Company registration number 10055276 (England and Wales)
HEADWAY BIRMINGHAM & SOLIHULL TRADING LIMITED
Report of the Directors and
Audited Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
HEADWAY BIRMINGHAM & SOLIHULL TRADING LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
HEADWAY BIRMINGHAM & SOLIHULL TRADING LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
496
1,081
Current assets
Debtors
4
14,482
8,347
Cash at bank and in hand
19,153
45,487
33,635
53,834
Creditors: amounts falling due within one year
5
(34,031)
(54,815)
Net current liabilities
(396)
(981)
Net assets
100
100
Capital and reserves
Called up share capital
100
100

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 21 October 2024 and are signed on its behalf by:
Mr D Chater
Director
Company Registration No. 10055276
HEADWAY BIRMINGHAM & SOLIHULL TRADING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information

Headway Birmingham & Solihull Trading Limited is a private company limited by shares incorporated in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

1.2
Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Retail income, including income from donated goods, is accounted for when the sale takes place.

1.3
Tangible fixed assets

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Improvements to property
20% on cost
Fixtures, fittings and equipment
20% on cost
1.4
Stocks

The company receives donated goods which are sold in the Company's Charity shops. Donated goods are not recognised as stock as it is impractical to reliably measure the fair value of donated goods.

1.5
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.

 

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.

1.6

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.

HEADWAY BIRMINGHAM & SOLIHULL TRADING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 3 -
1.7

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.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
6
7
3
Tangible fixed assets
Improvements to property
Fixtures, fittings and equipment
Total
£
£
£
Cost
At 1 April 2023 and 31 March 2024
5,455
7,296
12,751
Depreciation and impairment
At 1 April 2023
5,455
6,215
11,670
Depreciation charged in the year
-
0
585
585
At 31 March 2024
5,455
6,800
12,255
Carrying amount
At 31 March 2024
-
0
496
496
At 31 March 2023
-
0
1,081
1,081
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
3,357
584
Other debtors
11,125
7,763
14,482
8,347
HEADWAY BIRMINGHAM & SOLIHULL TRADING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
3,535
5,320
Amounts owed to group undertakings
24,653
43,858
Other creditors
5,843
5,637
34,031
54,815
6
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Paul Mannion FCCA, FCA
Statutory Auditor:
BK Plus Audit Limited
Date of audit report:
21 October 2024
7
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
35,400
56,100
8
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

The Company is a wholly owned subsidiary of Headway Birmingham & Solihull, a charity registered in England and Wales. During the year the company made a donation of £23,085 (2023: £41,188) to its charitable parent and was recharged expenses totaling £35,091 (2023: £27,255). At the end of the year a balance of £24,653 (2023: £43,858) was owed to Headway Birmingham & Solihull.

9
Parent company

The controlling party is Headway Birmingham & Solihull by virtue of its 100% shareholding.

The ultimate controlling party is the board of directors of Headway Birmingham & Solihull.

2024-03-312023-04-01false21 October 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityThis audit opinion is unqualifiedMr J BarnesMr David ChaterMr Richard LangtonMs S TylerMr David ChaterMr Richard LangtonMs Susan Tylerfalsefalse100552762023-04-012024-03-31100552762024-03-31100552762023-03-3110055276core:LeaseholdImprovements2024-03-3110055276core:FurnitureFittings2024-03-3110055276core:LeaseholdImprovements2023-03-3110055276core:FurnitureFittings2023-03-3110055276core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-3110055276core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3110055276core:CurrentFinancialInstruments2024-03-3110055276core:CurrentFinancialInstruments2023-03-3110055276core:ShareCapital2024-03-3110055276core:ShareCapital2023-03-3110055276bus:Director22023-04-012024-03-3110055276core:LeaseholdImprovements2023-04-012024-03-3110055276core:FurnitureFittings2023-04-012024-03-31100552762022-04-012023-03-3110055276core:LeaseholdImprovements2023-03-3110055276core:FurnitureFittings2023-03-31100552762023-03-3110055276core:WithinOneYear2024-03-3110055276core:WithinOneYear2023-03-3110055276bus:PrivateLimitedCompanyLtd2023-04-012024-03-3110055276bus:SmallCompaniesRegimeForAccounts2023-04-012024-03-3110055276bus:FRS1022023-04-012024-03-3110055276bus:Audited2023-04-012024-03-3110055276bus:Director12023-04-012024-03-3110055276bus:Director32023-04-012024-03-3110055276bus:Director42023-04-012024-03-3110055276bus:Director52023-04-012024-03-3110055276bus:Director62023-04-012024-03-3110055276bus:Director72023-04-012024-03-3110055276bus:FullAccounts2023-04-012024-03-31xbrli:purexbrli:sharesiso4217:GBP