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REGISTERED NUMBER: 03669512 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Heronswood Press Limited

Heronswood Press Limited (Registered number: 03669512)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 7

Heronswood Press Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: N Room
Mrs S M Room





SECRETARY: N Room





REGISTERED OFFICE: First Floor, West Barn
North Frith Farm, Ashes Lane
Hadlow
Tonbridge
Kent
TN11 9QU





REGISTERED NUMBER: 03669512 (England and Wales)





ACCOUNTANTS: Deeks Evans
Chartered Accountants
First Floor, West Barn
North Frith Farm, Ashes Lane
Hadlow
Tonbridge
Kent
TN11 9QU

Heronswood Press Limited (Registered number: 03669512)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 464,630 481,775

CURRENT ASSETS
Stocks 7,500 7,500
Debtors 5 271,943 319,144
Cash at bank and in hand 19,200 43,660
298,643 370,304
CREDITORS
Amounts falling due within one year 6 615,146 528,116
NET CURRENT LIABILITIES (316,503 ) (157,812 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

148,127

323,963

CREDITORS
Amounts falling due after more than one
year

7

(160,169

)

(293,611

)

PROVISIONS FOR LIABILITIES (50,933 ) (65,133 )
NET LIABILITIES (62,975 ) (34,781 )

CAPITAL & RESERVES
Called up share capital 10,000 10,000
Retained earnings (72,975 ) (44,781 )
SHAREHOLDERS' FUNDS (62,975 ) (34,781 )

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.

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 10 March 2025 and were signed on its behalf by:



N Room - Director


Heronswood Press Limited (Registered number: 03669512)

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

1. STATUTORY INFORMATION

Heronswood Press 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.

The major part of the company's working capital requirements are provided by loans and finance agreements. The directors consider the company will be able to finance these loans out of ongoing trading and believe that finance providers will continue to support the company for the foreseeable future. The directors therefore , having considered the position , continue to adopt the going concern basis in preparing the financial statements which assumes that the company will continue in operation for the foreseeable future.

Turnover
Turnover comprises the invoiced amounts of goods and services, excluding VAT, adjusted for amounts not invoiced to customers at both the beginning and end of the year, such that revenue is recognised in line with performance under the contract.

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.
Fixtures & fittings - 10% on cost and over the lease term
Equipment - 5% to 33.3% 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.

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.

Heronswood Press Limited (Registered number: 03669512)

Notes to the Financial Statements - continued
for the Year Ended 31 March 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures Motor
& fittings vehicles Equipment Totals
£    £    £    £   
COST
At 1 April 2023 46,944 - 990,277 1,037,221
Additions - 16,982 21,145 38,127
Disposals - - (14,188 ) (14,188 )
At 31 March 2024 46,944 16,982 997,234 1,061,160
DEPRECIATION
At 1 April 2023 42,607 - 512,839 555,446
Charge for year 1,445 3,184 50,643 55,272
Eliminated on disposal - - (14,188 ) (14,188 )
At 31 March 2024 44,052 3,184 549,294 596,530
NET BOOK VALUE
At 31 March 2024 2,892 13,798 447,940 464,630
At 31 March 2023 4,337 - 477,438 481,775

Heronswood Press Limited (Registered number: 03669512)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Fixtures Motor
& fittings vehicles Equipment Totals
£    £    £    £   
COST
At 1 April 2023 3,500 - 571,917 575,417
Additions - 16,982 13,330 30,312
Transfer to ownership - - (70,167 ) (70,167 )
At 31 March 2024 3,500 16,982 515,080 535,562
DEPRECIATION
At 1 April 2023 3,500 - 164,767 168,267
Charge for year - 3,184 34,234 37,418
Transfer to ownership - - (70,167 ) (70,167 )
At 31 March 2024 3,500 3,184 128,834 135,518
NET BOOK VALUE
At 31 March 2024 - 13,798 386,246 400,044
At 31 March 2023 - - 407,150 407,150

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 265,666 305,077
Other debtors 6,277 14,067
271,943 319,144

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans & overdrafts 76,859 52,601
Hire purchase contracts and finance leases 95,717 81,183
Trade creditors 136,736 139,462
Corporation tax - 3,936
Social security & other taxes 61,802 41,659
Cash received in advance for invoice
discounting

200,004

193,335
Other creditors & accruals 9,450 6,300
Director's loan account 34,578 9,640
615,146 528,116

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 50,251 55,644
Bank loans - 2-5 years 18,017 68,609
Hire purchase contracts and finance leases 91,901 169,358
160,169 293,611

Heronswood Press Limited (Registered number: 03669512)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 145,127 176,854
Hire purchase contracts and finance leases 187,618 250,541
332,745 427,395

Security comprises fixed and floating charges over all the assets of the company.


Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Heronswood Press Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Heronswood Press Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Heronswood Press Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Heronswood Press Limited and state those matters that we have agreed to state to the Board of Directors of Heronswood Press Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Heronswood Press Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Heronswood Press Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Heronswood Press Limited. You consider that Heronswood Press Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Heronswood Press Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Deeks Evans
Chartered Accountants
First Floor, West Barn
North Frith Farm, Ashes Lane
Hadlow
Tonbridge
Kent
TN11 9QU


10 March 2025