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REGISTERED NUMBER: 10736258 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

J HEATH & SON LIMITED

J HEATH & SON LIMITED (REGISTERED NUMBER: 10736258)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J HEATH & SON LIMITED

Company Information
for the year ended 31 March 2024







DIRECTORS: N J Heath
J C Heath





REGISTERED OFFICE: Preston Park House
South Road
Brighton
East Sussex
BN1 6SB





REGISTERED NUMBER: 10736258 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

J HEATH & SON LIMITED (REGISTERED NUMBER: 10736258)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 48,750 63,750
Tangible assets 5 36,232 44,033
84,982 107,783

CURRENT ASSETS
Stocks 6,100 6,000
Debtors 6 28,020 27,811
Cash at bank and in hand 24,872 24,936
58,992 58,747
CREDITORS
Amounts falling due within one year 7 (119,787 ) (133,595 )
NET CURRENT LIABILITIES (60,795 ) (74,848 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,187

32,935

CREDITORS
Amounts falling due after more than one
year

8

(13,335

)

(23,083

)

PROVISIONS FOR LIABILITIES 9 (7,007 ) (8,506 )
NET ASSETS 3,845 1,346

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 3,843 1,344
SHAREHOLDERS' FUNDS 3,845 1,346

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.

J HEATH & SON LIMITED (REGISTERED NUMBER: 10736258)

Balance Sheet - continued
31 March 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 Board of Directors and authorised for issue on 9 November 2024 and were signed on its behalf by:





N J Heath - Director


J HEATH & SON LIMITED (REGISTERED NUMBER: 10736258)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

J Heath & Son Limited is a private company, limited by shares, registered in England and Wales. The company's registered number, registered office address and business address can be found on the Company Information page.

The presentational 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 fair value of consideration received or receivable net of trade discounts. Revenue from the sale of meat is recognised at the point of sale.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten 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
Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & fittings -10% on cost and 5% on cost
Motor vehicles-25% on reducing balance
Computer equipment-33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial assets, liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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.


J HEATH & SON LIMITED (REGISTERED NUMBER: 10736258)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has not further payment obligations.

The contributions are recognised as an expense in the Income Statement when they fall due. Amounts not paid are shown in accruals as a liability on the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Impairment policy
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Government assistance
Included in bank loans is a bounce back loan which is guaranteed by the government. As part of the bounce back loan scheme the government paid the first year of interest on the loan.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 150,000
AMORTISATION
At 1 April 2023 86,250
Amortisation for year 15,000
At 31 March 2024 101,250
NET BOOK VALUE
At 31 March 2024 48,750
At 31 March 2023 63,750

J HEATH & SON LIMITED (REGISTERED NUMBER: 10736258)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 44,421 61,287 5,865 111,573
Additions - - 750 750
At 31 March 2024 44,421 61,287 6,615 112,323
DEPRECIATION
At 1 April 2023 16,259 47,239 4,042 67,540
Charge for year 3,958 3,512 1,081 8,551
At 31 March 2024 20,217 50,751 5,123 76,091
NET BOOK VALUE
At 31 March 2024 24,204 10,536 1,492 36,232
At 31 March 2023 28,162 14,048 1,823 44,033

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 22,617 21,799
Other debtors 5,403 6,012
28,020 27,811

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,254
Trade creditors 35,711 44,405
Taxation and social security 12,076 11,147
Other creditors 62,000 67,789
119,787 133,595

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,335 23,083

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 7,007 8,506

J HEATH & SON LIMITED (REGISTERED NUMBER: 10736258)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 8,506
Accelerated capital allowances (1,499 )
Balance at 31 March 2024 7,007

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2