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REGISTERED NUMBER: 04577387 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

HEATHS LIMITED

HEATHS LIMITED (REGISTERED NUMBER: 04577387)






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




Page

Chartered Certified Accountants' Report 1

Balance Sheet 2

Notes to the Financial Statements 4


CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
HEATHS LIMITED

The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the director in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the director the financial statements that we have been engaged to compile, to report to the director that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's director for our work or for this report.

You have acknowledged on the balance sheet as at 31 January 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. 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 financial statements.






R F Miller & Co
Double Tree Court
10A Cavendish St
Ulverston
Cumbria
LA12 7AD


Date: .............................................

HEATHS LIMITED (REGISTERED NUMBER: 04577387)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 4,000
Tangible assets 5 802 1,069
802 5,069

CURRENT ASSETS
Stocks 34,000 34,000
Debtors 6 131,674 97,675
Cash at bank and in hand 1,216 1,082
166,890 132,757
CREDITORS
Amounts falling due within one year 7 150,354 103,085
NET CURRENT ASSETS 16,536 29,672
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,338

34,741

CREDITORS
Amounts falling due after more than one
year

8

25,453

40,824
NET LIABILITIES (8,115 ) (6,083 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 (8,215 ) (6,183 )
SHAREHOLDERS' FUNDS (8,115 ) (6,083 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

HEATHS LIMITED (REGISTERED NUMBER: 04577387)

BALANCE SHEET - continued
31 JANUARY 2024


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 director and authorised for issue on 31 October 2024 and were signed by:





Mr P J Heath - Director


HEATHS LIMITED (REGISTERED NUMBER: 04577387)

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

1. STATUTORY INFORMATION

Heaths Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04577387

Registered office: 76 Dalton Road
Barrow-in-furness
Cumbria
LA14 1JE

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.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, 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.
Fixtures and fittings - 25% 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.

Stocks and work in progress are stated at the lower of cost and estimated costs to complete and sell, after making due allowance for obsolete and slow moving items.

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.

Estimated selling price less costs to complete and sell is based on the estimated selling price of the goods less any estimated completion or selling costs likely to be incurred on the sale.

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 6 (2023 - 7 ) .

HEATHS LIMITED (REGISTERED NUMBER: 04577387)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 80,000
AMORTISATION
At 1 February 2023 76,000
Charge for year 4,000
At 31 January 2024 80,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 4,000

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 February 2023
and 31 January 2024 23,756
DEPRECIATION
At 1 February 2023 22,687
Charge for year 267
At 31 January 2024 22,954
NET BOOK VALUE
At 31 January 2024 802
At 31 January 2023 1,069

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 22,651 14,193
Other debtors 22,442 -
Directors' current accounts 85,736 82,998
Prepayments and accrued income 845 484
131,674 97,675

HEATHS LIMITED (REGISTERED NUMBER: 04577387)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 37,313 31,284
Trade creditors 60,810 54,551
Corporation tax 524 1,505
Social security and other taxes 5,274 1,405
VAT 9,692 8,952
Credit card account 36,510 4,697
Accrued expenses 231 691
150,354 103,085

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 5,000 5,000
Bounceback loan 1-2 years 10,335 10,080
Bank loans - 2-5 years 3,208 8,499
Bounceback loan 2-5 years 6,910 17,245
25,453 40,824

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 ordinary 1 100 100

10. RESERVES
Retained
earnings
£   

At 1 February 2023 (6,183 )
Deficit for the year (2,032 )
At 31 January 2024 (8,215 )

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within debtors is an amount owed to the company of £85,736. (2023: £82,998). The maximum overdrawn balance in the year was £85,736.

12. RELATED PARTY DISCLOSURES

The company operates from premises owned personally by the director and rent of £14,400 was paid to him during the year (2023: £14,400).

During the year Mr & Mrs P Heath jointly received a dividend of £nil (2023:- £nil).

HEATHS LIMITED (REGISTERED NUMBER: 04577387)

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

13. ULTIMATE CONTROLLING PARTY

The company was under the control of Mr P J Heath throughout the current and previous periods. Mr Heath is the managing director and together with members of his immediate family owns all of the company's issued share capital.