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REGISTERED NUMBER: 06841822 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2023

for

HEART BUSINESS SYSTEMS LIMITED

HEART BUSINESS SYSTEMS LIMITED (REGISTERED NUMBER: 06841822)

Contents of the Financial Statements
for the Year Ended 31st March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

HEART BUSINESS SYSTEMS LIMITED

Company Information
for the Year Ended 31st March 2023







DIRECTORS: Mr D A Jarrett
Mr G D Roberts
Mr P Moore





REGISTERED OFFICE: 4 Clews Road
Redditch
Worcestershire
B98 7ST





REGISTERED NUMBER: 06841822 (England and Wales)





ACCOUNTANTS: Hayward Wright Ltd
4 Clews Road
Redditch
Worcestershire
B98 7ST

HEART BUSINESS SYSTEMS LIMITED (REGISTERED NUMBER: 06841822)

Balance Sheet
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 20 27
Investments 6 4,000 4,000
4,020 4,027

CURRENT ASSETS
Debtors 7 127,381 234,785
Cash in hand 200 200
127,581 234,985
CREDITORS
Amounts falling due within one year 8 346,959 236,837
NET CURRENT LIABILITIES (219,378 ) (1,852 )
TOTAL ASSETS LESS CURRENT LIABILITIES (215,358 ) 2,175

CREDITORS
Amounts falling due after more than one
year

9

38,107

42,952
NET LIABILITIES (253,465 ) (40,777 )

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings (253,565 ) (40,877 )
SHAREHOLDERS' FUNDS (253,465 ) (40,777 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

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

HEART BUSINESS SYSTEMS LIMITED (REGISTERED NUMBER: 06841822)

Balance Sheet - continued
31st March 2023


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 29th October 2024 and were signed on its behalf by:




Mr D A Jarrett - Director



Mr G D Roberts - Director


HEART BUSINESS SYSTEMS LIMITED (REGISTERED NUMBER: 06841822)

Notes to the Financial Statements
for the Year Ended 31st March 2023


1. STATUTORY INFORMATION

Heart Business Systems 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.

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 0, is being amortised evenly over its estimated useful life of nil 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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.

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.

HEART BUSINESS SYSTEMS LIMITED (REGISTERED NUMBER: 06841822)

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


2. ACCOUNTING POLICIES - continued

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 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2022
and 31st March 2023 4,258
AMORTISATION
At 1st April 2022
and 31st March 2023 4,258
NET BOOK VALUE
At 31st March 2023 -
At 31st March 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st April 2022
and 31st March 2023 483 13,540 14,023
DEPRECIATION
At 1st April 2022 456 13,540 13,996
Charge for year 7 - 7
At 31st March 2023 463 13,540 14,003
NET BOOK VALUE
At 31st March 2023 20 - 20
At 31st March 2022 27 - 27

HEART BUSINESS SYSTEMS LIMITED (REGISTERED NUMBER: 06841822)

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


6. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1st April 2022
and 31st March 2023 4,000
NET BOOK VALUE
At 31st March 2023 4,000
At 31st March 2022 4,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 13,621 139,927
Other debtors - 1,760
Directors' loan accounts 72,729 67,500
Tax 23,993 23,993
VAT 15,435 -
Deferred tax asset 1,603 1,605
127,381 234,785

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 10) 20,276 15,989
Trade creditors 43,213 56,511
Tax 16,693 14,928
Social security and other taxes 84,587 84,029
VAT - 42,271
Other creditors 152,906 23,109
Directors' loan accounts 29,284 -
346,959 236,837

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 10) 38,107 42,952

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 22,280 21,849

HEART BUSINESS SYSTEMS LIMITED (REGISTERED NUMBER: 06841822)

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


10. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 15,000 10,713
Bank loans 5,276 5,276
20,276 15,989

Amounts falling due between one and two years:
Bank loans - 1-2 years 5,276 5,276

Amounts falling due between two and five years:
Bank loans - 2-5 years 10,551 15,827

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 22,280 21,849

11. DEFERRED TAX
£   
Balance at 1st April 2022 (1,605 )
Provided during year 2
Balance at 31st March 2023 (1,603 )

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100

HEART BUSINESS SYSTEMS LIMITED (REGISTERED NUMBER: 06841822)

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


13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2023 and 31st March 2022:

2023 2022
£    £   
Mr D A Jarrett
Balance outstanding at start of year 36,524 34,081
Amounts advanced 6,600 18,102
Amounts repaid (3,905 ) (15,659 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 39,219 36,524

Mr G D Roberts
Balance outstanding at start of year 30,975 28,599
Amounts advanced 6,000 16,250
Amounts repaid (3,466 ) (13,874 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 33,509 30,975

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Heart Business Systems Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Heart Business Systems Limited for the year ended 31st March 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Heart Business Systems Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Heart Business Systems Limited and state those matters that we have agreed to state to the Board of Directors of Heart Business Systems Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Heart Business Systems Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Heart Business Systems Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Heart Business Systems Limited. You consider that Heart Business Systems Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Heart Business Systems Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hayward Wright Ltd
4 Clews Road
Redditch
Worcestershire
B98 7ST


29th October 2024