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REGISTERED NUMBER: 05894327 (England and Wales)









HOLT HEATH BUSINESS SOLUTIONS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






HOLT HEATH BUSINESS SOLUTIONS LTD (REGISTERED NUMBER: 05894327)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


HOLT HEATH BUSINESS SOLUTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr G A Timlin
Mrs J L Timlin



SECRETARY: Mrs J L Timlin



REGISTERED OFFICE: 18 Woodbury Park
Holt Heath
Worcester
Worcestershire
WR6 6NT



REGISTERED NUMBER: 05894327 (England and Wales)



ACCOUNTANTS: Gardiner Fosh
Chartered Accountants
31 St John's
Worcester
Worcestershire
WR2 5AG



BANKERS: Lloyds Bank plc
4 The Cross
Worcester
Worcestershire
WR1 3PY

HOLT HEATH BUSINESS SOLUTIONS LTD (REGISTERED NUMBER: 05894327)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,602 68,268

CURRENT ASSETS
Debtors 5 81 10,500
Cash at bank 37,548 100,670
37,629 111,170
CREDITORS
Amounts falling due within one year 6 22,146 55,015
NET CURRENT ASSETS 15,483 56,155
TOTAL ASSETS LESS CURRENT LIABILITIES 52,085 124,423

CREDITORS
Amounts falling due after more than one year 7 (44,143 ) (76,844 )

PROVISIONS FOR LIABILITIES 8 (6,954 ) (15,019 )
NET ASSETS 988 32,560

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 978 32,550
SHAREHOLDERS' FUNDS 988 32,560

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.

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 16 October 2024 and were signed on its behalf by:





Mr G A Timlin - Director


HOLT HEATH BUSINESS SOLUTIONS LTD (REGISTERED NUMBER: 05894327)

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

1. STATUTORY INFORMATION

Holt Heath Business Solutions Ltd 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 represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has been only partially completed at the balance sheet date, turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

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.

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 2 (2023 - 2 ) .

HOLT HEATH BUSINESS SOLUTIONS LTD (REGISTERED NUMBER: 05894327)

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

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 87,685 5,083 92,768
Disposals (30,495 ) (5,083 ) (35,578 )
At 31 March 2024 57,190 - 57,190
DEPRECIATION
At 1 April 2023 22,416 2,084 24,500
Charge for year 9,150 - 9,150
Eliminated on disposal (10,978 ) (2,084 ) (13,062 )
At 31 March 2024 20,588 - 20,588
NET BOOK VALUE
At 31 March 2024 36,602 - 36,602
At 31 March 2023 65,269 2,999 68,268

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 10,500
Other debtors 81 -
81 10,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,500 7,500
Hire purchase contracts 6,621 10,837
Taxation and social security 7,340 27,075
Other creditors 685 9,603
22,146 55,015

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 10,000 17,500
Hire purchase contracts 34,143 59,344
44,143 76,844

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 6,954 15,019

HOLT HEATH BUSINESS SOLUTIONS LTD (REGISTERED NUMBER: 05894327)

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

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 15,019
Accelerated capital allowances (8,065 )
Balance at 31 March 2024 6,954

9. RELATED PARTY DISCLOSURES

Included within other creditors is an amount due to the directors, G. A. and Mrs. J. Timlin, of £83 (2023 - £974) which is interest-free and repayable on demand.