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REGISTERED NUMBER: 06662927 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

The Heaton Cooper Studio Ltd

The Heaton Cooper Studio Ltd (Registered number: 06662927)






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


The Heaton Cooper Studio Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J.G. Heaton Cooper
Mrs O.M. Johnson
Mrs C.O.G Martin
Miss R. A. Heaton Cooper





SECRETARY: Mrs O.M. Johnson





REGISTERED OFFICE: Heaton Cooper Studio
Grasmere
Cumbria
LA22 9SX





REGISTERED NUMBER: 06662927 (England and Wales)





ACCOUNTANTS: A.F.McGhee & Co.
Chartered Accountants
1st Floor Offices,
54 Main Road
Windermere
Cumbria
LA23 1DX

The Heaton Cooper Studio Ltd (Registered number: 06662927)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 715 1,073
Tangible assets 4 99,832 81,473
100,547 82,546

CURRENT ASSETS
Stocks 211,480 192,398
Debtors 5 22,690 19,168
Cash at bank and in hand 208,884 234,167
443,054 445,733
CREDITORS
Amounts falling due within one year 6 202,706 185,273
NET CURRENT ASSETS 240,348 260,460
TOTAL ASSETS LESS CURRENT
LIABILITIES

340,895

343,006

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 340,795 342,906
SHAREHOLDERS' FUNDS 340,895 343,006

The Heaton Cooper Studio Ltd (Registered number: 06662927)

Balance Sheet - continued
31 December 2023


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.

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 24 September 2024 and were signed on its behalf by:





Miss R. A. Heaton Cooper - Director


The Heaton Cooper Studio Ltd (Registered number: 06662927)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. 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.

The financial statements have been prepared on a going concern basis due to the ongoing financial support of the company directors, and the holding company.

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

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.

Website are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% 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.

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.

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.

The Heaton Cooper Studio Ltd (Registered number: 06662927)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2022 - 22 ) .

3. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 7,278
AMORTISATION
At 1 January 2023 6,205
Charge for year 358
At 31 December 2023 6,563
NET BOOK VALUE
At 31 December 2023 715
At 31 December 2022 1,073

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1 January 2023 27,783 110,012 137,795
Additions 1,922 28,813 30,735
At 31 December 2023 29,705 138,825 168,530
DEPRECIATION
At 1 January 2023 - 56,322 56,322
Charge for year - 12,376 12,376
At 31 December 2023 - 68,698 68,698
NET BOOK VALUE
At 31 December 2023 29,705 70,127 99,832
At 31 December 2022 27,783 53,690 81,473

The Heaton Cooper Studio Ltd (Registered number: 06662927)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 19,495 15,300
Other debtors 3,195 3,868
22,690 19,168

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 27,500 37,500
Trade creditors 16,651 19,889
Amounts owed to group undertakings 86,800 60,729
Taxation and social security 48,614 39,330
Other creditors 23,141 27,825
202,706 185,273

7. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 27,500 37,500

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

There were no other transactions with the directors, other than those reflected through the directors' loan accounts, or those disclosed as related party transactions.

9. ULTIMATE CONTROLLING PARTY

All ordinary shares in the company are held by The Heaton Cooper Holding Company Limited (company number 0761600).