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REGISTERED NUMBER: 05585500 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Heron Contracting Limited

Heron Contracting Limited (Registered number: 05585500)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Heron Contracting Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr H Heron
Mr R Heron





SECRETARY: Mrs D Heron





REGISTERED OFFICE: Units 4 & 5 Bridge Road Business Park
Bridge Road
Brompton on Swale
Richmond
North Yorkshire
DL10 7HB





REGISTERED NUMBER: 05585500 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

Heron Contracting Limited (Registered number: 05585500)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 5 27,250 32,500
Tangible assets 6 107,993 93,659
135,243 126,159

CURRENT ASSETS
Stocks 80,880 55,000
Debtors 7 130,566 219,273
Cash at bank and in hand 317,620 255,287
529,066 529,560
CREDITORS
Amounts falling due within one year 8 (155,523 ) (213,970 )
NET CURRENT ASSETS 373,543 315,590
TOTAL ASSETS LESS CURRENT
LIABILITIES

508,786

441,749

CREDITORS
Amounts falling due after more than one
year

9

(29,224

)

(35,776

)

PROVISIONS FOR LIABILITIES (24,984 ) (21,389 )
NET ASSETS 454,578 384,584

CAPITAL AND RESERVES
Called up share capital 11 182 182
Share premium 124,918 124,918
Retained earnings 329,478 259,484
SHAREHOLDERS' FUNDS 454,578 384,584

Heron Contracting Limited (Registered number: 05585500)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:





Mr R Heron - Director


Heron Contracting Limited (Registered number: 05585500)

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

1. STATUTORY INFORMATION

Heron Contracting 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 and functional currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis under the historical cost convention.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents amounts earned on goods and services provided during the year and derives from the provision of goods falling within the company's ordinary activities.

Goodwill
Goodwill is being amortised evenly over its estimated useful life of twenty 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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

All fixed assets are initially recorded at cost.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Heron Contracting Limited (Registered number: 05585500)

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

3. ACCOUNTING POLICIES - continued

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 14 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 105,000
AMORTISATION
At 1 January 2023 72,500
Amortisation for year 5,250
At 31 December 2023 77,750
NET BOOK VALUE
At 31 December 2023 27,250
At 31 December 2022 32,500

Heron Contracting Limited (Registered number: 05585500)

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

6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 8,959 5,897 195,680 210,536
Additions 600 13,958 27,194 41,752
At 31 December 2023 9,559 19,855 222,874 252,288
DEPRECIATION
At 1 January 2023 4,169 3,644 109,064 116,877
Charge for year 1,104 3,076 23,238 27,418
At 31 December 2023 5,273 6,720 132,302 144,295
NET BOOK VALUE
At 31 December 2023 4,286 13,135 90,572 107,993
At 31 December 2022 4,790 2,253 86,616 93,659

Included within the net book value of £90,572 is £40,528 (2022 - £36,656) relating to assets held under hire purchase agreements. The depreciation charged to the financial statements in the year in respect of such assets amounted to £5,676 (2022 - £7,379).

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 98,168 162,277
Other debtors 32,398 56,996
130,566 219,273

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 19,090 13,202
Trade creditors 63,652 135,705
Taxation and social security 56,190 40,947
Other creditors 6,591 14,116
155,523 213,970

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 15,783 25,652
Hire purchase contracts 13,441 10,124
29,224 35,776

Heron Contracting Limited (Registered number: 05585500)

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

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 32,531 23,326

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
90 Ordinary A £1 90 90
45 Ordinary B £1 45 45
37 Ordinary C £1 37 37
10 Ordinary D £1 10 10
182 182