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REGISTERED NUMBER: 05450093 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 May 2024

for

Heritage Doors & Floors Limited

Heritage Doors & Floors Limited (Registered number: 05450093)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Heritage Doors & Floors Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: B Mordey
Mrs T Mordey
L P Barnes





REGISTERED OFFICE: 9 Ross Court
Killamarsh
Sheffield
South Yorkshire
S21 1DL





REGISTERED NUMBER: 05450093 (England and Wales)

Heritage Doors & Floors Limited (Registered number: 05450093)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 422,232 452,045
422,232 452,045

CURRENT ASSETS
Stocks 160,745 170,310
Debtors 6 51,405 120,743
Cash at bank and in hand 75,996 177,567
288,146 468,620
CREDITORS
Amounts falling due within one year 7 309,508 461,410
NET CURRENT (LIABILITIES)/ASSETS (21,362 ) 7,210
TOTAL ASSETS LESS CURRENT
LIABILITIES

400,870

459,255

CREDITORS
Amounts falling due after more than one
year

8

(35,840

)

(94,391

)

PROVISIONS FOR LIABILITIES (88,410 ) (81,350 )
NET ASSETS 276,620 283,514

CAPITAL AND RESERVES
Called up share capital 40 40
Retained earnings 276,580 283,474
SHAREHOLDERS' FUNDS 276,620 283,514

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

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

Heritage Doors & Floors Limited (Registered number: 05450093)

Balance Sheet - continued
31 May 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 27 February 2025 and were signed on its behalf by:




B Mordey - Director



L P Barnes - Director


Heritage Doors & Floors Limited (Registered number: 05450093)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Heritage Doors & Floors 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 has been fully amortised.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% 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.

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.

Heritage Doors & Floors Limited (Registered number: 05450093)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company makes employer contributions to employee personal pension policies.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 5,000
AMORTISATION
At 1 June 2023
and 31 May 2024 5,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 June 2023 800,087 65,848 55,643 921,578
Additions 26,658 363 770 27,791
At 31 May 2024 826,745 66,211 56,413 949,369
DEPRECIATION
At 1 June 2023 371,833 56,436 41,264 469,533
Charge for year 51,241 1,446 4,917 57,604
At 31 May 2024 423,074 57,882 46,181 527,137
NET BOOK VALUE
At 31 May 2024 403,671 8,329 10,232 422,232
At 31 May 2023 428,254 9,412 14,379 452,045

Heritage Doors & Floors Limited (Registered number: 05450093)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 June 2023 235,025
Transfer to ownership (71,757 )
At 31 May 2024 163,268
DEPRECIATION
At 1 June 2023 61,456
Charge for year 17,357
Transfer to ownership (29,582 )
At 31 May 2024 49,231
NET BOOK VALUE
At 31 May 2024 114,037
At 31 May 2023 173,569

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 41,803 102,029
Other debtors 9,602 18,714
51,405 120,743

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 18,182 18,182
Hire purchase contracts 40,368 51,056
Trade creditors 100,971 240,597
Taxation and social security 50,725 67,882
Other creditors 99,262 83,693
309,508 461,410

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 16,667 34,849
Hire purchase contracts 19,173 59,542
35,840 94,391

Heritage Doors & Floors Limited (Registered number: 05450093)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 34,849 53,031
Hire purchase contracts 59,541 110,598
94,390 163,629

Lloyds Bank PLC

Date 30/04/2020

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Heritage Collection Holding Company Limited.