREDITORS
Amounts falling due within one year 7 60,697 59,144
NET CURRENT ASSETS 52,445 75,496
TOTAL ASSETS LESS CURRENT
LIABILITIES

102,283

122,157

CREDITORS
Amounts falling due after more than one
year

8

-

(10,933

)

PROVISIONS FOR LIABILITIES (6,442 ) (6,069 )
NET ASSETS 95,841 105,155

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 95,741 105,055
SHAREHOLDERS' FUNDS 95,841 105,155

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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

NEW HEATH AUTOS LIMITED (REGISTERED NUMBER: 09404266)

BALANCE SHEET - continued
31 MARCH 2024


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 Profit and Loss Account has not been delivered.

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





M R Hansford - Director


NEW HEATH AUTOS LIMITED (REGISTERED NUMBER: 09404266)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

New Heath Autos 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on cost
Motor vehicles - 25% on cost

Stocks
Stock and work in progress 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 Profit and Loss Account, 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.

NEW HEATH AUTOS LIMITED (REGISTERED NUMBER: 09404266)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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 6 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 30,000
AMORTISATION
At 1 April 2023 24,000
Amortisation for year 3,000
At 31 March 2024 27,000
NET BOOK VALUE
At 31 March 2024 3,000
At 31 March 2023 6,000

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 71,544 52,950 124,494
Additions 7,016 13,693 20,709
At 31 March 2024 78,560 66,643 145,203
DEPRECIATION
At 1 April 2023 35,443 48,390 83,833
Charge for year 8,799 5,733 14,532
At 31 March 2024 44,242 54,123 98,365
NET BOOK VALUE
At 31 March 2024 34,318 12,520 46,838
At 31 March 2023 36,101 4,560 40,661

NEW HEATH AUTOS LIMITED (REGISTERED NUMBER: 09404266)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 760 7,277
Other debtors 7,200 -
Prepayments 3,807 2,901
11,767 10,178

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,813 11,220
Trade creditors 15,478 16,427
Tax 9,854 12,013
Social security and other taxes 4,096 3,142
VAT 10,364 2,330
Directors' current accounts 8,152 12,152
Accruals 1,940 1,860
60,697 59,144

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years - 10,933

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £38,800 (2023 - £68,200) were paid to the directors .

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M Hansford by virtue of his 75% ownership of the issued ordinary share capital of the company.