Registered number
09896180
P A Heighton Ltd
Filleted Accounts
31 December 2023
P A Heighton Ltd
Registered number: 09896180
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 49,311 65,748
Current assets
Debtors 4 21,794 40,667
Cash at bank and in hand 50,361 10,403
72,155 51,070
Creditors: amounts falling due within one year 5 (20,571) (22,620)
Net current assets 51,584 28,450
Total assets less current liabilities 100,895 94,198
Creditors: amounts falling due after more than one year 6 (48,215) (57,425)
Net assets 52,680 36,773
Capital and reserves
Called up share capital 1 1
Profit and loss account 52,679 36,772
Shareholder's funds 52,680 36,773
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P A Heighton
Director
Approved by the board on 10 April 2024
P A Heighton Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 January 2023 82,185
At 31 December 2023 82,185
Depreciation
At 1 January 2023 16,437
Charge for the year 16,437
At 31 December 2023 32,874
Net book value
At 31 December 2023 49,311
At 31 December 2022 65,748
4 Debtors 2023 2022
£ £
Trade debtors 1,795 6,400
Other debtors 19,999 34,267
21,794 40,667
5 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 12,750 12,750
Taxation and social security costs 7,822 9,871
Other creditors (1) (1)
20,571 22,620
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 48,215 57,425
7 Other information
P A Heighton Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Woodways
Balcombe Road
Crawley
RH10 7SY
P A Heighton Ltd 09896180 false 2023-01-01 2023-12-31 2023-12-31 VT Final Accounts July 2024 P A Heighton No description of principal activity 09896180 2022-01-01 2022-12-31 09896180 core:WithinOneYear 2022-12-31 09896180 core:AfterOneYear 2022-12-31 09896180 core:ShareCapital 2022-12-31 09896180 core:RetainedEarningsAccumulatedLosses 2022-12-31 09896180 2023-01-01 2023-12-31 09896180 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09896180 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 09896180 bus:Director40 2023-01-01 2023-12-31 09896180 1 2023-01-01 2023-12-31 09896180 2 2023-01-01 2023-12-31 09896180 core:Vehicles 2023-01-01 2023-12-31 09896180 countries:England 2023-01-01 2023-12-31 09896180 bus:FRS102 2023-01-01 2023-12-31 09896180 bus:FilletedAccounts 2023-01-01 2023-12-31 09896180 2023-12-31 09896180 core:WithinOneYear 2023-12-31 09896180 core:AfterOneYear 2023-12-31 09896180 core:ShareCapital 2023-12-31 09896180 core:RetainedEarningsAccumulatedLosses 2023-12-31 09896180 core:Vehicles 2023-12-31 09896180 2022-12-31 09896180 core:Vehicles 2022-12-31 iso4217:GBP xbrli:pure