Company Registration No. 03689593 (England and Wales)
Heritage Construction & Landscaping Limited
Unaudited accounts
for the year ended 31 May 2024
Heritage Construction & Landscaping Limited
Unaudited accounts
Contents
Heritage Construction & Landscaping Limited
Company Information
for the year ended 31 May 2024
Directors
Lesley Ann Mallia
Paul Mallia
Bradley Mallia
Company Number
03689593 (England and Wales)
Registered Office
Floats Road
Roundthorn Industrial Estate
Wythenshawe
Manchester
M23 9PL
Accountants
Stoney Philbin & Company Limited
7 High Street
Chapel-en-le-Frith
High Peak
SK23 0HD
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Heritage Construction & Landscaping Limited
for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Heritage Construction & Landscaping Limited for the year ended
31 May 2024 as set out on pages
5 -
8 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Stoney Philbin & Company Limited
Chartered Certified Accountants
7 High Street
Chapel-en-le-Frith
High Peak
SK23 0HD
20 January 2025
Heritage Construction & Landscaping Limited
Statement of financial position
as at 31 May 2024
Tangible assets
139,110
173,218
Inventories
90,367
300,466
Cash at bank and in hand
109,288
-
Creditors: amounts falling due within one year
(418,578)
(350,606)
Net current assets
42,751
255,263
Total assets less current liabilities
181,861
428,481
Creditors: amounts falling due after more than one year
(58,530)
(392,045)
Provisions for liabilities
Other provisions
(1,122)
(1,122)
Called up share capital
100
100
Profit and loss account
122,109
35,214
Shareholders' funds
122,209
35,314
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 January 2025 and were signed on its behalf by
Paul Mallia
Director
Company Registration No. 03689593
Heritage Construction & Landscaping Limited
Notes to the Accounts
for the year ended 31 May 2024
Heritage Construction & Landscaping Limited is a private company, limited by shares, registered in England and Wales, registration number 03689593. The registered office is Floats Road, Roundthorn Industrial Estate, Wythenshawe, Manchester, M23 9PL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% and 15% on reducing balance
Motor vehicles
15% on reducing balance
Fixtures & fittings
25% on reducing balance
Computer equipment
33% on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Heritage Construction & Landscaping Limited
Notes to the Accounts
for the year ended 31 May 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2023
125,071
222,959
36,819
41,581
426,430
Disposals
-
(26,770)
-
-
(26,770)
At 31 May 2024
125,071
196,189
36,819
41,581
399,660
At 1 June 2023
89,733
85,724
36,174
41,581
253,212
Charge for the year
5,299
19,467
161
-
24,927
On disposals
-
(17,589)
-
-
(17,589)
At 31 May 2024
95,032
87,602
36,335
41,581
260,550
At 31 May 2024
30,039
108,587
484
-
139,110
At 31 May 2023
35,338
137,235
645
-
173,218
Amounts falling due within one year
Trade debtors
82,420
125,544
Amounts due from group undertakings etc.
166,467
144,758
Accrued income and prepayments
12,787
9,789
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
103,708
Obligations under finance leases and hire purchase contracts
70,707
71,334
Trade creditors
182,643
176,470
Taxes and social security
42,971
47,719
Other creditors
14,466
28,259
Loans from directors
69,493
(120,852)
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
58,530
134,441
Heritage Construction & Landscaping Limited
Notes to the Accounts
for the year ended 31 May 2024
The directors loan was repaid within nine months of the year end. Interest is fully charged on this loan.
9
Transactions with related parties
During the year the company loaned capital to Heritage Property & Plant Ltd, a company under common control. The balance outstanding at the year end was £144,757 (2022 - £126356).
10
Average number of employees
During the year the average number of employees was 14 (2023: 14).