REGISTERED NUMBER: |
HEARTLANDS FURNITURE (WHOLESALE) LIMITED |
Financial Statements for the Year Ended 31 August 2024 |
REGISTERED NUMBER: |
HEARTLANDS FURNITURE (WHOLESALE) LIMITED |
Financial Statements for the Year Ended 31 August 2024 |
HEARTLANDS FURNITURE (WHOLESALE) LIMITED (REGISTERED NUMBER: 03789369) |
Contents of the Financial Statements |
for the year ended 31 August 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 | to | 4 |
HEARTLANDS FURNITURE (WHOLESALE) LIMITED |
Company Information |
for the year ended 31 August 2024 |
Directors: |
Registered office: |
Registered number: |
Accountants: |
CUBO Birmingham |
4th Floor |
Two Chamberlain Square |
Birmingham |
West Midlands |
B3 3AX |
HEARTLANDS FURNITURE (WHOLESALE) LIMITED (REGISTERED NUMBER: 03789369) |
Balance Sheet |
31 August 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
Current assets |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
Creditors |
Amounts falling due within one year | 6 |
Net current assets |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year | 7 | ( |
) | ( |
) |
Provisions for liabilities | ( |
) | ( |
) |
Net assets |
Capital and reserves |
Called up share capital |
Retained earnings |
Shareholders' funds |
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 were approved by the Board of Directors and authorised for issue on |
HEARTLANDS FURNITURE (WHOLESALE) LIMITED (REGISTERED NUMBER: 03789369) |
Notes to the Financial Statements |
for the year ended 31 August 2024 |
1. | Statutory information |
Heartlands Furniture (Wholesale) Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
The company recognises revenue when it transfers control over goods to a customer. Turnover is measured at the fair value of the consideration received or receivable and is presented net of value added tax (VAT), rebates and discounts. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Stocks |
Stocks are valued at the lower of cost (purchase price) and net realisable value after making due allowance for obsolete and slow moving items. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
3. | Employees and directors |
The average number of employees during the year was |
4. | Tangible fixed assets |
Fixtures |
Plant and | and |
machinery | fittings | Totals |
£ | £ | £ |
Cost |
At 1 September 2023 |
and 31 August 2024 |
Depreciation |
At 1 September 2023 |
Charge for year |
At 31 August 2024 |
Net book value |
At 31 August 2024 |
At 31 August 2023 |
HEARTLANDS FURNITURE (WHOLESALE) LIMITED (REGISTERED NUMBER: 03789369) |
Notes to the Financial Statements - continued |
for the year ended 31 August 2024 |
5. | Debtors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Trade debtors |
Amounts owed by participating interests | 1,604 | 3,658,957 |
Other debtors |
Directors' current accounts | 183,306 | 25,170 |
Prepayments |
6. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts |
Trade creditors |
Amounts owed to participating interests | - | 132,133 |
Tax |
Social security and other taxes |
VAT | 420,005 | 103,085 |
Other creditors |
Directors' current accounts | - | 8,564 |
Accruals and deferred income |
7. | Creditors: amounts falling due after more than one year |
2024 | 2023 |
£ | £ |
Bank loans - 1-2 years |
Bank loans - 2-5 years |
Hire purchase contracts |
Other creditors > I year |
8. | Secured debts |
The following secured debts are included within creditors: |
2024 | 2023 |
£ | £ |
Bank loans |
The bank loans are secured by a fixed charge over the company's assets. |
9. | Directors' advances, credits and guarantees |
At the year end there was an amount due to the company fro the directors of £183,306. |
10. | Parent company |
The company is a wholly owned subsidiary of Heartlands Topco Ltd, a company incorporated in England & Wales whose registered office address is Heartlands House, Cranford Street, Smethwick, B66 2TA. |